Thoughts On Economics

David Henderson tells us: "Then, in my late teens, I started to learn economics. I started to understand that the vast majority of inco...

Maybe many that read old books might find interest the rediscovery of works whose existence was previously unknown or thought to be gone for...

Daniel MacDonald occasionally mentions video games. It turns out some researchers use strategy video games for exploring decision theory ...

An attack by Michael Stutchbury in The Australian . (Even the title is a lie - social democrats are not on the "far left".) John ...

One can find many amusing quotes from such as Frank Hahn and Robert Solow on trends in macroeconomics after Robert Lucas. I get this one sec...

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...