Monday, April 13, 2026

Jevons Versus Marshal On Ricardo

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I have been pointing out that much teaching in most universities and high schools in economics is propaganda. Mistakes that were exposed m...
Tuesday, April 07, 2026

Supply And Demand Breaking Down Half A Century Ago: The Sonnenschein-Mantel-Debreu Theorem

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"[M]ainstream economists [divide] into effective 'castes', with only a tiny but exalted subset of the profession undertaking t...
4 comments:
Thursday, April 02, 2026

The Centre Of The Solving Subsystem In A Model With Fixed Capital And Scarce Land

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1.0 Introduction This post revisits my example with fixed capital and two types of land. It presents, by means of an example, the concept...
4 comments:
Monday, March 30, 2026

Old Papers On Rent And One New One

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This post annotates some papers that I want to remind myself of. Montani (1975) references Quadrio Curzio (in Italian), defines the order...
Saturday, March 28, 2026

Factor Demand Curves For An Example With Fixed Capital And Rent

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Figure 1: Demand Curve for Labor I have created and worked through an example in which a machine with a physical life of three year...
Monday, March 23, 2026

Some Phenomena In Price Theory

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I occasionally list theoretical possibilities that I think interesting. Outside of a working paper at Centro Sraffa, I have not managed to...
2 comments:
Saturday, March 21, 2026

Murray Rothbard Muddled And Confused

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1.0 Introduction I try to read Rothbard's 'Toward a reconstruction of utility and welfare economics' (in On Freedom and Free E...