Thoughts On Economics

"It is sometimes suggested that, because in the Walrasian model the existence of heterogeneous capital goods is recognized, Walras'...

I think I would rather have seen this distribution with income distribution, not wealth. Maybe if the distribution was not so extreme, som...

Some conversations I have been following: Unlearning Economics and Daniel Kuehn point out that Hazlitt did not understand Keynes. Jonath...

Figure 1: Rate of Profits Versus Capital Per Worker 1.0 Introduction If you study mainstream economics, you get used to economists makin...

I will not be surprised if my translations are bad. Some Austrian fanboys brought up my name in comments on a blog in French: "You wou...

Recent Books for the Current Conjuncture "One problem is that, following Jevons, I have been discussing goods in isolation... The prob...

Figure 1: Definition of A Poincaré Return Map 1.0 Introduction Poincaré return maps are a useful tool for analyzing the local stability ...

In speculating who will be the Treasury secretary if Mitt Romney wins the presidency, Felix Salmon writes , "[John Taylor and Glenn Hub...

Figure 1: A Business Cycle I have been reporting some results from a bifurcation analysis of a formalization of Kaldor's 1940 model ...

Lars Syll has recently posted about the lack of intellectual engagement of mainstream economists with the later work of Nicholas Georgescu-...

Figure 1: Ascending and Descending I have been presenting some results from an analysis of formalizations of Kaldor's 1940 model of ...

"...the functioning of even the best institutions will always depend, to a considerable degree, on its personnel... Democracy provides ...

Books on my pile include: Katherine Tait, My Father Bertrand Russell (Harcourt, Brace, Jovanovich, 1975). Chris Mooney, The Republican Br...

Figure 1: A Chaotic Attractor in Kaldor's Model of the Business Cycle I might as well post another interim result from my analyses of...

Johnathan Schlefer writes , "There is no invisible hand". He bases his claim on empirical observation and the Sonnenschein-Mantel-...

I think many people, without too much thought, naturally intuit: The system under which they live works fairly well. Somehow, they are be...

Figure 1: A Figure Illustrating Data From A Table In Palley (2012) I have been reading Thomas Palley's new book, From Financial Crisis ...

Figure 1: A Fractal in the Phase Diagram for One Specification of Parameters in the Kaldor Model 1 1.0 Introduction I thought I would tr...

Ursula Le Guin sets her Earthsea trilogy on an imaginary world containing many islands 1 . Nine mages run a world-famous school for wizards ...

Matías Vernengo provides an introduction to the capital controversy. He concludes, like others, including myself, that the neoclassical the...