Thoughts On Economics

Stephen Williamson quotes Narayana Kocherlakota, apparently a very stupid person: "Kocherlakota says this...: 'But over the long ru...

1.0 Introduction Apparently, some have been discussing whether the gross increased inequality in the USA is connected with the depressiona...

Ingredients 4 Tablespoons butter 1 #2 can sliced apples or 2 1/2 cups fresh apple 1/8 teaspoon salt 1/4 cup sugar Cinnamon to taste 1) Peel...

... seems often to me to be the main point of many mainstream economists these days. I deliberately don't write, "Why you should li...

Jeffrey Miron teaches EC1017 at Harvard. "A Libertarian Perspective on Economic and Social Policy" is the course title, and PDFs...

I had associated the title of this post with the 17th century and the period of the English Civil War. I think it occurs somewhere in Christ...

1.0 Introduction This is mathematics, not economics. It is meant to be an introduction to how abstract mathematicians can be. 2.0 Some Defin...

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...

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"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 ...

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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 ...