Thoughts On Economics

I have been unsuccessful in getting my refutation of Austrian Business Cycle Theory accepted for publication in a peer-reviewed journal. My ...

"The actual price at which any commodity is commonly sold is called its market price. It may either be above, or below, or exactly the ...

Chris Pepin informs us that the Union for Radical Political Economics (URPE) will participate in the upcoming Eastern Economics Associatio...

Eric Rauchway tells us about the Bretton Woods conference, where John Maynard Keynes showed that some economists could be more useful than ...

A few weeks ago, in a bookstore a couple of hundred miles away from here, I skimmed Moshe Adler 's Economics for the Rest of Us: Debunki...

One can find all sorts of things on the internet, such as T-shirts. And one can find lots of silliness: "Why Jesus Christ is Not a Comm...

Sraffa's critique is formulated in terms of physical quantity flows among industries and labor inputs into each industry. From this data...

Over on Economics Job Market Rumors , an anonymous poster asks : "Despite the neoclassicals admitting that the Post-Keynesians were rig...

The Australian Fair Pay Commission's Minimum Wage Research Forum met in Melbourne on 30 and 31 October 2008. Stephen Machin summarized r...

Apparently Wittgenstein wrote the following in 1937: "The origin and the primitive form of the language game is a reaction; only from t...

Last September, the Committee on Science and Technology's Subcommittee on Investigations and Oversight, a subcommittee of the United Sta...

A bit from Avatar reminds me of Ursula K. LeGuin's "Vaster Than Empires and More Slow", a short story republished in her coll...

1.0 Introduction I have written about so-called factor price curves and frontiers in many posts. They are so-called because the interest rat...

I've been influenced by Samuelson's work. I've referenced him here on such topics as: Aggregate production functions Cambridge C...

1.0 Introduction I have previously suggested a taxonomy of Wicksell effects. This post presents an example with: The cost-minimizing techni...

The post-autistic movement now has a blog: The Real-World Economics Review Blog . I'm much less enthusiastic about the Counter-Economics...

Herb Gintis has now posted 231 reviews to Amazon. He has something to anger everybody. Here he describes Jerry Cohen as a "supporter ...

Consider a typical circulating capital model, in which commodities are produced from commodities and labor. The technique in use is describe...

I have previously noted the problems for utility theory created by the application of Arrow's impossibility theorem to a single individ...

1.0 Introduction I have stumbled upon some odd mathematics, some mathematics that I have not validated. Consider the claim that all two-pers...