Thoughts On Economics

I have been reading Steve Keen's 1990 doctoral thesis . As I understand it, Marx explains the origin of surplus value, in Capital , by ...

"[M]ainstream economists [divide] into effective 'castes', with only a tiny but exalted subset of the profession undertaking t...

Steve Keen appeared on the 30 April epsiode of 1Dime Radio, a podcast. Towards the start, he tells a story: "My change actually c...

Why Rationality is Wrong Above is a video by "Dr. Skeleman", first in a series. Nick Romeo, in The New Yorker , on The CO...

A podcast interview with Philip Mirowski about how, roughly, neoliberals are exploiting the Corona Virus crisis in America. A book , Nine...

Table 1: Selected Critiques Author Book Number Ratings Mean Rating Moshe Adler Economics for the Rest of Us 21 4 Rod Hill & Tony Myat...

Steve Keen and others, in a showy bit of performance art in London, have called for a reformation of economics. Imitating Luther, they have...

Ian Wright has had a blog for about six months. Scott Carter announces that Sraffa's notes for are now available online. (The anno...

I am thinking of absurdity number 3 below. I go a little further because I am amused by the well-established point with which I end this qu...

"Curiously, though economists like to intimidate other social scientists with the mathematical rigor of their discipline, most econom...

Notice the point about the need in neoclassical theory to assume that preferences satisfy Gorman's assumptions of identical and homothe...

The New York Times , even outside of their editorial pages, seems to think their readership should know about the non-mainstream economists...

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

1.0 Introduction This post summarizes one aspect of a theorem presented and proved by Roy Radner (1980). I have previously expressed skep...

It seems to me that this echoes part of Steve Keen's point in Debunking Economics and, further, Keen's Physica A paper with Russe...

My major point in this post is to draw attention to the existence of Kapeller and Pühringer (2010). Steve Keen's book, Debunking Econ...

"Unlearning Economics" has been posting on Steve Keen's Debunking Economics: The Naked Emperor Dethroned? The second editi...

Some recent resources on Hyman Minsky : Gauti B. Eggertsson and Paul Krugman (2010) "Debt, Deleveraging, and the Liquidity Trap: A Fish...

I read some reviews as negative and some as positive. The negative reviews include both those who think neoclassical economics is basically ...

Does an ideological or normative bias exist in mainstream teaching or practice? I think Gunnar Myrdal's The Political Element in the Dev...