Thoughts On Economics

I think he offers definitions in other works, too. "Let us attempt to identify the key characteristics of neoclassical economics; the t...

David Warsh has a piece on János Kornai's challenges in pursuing a career in economics in communist Hungary. (I don't know if David...

Some have assured me that mainstream economics is valid because this is not valid neoclassical economics (and mainstream economists know th...

Ezra Klein has a series of posts on the topic. Some of the commentators seem to me to know what they are talking about. The discussion ge...

After many analyses, some mainstream economists acknowledge that they may not have a coherent understanding for what it means for a person t...

"Demand theorists know there are few Giffen goods. They know why there are Giffen goods. They can successfully predict that certain goo...

Like Dean Baker , I have said before that important issues in "free" trade agreements are matters of governance, not trade. James...

Like D-Squared , I'm dubious about some responses to continential philosophy, cultural criticism as put forth by the Frankfort school, p...

Whether it is realistic or not, I assume most readers of this blog probably have noticed Radek has been writing about me, sort of, latel...

From Dani Rodrik , I learn that Frank Levy and Peter Temin have out a new working paper , “Inequality and Institutions in 20th Century Ameri...

Harvard has an economist on their faculty who understands how the hardness or softness of budget constraints varies among institutional str...

Alan Blinder has an op-ed in the Washington Post , and a lot of blogs are commenting. Brad DeLong merely echoes out Blinder's essay. Ma...

I have previously referenced some papers providing empirical evidence that capital-reversing and other Sraffa effects can be seen in pract...

Exciting , for those interested in old writings . I haven't read the book this quotation is from: "Of everything which we possess t...

It's easy enough to find on the Internet simple people (e.g., commentators here on the side of their host) ignorant of clarifications o...

You may sometimes read (neoclassical) "Economic theory shows" p . Often these claims are untrue. One can prove this falsity by con...

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...