Thoughts On Economics

I have added the blog of some economists at the University of Missouri-Kansas City to my blogroll. That blog is more policy-oriented than t...

First Instance "[Condolences] G.O.P.Y.T. A letter from Ronald Reagan to Michael Jackson, dated 1 February, 1984, five days after the si...

"An overwhelming majority of the entrepreneurs thought that a price based on full average cost (including a conventional allowance for ...

Brad DeLong still wants the attempted extrapolation of trends to be equivalent to prophecy. So I thought I'd point out another nineteen...

1.0 Introduction One can hold savings in various forms of assets. In effect, savings is a time machine for transferring purchasing power int...

I'm not sure I had heard of the Voynich Manuscript before this xkcd cartoon. But it did remind me of a couple of other artifacts whose...

1.0 Inroduction Patch writes : "I just finished reading Pasinetti's Lectures on the Theory of Production (New York: Colombia Unive...

Matthew Yglesias (and informed commentators) on the microfoundations of macroeconomics Robert Nadeau on neoclassical economic theory for th...

Anti-intellectuals and stupid people have long been conflating all variants of Keynesianism with communism. In arguing against this confla...

1.0 Introduction The point of the experiment described here is to offer empirical evidence for the importance of the distinction between unc...

Scientists aspire to develop theories that observations can potentially demonstrate to be wrong. Here I examine whether this aspiration can ...

1.0 Introduction Stupidity about Marx is never-ending. So I thought I would put up a post about Marx as a mathematical economist. This is e...

Maybe I'll purchase the book containing this truism: "It should be noted upfront that economics – or, more precisely, the neoclassi...

1.0 Introduction Around 1980, Edwin Burmeister could have justly thought that he was expressing the most prominent neoclassical response to ...

Edward Fullbook, a post autistic economist, is organizing a community to encourage students to protest orthodox economics textbooks.

Michael Mandler has an article, " Sraffian Economics (New Developments) " in the latest edition of The New Palgrave Dictionary of ...

Alessandro Roncaglia has written a book, Piero Sraffa , for Palgrave's "Great Thinkers in Economics" series. (This is the same...

Brad DeLong offers an empirical criticism based on order of magnitude estimates. For some reason, John Quiggin 's blog crashes this bro...

"What does [Jevon's theory] really amount to? In my apprehension to this, and no more - that value depends upon utility, and that u...

Kurt Gödel attended Karl Menger’s colloquium in Vienna in the 1930s. Sraffians should be interested in this colloquium since Von Neumann, in...