Thoughts On Economics

Mike Beggs writes : "I've thought for quite a while that mainstream economics is supported by an exoskeleton of empiricism rather t...

I've previously pointed out some of Samuelson's acknowledgements of the Cambridge Capital Controversy. Some of Samuelson's co...

I don't think I have previously read Robert Nadeau. I know I haven't read this book . But I find his editorial in this month's ...

Although both are heterodox, I prefer one of the economics departments at Notre Dame to the George Mason economics department anyway.

1.0 Introduction (I will not be blogging for maybe a week after maybe tomorrow.) The dominant economic theories during the classical period ...

"Concerning the [Induced Value Theory], it should be noted that in principle reward structures can be employed so as to generate any ...

It's been years since I read these references: Frank Roosevelt (1975). "Cambridge Economics as Commodity Fetishism", Review of...

I cannot recall any literature that develops this point: "One interesting sidelight before we leave the subject of intertemporal pricin...

It took me a while to notice this tag : Pick up the nearest book (of at least 123 pages). Open the book to page 123. Find the fifth sentence...

Axel Leijonhufvud had at least this part right decades ago: "That a model with wage rigidity as its main distinguishing feature should ...

Consider an economic model in which the agents within the model act on decisions based on their understanding of the model. For ease of expo...

Many firms nowadays find their value is embodied in ideas, processes, algorithms, genetic information, etc. Artifacts expressing knowledge c...

Referee Report on "Some Capital-Theoretic Fallacies of Austrian Economics" January 2008 Summary: This paper challenges some of th...

The March 2008 issue of Harper's Magazine reports that a new edition of Wittgenstein's letters in Cambridge is being published by ...

I find this amusing. I suppose I should be grateful that somebody with a more popular blog than mine cites me.

I bought the Winter 2008 edition of Dissent just to read Jesse Larner's article, "Who's Afraid of Friedrich Hayek?". This...

I should be able to find older citations and by non-Sraffians for this thesis. Nikolai Bukharin would be good to reread, or at least rebrows...

Thomas Palley has been reading Rodrik's book, One Economics, Many Recipes . Pallay's reaction is better expressed and better though...

Luigi Pasinetti, in his new book, Keynes and the Cambridge Keynesians: A "Revolution in Economics" to be Accomplished , summarizes...

There was a certain political tendency in the United States around 1900. Historians call it the Progressive movement. I think it interesting...