Thoughts On Economics

The authors of a number of blogs have been going on about supposed non-economists' or anti-economists' attacks on "economics...

On being recommended a couple of sources, I have been reading about Wittgenstein's political opinions, especially as in regard to Russia...

I think I saw reference in some obituaries to Milton Friedman’s “intellectual integrity”. Friedman was an important intellectual figure and ...

“The ‘non-substitution theorem’ states that under certain specified conditions, and taking the rate of profit (rate of interest) as given fr...

3.0 Price System In the first part , I present quantity flows per worker for three island economies facing the same technological possibilit...

1.0 Introduction This short sequence of posts illustrates the so-called non-substitution theorem. (Luigi Pasinetti argues this theorem is mi...

"Dear Mr. Buckley: In your recent column praising Milton Friedman [ NR , Feb. 17] you mention Adam Smith's discussion of entrepeneu...

Here's somebody named Yves Gingras on the "Nobel" prize for economics. Can I say Piero Sraffa won the Nobel prize in economic...

...and wind, too. About 50 miles north of here, in a quite inhospitable area, an installation exists of about one hundred of these windmills...

Christopher Hayes sat in on the University of Chicago's introductory economics class. He recounts his experiences in "What We Learn...

Karl Marx described the source of profits, interest, and rent as value added by workers not paid out in wages. That is, Marx said the value ...

In part 1 , I quoted Marx arguing against criticizing capitalism on the basis that it is unfair. In part 2 , I showed some current scholars ...

In part 1 , I quote Marx, showing that one can read his complaints about capitalism as claiming something other than that capitalism is unfa...

One might read Marx as suggesting workers deserve what they produce. And that capitalists get a return to their capital because they unjustl...

I consider J. R. Hicks' Value and Capital (Second edition, 1946) to be one of the founding documents of post-(World) War (II) economics...

Congrations are in order to Aaron Swarz on his success with reddit .

Over at the Financial Times, Philip Ball, "consultant editor of Nature ", describes neoclassical economics as "baroque fanta...

One might meet, in certain precincts of the Internet, soi-disant libertarians. As far as I am concerned, "libertarians" of this st...

Steven Pressman, the editor of the Review of Political Economy , following the advice of the referees, has rejected my paper, "Creating...

One book in random stuff I've read: On Communism: In Defense of the New Course , by Imre Nagy (English Translation: Frederick A. Praeger...