Thoughts On Economics

I describe Henry Hazlitt as an author whose work goes well beyond ignorance and as somebody who does not know what he is talking about. Let...

Introduction In comments on a previous post , Radek comments on some work of Steve Keen's. Since I've let something like a week go b...

In comments on this post , dsquared writes: I saw the finest minds of my generation wrecked by the Solow model, starving hysterical naked an...

I recently posted about income inequality and immobility . Apparently, I'm up on what's being discussed among some: Brad DeLong on ...

This humble blog is all about documenting fallacies in mainstream economics. Very little of what I have to say is new, and some have tried t...

I recently posted about income (im)mobility in the United States. One interested in that subject is probably also interested in the deterio...

In a previous post , I provided a summary table from a 1997 study on income mobility in the United States. Tom Hertz, with American Universi...

The "nobel" laureate, Ronald Coase, has some views on public finance and lighthouses. He mentions these views, for example, in a 1...

4.0 International Trade Suppose a number of otherwise identical countries differ in endowments of factors of production. And suppose these c...

3.0 Prices And The Choice Of Technique In the previous part , I presented a specification of the technology in a numeric example created by ...

1.0 Introduction This sequence of posts explores a numeric example. The example was created by L. Mainwaring (1976). Mainwaring used the exa...

I've seen that once I started this blog, I feel pressure to post. But as is obvious, I don't post often. It would only be polite to ...

Lawrence Lessig is a lawyer and law professor in the United States. He is most well known, I guess, for his interest in intellectual proper...

I know, from reading Geoff Harcourt, that at least some of this was quoted at Sraffa's funeral: "It would be worth compiling a ...

Shattering 'Market Theory'

This is a topic that I could see myself exploring some time in the distant future. The author of an utopia is promoting his vision in some ...

I have some comments in "Unregulated International Trade Unjustified By Comparative Advantage (TOC)" . Radek offers an admittably ...

A charactistic transaction under capitalism is the selling of labor power for money wages. How was this transaction perceived in capitalism...

Part 1 Part 2 Part 3 Part 4 Part 5

5.0 Conclusions I don’t think the interesting properties of the above example rely on the following properties: The technology is discrete (...