Thoughts On Economics

1.0 Introduction Piero Sraffa wrote down his 'first equations' in 1927, for an economy without a surplus. D3/12/5 starts with thes...

I have a new working paper . Abstract: Does the Cambridge equation, in which the rate of profits in a steady state is equal to the quoti...

1.0 Introduction I have sometimes set out Marx's model of expanded reproduction , only with prices of production instead of labor val...

1.0 Introduction This post presents a model of a steady state with a constant rate of growth in which: Total wages and total profits gro...

Figure 1: Perversity and Non-Perversity in the Labor Market Varying with the Rate of Growth 1.0 Introduction I have been considerin...

I have not even started to read Thomas Piketty's Capital in the Twenty-First Century , but I have heard of Piketty as compared to Marx....

. 1.0 Introduction This post presents elements of a model of a smoothly reproducing economy, that is, of an economy growing along at ...

I would like to develop a numeric example with: Smooth production functions, and Properties analogous to the ones highlighted in this e...

Figure 1: Wage-Rate of Profits Curves and their Frontier 1.0 Introduction This post is a generalization of a neoclassical one-good model ...

Figure 1: Coefficients of Production for the Technology 1.0 Introduction This post advances, somewhat, my start at a reconsideration of ...