Are These The Top 11 Unsolved Problems in Economics?

Comments

August 14, 2008 at 5:13 pm

(1) Gabriel says:

I always thought that the list in question was not particularly well written, even if you go with a charitable interpretation.

Michael Greinecker’s blog dealt with several open questions in a very clear and informative matter.

August 15, 2008 at 5:39 am

(2) David Chester says:

Some of these 11 questions have already been properly answered and consequently are invalid as appearing on the list. However, even if the answers are known, the amount of public knowledge about these answers is minimal and so the question remains as apparently being significant. I think that the most serious question about which more publicity should be given is how in a technological expanding world, does poverty continue to exist?

The answer is that there is a lack of opportunity to work caused by the way the land is owned and controlled and no matter how good our machines and computers get, we must also share our natural and man-made resources is a more just way. This can be achieved by taxation of land values, for wich the Henry George web-sites give a more detailed explanation.

This matter should be regarded as very pressing, because it seems to me that we are reaching a stage when the poor will rebel and fight against the wealthy. Indeed they are already doing so in certain povery-struck neighbourhoods.

August 16, 2008 at 7:40 pm

(3) Stephen Gordon says:

I’d add ‘How are preferences formed?’

October 13, 2008 at 6:02 pm

(4) Walt says:

History has taught us that when wealth re-distribution is an accepted role of governement, that those bureaucrats whose job it is to re-distribute the wealth in fact end up re-distributing a disproportionate amount to themselves and those who are close to them. Socialism is a lazy approach to righting the wrongs. Activism is the better approach, though it is not perfect.