Thoughts On Economics

My article demonstrating the empirical soundness of a simple labor theory of value needs updating. In particular, I should calculate the r...

I have a new paper available on the Social Science Research Network: Title: Income Distribution And A Simple Labor Theory Of Value: Emp...

Figure 1: Wage-Rate of Profits Frontier for Seven Countries This post reports on the analysis of wage-rate of profits frontiers drawn ...

Figure 1: Wage Share versus Ratio of Rate of Profits 1.0 Introduction Consider the theory that Sraffa's standard system can be u...

Table 1: Variations Across Countries 1.0 Introduction This post is an empirical exploration of a simple labor theory of value as a t...

The Maximum Rate Of Growth Around The World Consider a model of an economy in which all commodities are produced from inputs of labor...

Profits by Selected Industry as Percent of Total Profits in the United States The data for the graph are taken from Use tables for the ...

Table 1: Components, As Percentage Of GDP I thought I'd expand on a recent graph . I was curious to see how state and federal gover...

I thought that Krugman had a post about Paul Ryan stating, incorrectly, that Obama had increased the size of the government. And he won...

Empirical Trends in Costs for Computer Systems 1.0 Introduction 1 Over time, the proportion of the cost of computer systems consumed by...

Figure 1: A Photo Probably From The Same Week I visited A Joint Production Process 1.0 Intrduction I thought I would continue thinking ab...

Figure 1: A Hydro-Electric Facility The appearance and effects of joint production are sometimes hard to see, and they often require a deg...

A reminder to my self - the following article belongs on this list . Mariolis, Theodore and George Soklis (2011) "On Constructing Numer...

I've decided that if I want use data from the National Income and Products Account (NIPA) to explore Marxist and Sraffian economics, I n...

1.0 Introduction Piero Sraffa, in his critique of neoclassical theory, described a system of prices in which capitalist earn the same rate o...

"In so far as the development of productivity reduces the paid portion of the labour applied, it increases the surplus-value by lifting...

I gave a hostage to fortune in the first part. That part notes the empirical claim that the Organic Composition of Capital (OCC) varies les...

1.0 Introduction Anwar Shaikh claims that one can expect the Organic Composition of Capital (OCC) to vary less among vertically integrated i...

Figure 1 and Table 1 list industries in order of declining labor values, as of 2005. Industries are as aggregated in the North American Indu...