Thoughts On Economics

Here are some ways of classifying capital. This post does not talk much about profit on alienation (buying low, selling high). Nor does...

The following is reproduced from "An Essay on Post-Keynesian Theory: A New Paradigm in Economics", Al Eichner and Jan Kregel'...

1.0 Introduction Perhaps arguments lasting between groups for decades have some underlying issues that are not immediately apparent by loo...

This post presents a series of claims, without argument, references, or empirical evidence. Raw materials & agricultural products, com...

Figure 1: Nell's Diagram Over at Naked Keynesian , Matías Vernengo explains some aspects of how he teaches the surplus approach. Vern...

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

"I admit that my criteria of falsifiability does not lead to an unambiguous classification. Indeed, it is impossible to decide, by anal...

Luigi Pasinetti, in his new book, Keynes and the Cambridge Keynesians: A "Revolution in Economics" to be Accomplished , summarizes...

I've previously referenced expositions of principles of institutional economics and principles of heterodox economics. Geoff Schneider...

Methodology (rather than just method ) is important to understanding economics. Human actors are social and less than perfectly rational, dr...

Economics is about social provisioning, not merely choices and scarcity. Both scarcity and wants are socially defined and created. Economic ...