Thoughts On Economics

Around 1940, the Austrian school of economics collapsed. Who did most to propagate the Austrian school in the interval between this collapse...

Robert P. Murphy has provided electronic access to his article, "Multiple Interest Rates and Austrian Business Cycle Theory" . Mu...

I don't see why some people are so willing to talk about the "Overton Window". Another theory is available to discuss how and ...

1.0 Introduction I have previously discussed Sraffa's review of Prices and Production , Hayek's reply, and Sraffa's rejoinder. ...

The Temporal Single System Interpretation (TSSI) is a reading of Marx in which Marx's theory of value, including his approach to the tra...

Tom Walker mentions Paul Lafargue The Right to be Lazy . I started reading this book months ago and did not get much further than the desc...

In the influential Value and Capital: An Inquiry Into Some Fundamental Principles of Economic Theory (2nd edition, Oxford, 1946), J. R. Hic...

"Robert Nozick has a unique place in the annals of rational choice theory: he refuted it." -- Ian Hacking (1994) My reaction, whe...

I stumbled upon this idea recently. Not that I've ever physically seen such a market.

Alejandro Nadal asks , "Whatever happened to stability analyisis?" ( h/t: Brad DeLong ). A blogger with the pseudonym of "L...

I have stumbled across a commentator, Tim Bending, at Open Democracy has been explaining some practical implications of Post Keynesianism. I...

A reminder to my self - the following article belongs on this list . Mariolis, Theodore and George Soklis (2011) "On Constructing Numer...

A theme of this blog is the incorrectness of the neoclassical textbook description of how agents choose. The assumptions of this view can b...

1.0 Introduction "Is Von Neumann Square?" is one of my favorite titles for an article in economics 1 . This post is about a case ...

In my critique of Austrian Business Cycle Theory, I cite some critiques of the Austrian school. Hill (2004) and Gloria-Palermo & Palerm...

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....