Thoughts On Economics

Robert Waldmann makes some strong statements: "...The conclusions of economic theory as presented by many or perhaps most economists do...

I may have something more to say in the coming weeks. But I thought I should note some of what the Post Keynesian economist Paul Davidson ha...

Figure 1: One View of The Mansion House Figure 2: Another View of The Mansion House Figure 3: Crafts On Display Inside Mansion House Figure ...

Ron Paul outlines mistaken Austrian Business Cycle theory: "These governmental measures, combined with the Federal Reserve's loose...

The news reports a new scientific study showing that conservatives startle easier than liberals. This study was by John Hibbing , in the Po...

How economists perceive neoclassical economics may not be constant through time. Here is Stigler using the label in 1941: "The basis of...

I've decided that if I want use data from the National Income and Products Account (NIPA) to explore Marxist and Sraffian economics, I n...

1.0 Introduction Piero Sraffa, in his critique of neoclassical theory, described a system of prices in which capitalist earn the same rate o...

Rejection Letter By Steven Pressman Dear Robert, I have now received back two referee reports on your paper "Some Capital-Theoretic Fal...

Apparently, Gavin Kennedy delivered a paper, "Adam Smith's Invisible Hand: From Metaphor to Myth", at the 40th Anniversary Con...

"In so far as the development of productivity reduces the paid portion of the labour applied, it increases the surplus-value by lifting...

I gave a hostage to fortune in the first part. That part notes the empirical claim that the Organic Composition of Capital (OCC) varies les...

Francis Bellamy Family Gravesite, Rome, NY Base of Pillar Francis' cousin, Edward Bellamy, wrote Looking Backward: 2000-1887 .

Matthew Yglesias blogs "Live from the Paul-Dome": "I never thought I’d hear an arena full of people cheering and clapping fo...

1.0 Introduction Anwar Shaikh claims that one can expect the Organic Composition of Capital (OCC) to vary less among vertically integrated i...

What economists know now is influenced by what they could teach in the past. Perhaps where we are now has something do with interventions in...

Figure 1 and Table 1 list industries in order of declining labor values, as of 2005. Industries are as aggregated in the North American Indu...

I might as well point out this Tom Green Adbusters' article , "Thought Control in Economics". I have previously recommended w...

I'm continually finding articles by authors I like reading: Paul Davidson has written an article on oil prices for the July-August issu...

In The Chronicle of Higher Education , Marshall Sahlins criticizes the proposed establishment of the Milton Friedman Institute (MFI). (Hat ...