Thoughts On Economics

1.0 Introduction This example illustrates one aspect of how Sraffa analyzed natural resources. In this case, natural resources consist of la...

Benedict's encyclical letter, "Charity in Truth" . ( Comments on the encyclical at Open Economics.) James Galbraith's ...

Consider the consequences of capital-reversing. I like to say that one is that explaining wages and employment by well-behaved supply and de...

Some of these strike me as too absurd (e.g., 7, 9) to bother refuting: "...contrary to classical liberal doctrine, [the neoliberal] vis...

I have never been enamored of Henry George. But for those who like him, the recent History of Economics Society Annual Conference (Denver, ...

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.