Thoughts On Economics

Economists, following a long-exploded, nonsensical theory, have a concept, the 'natural rate of unemployment': "At any momen...

Marginalist economics was shown to be incoherent about two thirds of a century ago. It collapsed just around the issues Marx investigated m...

I have been reading Brown (2015). She acknowledges neoliberalism is difficult to define: "Three decades out, rich accounts by geog...

If you believed something different, you wouldn't be sitting where you are sitting Suppose one wants to discuss capitalism versus soc...

Jeremy Rudd addresses the Cambridge Society for Economic Pluralism Jeremy Rudd has written : Mainstream economics is replete with idea...

Authortarians in the United States are currently competing to see who can publish the most stupid book. Mark Levin is a strong contender...

"The University [of Chicago] is the best investment I ever made in my life." -- John D. Rockefeller Consider the following peop...

As far as I am concerned, cost-push inflation is a manifestation of class conflict between workers and owners. In the late 1970s, Paul Vol...

Here is a post from a blog devoted to cybercommunism. The blogger is glowing about Paul Cockshoot's work on refuting Hayek's suppo...

This list is mostly a matter of aspirational reading. Maybe I want to read Ted Burczak's Socialism after Hayek . (The Amazon page has...

The literature on neoliberalism is large. Here are some scholarly books on this subject or on related matters: The power of market fundam...

Neoliberalism is a political project to remake the world into an unrealizable utopia. Neoclassical economics is a supposedly scientific ef...

A Simple Keynes-Like Model 1.0 Introduction I want to comment on an ideology that would lead to an acceptance of: Milton Friedman...

"Over the last three decades, economists played an important role in creating the conditions of the 2008 crisis (and dozens of smaller ...

National Public Radio broadcast an interview last evening with Charles Ferguson, the director of the soon-to-be-released documentary, Inside...

Various nonacademic institutions have helped shaped the development of academic economics. Fred Lee, in his recent history, describes some a...

1.0 Introduction Economics can change the world, and not necessarily for the better. Mainstream economists often do not describe actual capi...

I have been reading The Road from Mont Pelerin: The Making of the Neoliberal Thought Collective , a collection edited by Philip Mirowski and...

Some of these strike me as too absurd (e.g., 7, 9) to bother refuting: "...contrary to classical liberal doctrine, [the neoliberal] vis...

As I understand it, the American Economic Association ( AEA ) is almost unique among professional organizations. The AEA does not have a cod...