Thoughts On Economics

Milton Friedman was an illogical advocate of right wing capitalism. C. B. MacPherson, in examining Friedman's Capitalism and Freedom ,...

I have found a common misrepresentation from many, including mainstream economists, is that critics of their models do not understand them ...

Neoclassical Political Economy You may have seen the above overly polite video. I have not done this in a while, even before the pandem...

1.0 Introduction By " libertarianism ", I mean propertarianism, a right-wing doctrine. In this post, I want to outline some ways...

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

What economists would you expect somebody with a general university education to have heard of? My list is quite short: Adam Smith Karl ...

Steve Denning, a writer for Forbes , describes Milton Friedman as being the source of "The world's dumbest idea". (I have wr...

Britain suspended convertibility during the Napoleonic wars. During that period, until 1821, money in England was paper, unbacked by gold. T...

Milton Friedman defined the natural rate of unemployment, also known as the Non-Accelerating Inflation Rate of Unemployment (NAIRU), at leas...

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

"An overwhelming majority of the entrepreneurs thought that a price based on full average cost (including a conventional allowance for ...

Scientists aspire to develop theories that observations can potentially demonstrate to be wrong. Here I examine whether this aspiration can ...

Here are two books one can read on-line and that I may read: Protecting Individual Privacy in the Struggle Against Terrorists: A Framework f...

In The Chronicle of Higher Education , Marshall Sahlins criticizes the proposed establishment of the Milton Friedman Institute (MFI). (Hat ...

Jeff Madrick has a Huffington Post column titled, "The End of the Age of Milton Friedman" . Since this is short and popular, one ...

Naomi Klein makes available Milton Friedman's 21 April 1975 letter to mass murderer Augusto Pinochet.

Over on Crooked Timber, "reason" says he likes a James Galbraith quotation I refer to. Galbraith mentions Koopmans. I suppose G...

"Professor Friedman's demonstration [in Capitalism and Freedom ] that the capitalist market economy can coordinate economic activit...

You may sometimes read (neoclassical) "Economic theory shows" p . Often these claims are untrue. One can prove this falsity by con...

Compare and contrast this: "When Friedman was beginning his career as a public intellectual, the times were ripe for a counterreformati...