Thoughts On Economics

Quiggin says much in Zombie Economics: How Dead Ideas Still Walk Among Us I agree with. I see no reason, however, to believe that economist...

I have previously described models of agents divided in mind. And I have noted that akrasia is defined as the phenomenon of acting against...

I want to draw a parallelism between monetarism and marxist economics. I do not refer to the attempt by the United States Federal Reserve to...

I thought this short comment was interesting: Figure 1: James Galbraith on Sociology of Economics Provenance is, of course, no guarantee of ...

With the exception of the first two, these links seem more closely related than most I list. I ought to add something about the flash crash....

Some recent resources on Hyman Minsky : Gauti B. Eggertsson and Paul Krugman (2010) "Debt, Deleveraging, and the Liquidity Trap: A Fish...

I find dispiriting the inability of most mainstream economists to discuss economics. Here are some emerging sites: Research Gate has a part...

1.0 Introduction As I have previously blogged , Ian Steedman has a number of articles explaining price theory. These articles typically expl...

Any number of publishers have published series of books over the last couple of decades of interest to heterodox economists. Some are, I thi...

Some time ago, I noted James Galbraith's article, "Who Are These Economists, Anyway?" Galbraith suggests that it might be wor...

1.0 Overview Propertarianism, misleadingly called "libertarianism" by its fans, is a political philosophy. Do any supposedly rigor...

As I understand it, so-called Dynamic Stochastic General Equilibrium (DSGE) models are central to contemporary mainstream macroeconomics. So...

Joseph Stiglitz has an article, "Of the 1%, By the 1%, For the 1%" , in next month's Vanity Fair . In analyzing America's ...

I recently posted about the theory that the money supply is endogenous and under the control of a country's central bank, such as the F...

Steve Keen, in the Australian newspaper The Business Spectator simultaneously praises Paul Krugman for building on Hyman Minsky's work...

Britain suspended convertibility during the Napoleonic wars. During that period, until 1821, money in England was paper, unbacked by gold. T...

I think of David Card and Alan Krueger's empirical demonstration that increased minimum wages do not reduce employment as having two ma...

1.0 Introduction I think the analysis of the choice of technique in a steady state is a settled question. (The meaning of Sraffa's equat...

This is a selection. I always exempt those alive in making such judgements. Jane Marcet Harriet Martineau Rosa Luxemburg Mary Paley Marshall...

Economists' concerns can be expected to change as the world changes. In a serious scholarly discipline, however, such changes in emphasi...