Thoughts On Economics

I have an interest in both physiocracy and the distribution of income and wealth in the United States. A vignette from Marguerite Kuczynski...

You can see internal squabbles among Marxists in recent edit wars over Wikipedia entries on the Temporal Single System Interpretation of Ma...

In 2004, the Journal of Economic Methodology sponsored a symposium on Philip Mirowski's Machine Dreams: Economics Becomes a Cyborg Scie...

"...But Sraffa's most dramatic scholarly achievement went further than mere correction of perspective. His reconstruction of Ricard...

I've recently noted that the Post Keynesian economist Paul Davidson thinks economic theory should not impose a priori the special case ...

Neoclassical economic theory, correctly understood, imposes no restrictions on the direction of real Wicksell effects. Paul Samuelson's ...

"Anarchists don't believe property is, or should be, the ultimate value of society... Private property is not more important than h...

"I will argue that much of the failure of monetary economics to progress over the last 25 years is the failure to construct models that...

James Galbraith and Barkley Rosser , for example, are familar with this view. Inflation is not always and everywhere a monetary phenomenon....

...this quotation from Aumann and the following: "T. C. Koopmans, perhaps the greatest defender of the use of the mathematical tool in...

I'm trying to decide if I want to purchase Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement ....

Mark Thoma, Bruce Bartlett, and Paul Krugman, for example, are discussing how "supply-side economics trickled down". The frame of...

I once somewhere described Veblen as America's greatest economist. (I always exempt living people in such comparisons, since, I think, w...

"I was walking to a classroom with Nicky Kaldor in 1971, and Cambridge had just won the capital controversies-reswitching debate with M...

Mark Thoma has recently been trying to justify the hypothesis of rational expectations . Rational expectations characterize a model of the ...

Peter Leeson , Dan Klein , Peter Boettke and Frederic Sautet , and Peter Boettke have been discussing how to advance Austrian economics. I...

The following worry that "third rank" economists and "cheerleaders" are insufficiently aware of the downside of "fr...

I find Zizek difficult to read in large doses. For instance, I did not even make it all the way through this . I don't think I retain mu...

1.0 Introduction Some economists have mistakenly thought that depreciation is merely a matter of capital goods wearing out: "One of the...

I used Google's translation services to read this explanation of the Cambridge Capital Controversies, titled, "What is wrong with ...