Thoughts On Economics

One can read Keynes as proposing an alternative theory of value. Hyman Minsky advances this reading to some extent. Classic texts for this r...

Kevin "Angus" Grier reminisces about Hyman Minsky's dislike for Piero Sraffa. But he doesn't recall points at issue. Mins...

1.0 Introduction Von Neumann and Morgenstern posed a mathematical problem in 1944: Does every game have a solution, where a solution is defi...

The following paragraph appears in Chapter 5 of The General Theory of Employment Interest and Money : "If we suppose a state of expecta...

Stigliz has an article , "Capitalist Fools", in the January issue of Vanity Fair . He argues that the new depression is the result...

I've previously commented on Philip Ball's opinion of economics. He's recently offered an article in Nature . This is behind a...

Some version of this New York Times article contains the following passage: "A blueprint for such spending can be found in a study fi...

1.0 Introduction I think of this post as posing a research question. S. Abu Turab Rizvi re-interprets the primitives of social choice theory...

Paul Krugman again and again and again Brad DeLong basically quotes Krugman Tyler Cowen Peter Boettke comments on Cowen on Keynes Matthe...

"... formal econometric work, where elaborate technique is used to apply theory to data or isolate the direction of causal relationship...

An orthodox response to the Cambridge Capital Controversy (CCC) is to assert that mainstream price theory is centered around General Equilib...

I was on travel last week. I find intriguing the application of solar, wind , geothermal, hydroelectric, and tide power generation on an ind...

Sraffa started a controversy on the interpretation of Ricardo's theory of value and distribution. Or perhaps Hollander did in his reacti...

This post illustrates a phenomenon that is a possibility in pairwise voting. Consider a constituency of 30 voters deciding among six candida...

Gualra has a blog, titled "Controversias Del Capital" . It seems like the kind of thing I would read if I were able to read spanis...

Figure 1 is a screen snapshot of normalized data from Google trends. Terms such as "Austrian Business Cycle" and "Austrian Bu...

Where do I recall the quoted phrase in the title from? It's not in Skidelsky: "Keynes finally saw Roosevelt for an hour at 5:16 p.m...

I recently read Peter Dorman's "Waiting for an Echo: The Revolution in General Equilibrium Theory and The Paralysis in Introductory...

"[O]ne should emphasize the distinction between two types of measurement. First, there was the one in which the statisticians were main...

"Compared with physics, it seems fair to say that the quantitative success of the economic sciences has been disappointing. Rockets fly...