Thoughts On Economics

I take the following as given: Contemporary heterodox economists are continuing communities that have been around for generations in leadi...

Adam Smith and David Ricardo exemplify classical economics. Economists lost and forgot many good ideas in classical economics with the adve...

I am unsympathetic with this view: "[Marxists] seem to talk in a dense jargon that (presumably) requires years of Marxist study to com...

"Unlearning Economics" has been posting on Steve Keen's Debunking Economics: The Naked Emperor Dethroned? The second editi...

"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...