Thoughts On Economics

I have been reading The Road from Mont Pelerin: The Making of the Neoliberal Thought Collective , a collection edited by Philip Mirowski and...

1.0 Introduction Sraffa's work on single product systems is sufficient for demonstrating the incorrectness of neoclassical economics, at...

Apparently, that is me .

Compare and contrast this: "Some of us were skeptical. A couple of months after Mr. Obama gave that speech, I warned that his vision of...

All ten of the letters in the 8-14 August issue of The Economist are responses to the critique of academic economics in the 18-24 July iss...

Mark Blaug has another paper criticizing Sraffianism. Here's one quotation from it: "One of the striking features of the Sraffian s...

I think I downloaded Marc Lavoie's paper, "Neoclassical Empirical Evidence: On Employment and Production Laws as Artefact" fro...

Others have already commented on the three articles on the breakdown of macroeconomics and financial economics in the July 18-24 issue ...

They did not hold the 30th anniversary concert at Woodstock. They held it in my backyard. Crowd for Dave Matthews. Dave Did "Watchtower...

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...