Thoughts On Economics

When Von Mises came to American, he could not get an academic position. He ended up at New York University, funded by the Volker fund and t...

1.0 Introduction This post revisits an analysis of Hayekian triangles in the context of a circular flow of production. Here I go throu...

I thought I would try to summarize again some objections to the Austrian school. Austrian Business Cycle Theory (ABCT) focuses on the co...

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

I get this from Sam Tanenhaus' new biography of William F. Buckley, Jr. The index entry for Von Mises is in error. The John Birch Soc...

1.0 Introduction Gödel's theorems are often invoked in non-mathematical contexts, sometimes in a very imprecise fashion (Franzen 2005,...

I have another working paper , Technical change and triple-switching in the corn-tractor model, at the Centro Sraffa. The abstract fol...

Figure 1: The Wage Frontier for an Example of Capital-Reversing I am continuing to explore perturbations of coefficients of production...

Boettke, Candela, and Truitt (2024) is in the 'Cambridge elements: Austrian economics' series. It is 85 pages The first chapter i...

Figure 1: Wage Curves In The Example 1.0 Introduction I have presented this example before . This example is another case of explorin...

Carl Menger has a theory of consumer demand, in his Principles of Economics . This theory, one expression of utility theory, is ejected or...

Figure 1: Wage Curves For A Technique In The Example 1.0 Introduction I have explored this example from Baldone before, including pe...

Table 1: Lower Rate of Profits around a Switch Point Tradional Marginalist Story 'Perverse' Marginalist Story Traditional Austrian...

I take the following long quote from Bohm-Bawerk. "The entire sum of originary productive forces at Crusoe’s disposal … is a day’s ...

Figure 1: Hayekian Triangles for The Two Techniques 1.0 Introduction This post is a variation on this one . 2.0 Technology and N...