Thoughts On Economics

This is combinatorics, not economics. I suppose this sort of math is useful for political science in calculating power indices. Consider a s...

Consider Andrew W. Lo and Mark T. Mueller's draft paper "WARNING: Physics Envy May Be Hazardous To Your Wealth!" , to appear i...

At NEP-DGE Blog, I commented on some post about some dynamic general equilibrium model explaining the distributions of wealth and income: ...

James Galbraith speaks up against "one of the great misinformation campaigns of all time": "To put things crudely, there are ...

Empirical evidence went against neoclassical economics in the following three cases: Empirical studies and surveys of businessmen found tha...

In comments , an anonymous poster asks: Is the Kaldorian model on industrial and General productivity in an economy applicable in understand...

I find these comments to be anti-intellectual: John Quiggin rejects the Austrian school of economics on the ground that partisans of that s...

Alex M. Thomas has begun a series of posts about Piero Sraffa's work in economics.

1.0 Introduction I think utility theory has a canonical textbook presentation. Many variations seem to exist. In some, the additional struct...

Some mainstream economists claim that unemployment would be less if labor markets were more flexible and less rigid. In a 1998 paper arguing...

I never even heard of the Bank for International Settlements (BIS) before a couple years ago. I am vaguely aware of the Basel accords, whic...

Colin Rogers has a review essay of Geoff Tily's Keynes's General Theory, the Rate of Interest and 'Keynesian' Economics: Key...

Frederick Lee has written a book: A History of Heterodox Economics: Challenging the Mainstream in the Twentieth Century . I don't know i...

Alex Haley used to hang out at the Savoy, a local restraurant in Rome, NY. While writing Roots , he told the owner, "I am writing a bo...

Maybe Phil Mirowski and his more interesting colleagues will be able to pursue their vocation .

The following is from the Question and Answer session for Roger Garrison's recent lecture , "Macroeconomics: The Boom and Bust Cycl...

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 ...