Thoughts On Economics

Martin Gardner once received a letter referring to "an Oneida -like community near Stroud, in Gloucestershire". The topic of the ...

I find amusing the political slogan with which I title this post. We want the engineers to do their job in applying control theory to steppi...

Ingredients 1/4 cup sugar 1/3 cup shortening 1 beated egg 1 cup sour milk 1 teaspoon baking soda 1 teaspoon baking powder 1 cup flour 1 1/2 ...

"One of the embarrassing dirty little secrets of economics is that there is no such thing as economic theory properly so-called. There ...

Jacob T. Schwartz was a mathematician at the Courant Institute of Mathematical Sciences at New York University. He once gave a series of ...

1.0 Introduction This post presents an example of a model of structural economic dynamics. I consider what quantity flows would arise for an...

I continue to find writers characterizing Austrian school economists as influential. I think some might quarrel with this description of the...

Bill Mitchell says : "The mainstream economists hide behind lies. Most of the time they claim their policy recommendations are derived ...

Ingredients 3 Tbsps olive oil 1 sliced onion 2 sliced (green & red?) peppers 1 lb sandwich steak 1/2 tsp. salt 1/4 tsp. black pepper 3 T...

The United States House of Representatives has a Committee on Science and Technology, with a Subcommittee on Investigations and Oversight. O...

"Less World! More Bank!" I have been reading Phil Edwards' 'More Work! Less Pay!' Rebellion and Repression in Italy, ...

Why so much inequality in the United States? I have been reading Hacker and Pierson (2010). (I haven't yet read the commentaries , avail...

Cosma Shalizi states a simple ergodic theorem . Cosma Shalizi reviews Yves Smith's Econned: How Unenlightened Self-Interest Undermined ...

I think the following three events, at least, were important in the development of the post (second world)-war model of development: The 194...

I think some with some exposure to economics might not be impressed by the Cambridge Capital Controversy because of the abstractness of capi...

Today the 50-year anniversary of the publication of Piero Sraffa's The Production of Commodities by Means of Commodities is being celeb...

How many of you have worked through Paul Lafarge ’s The Right To Be Lazy ? Isn’t that against the spirit of the piece?

A Strange Attractor Arises From The Lorenz Equations I think reswitching, capital reversing, and Sraffa effects may be the source of both dy...

I still hope to publish my critique of Austrian business cycle theory ( most recent public version ). In my introduction, I need to answer t...

The Saint Louis Fed provides the following document: Hyman P. Minsky "Financial Instability Revisited: The Economics of Disaster" ...