Thoughts On Economics

Some Works By Marx Not Available Until The 20th Century 1.0 Introduction Surprisingly, current understanding, among scholars, of the tho...

Capital-Labor Ratio for a Country Engaged in International Trade I have made a new paper available at my SSRN site. Here is the abstract:...

It seems to me that this echoes part of Steve Keen's point in Debunking Economics and, further, Keen's Physica A paper with Russe...

1.0 Introduction One might study economics because one wants to explore the ruling ideas of the ruling class in our society. The literatur...

Table 1: Comparison of Croce and Mises Croce Mises Subject: Pure economics Praxeology Principle: Economic Principle Human Action Distin...

1.0 Introduction Marx explains returns to capital by his theory of surplus value. For Marx, surplus value arises from the exploitation of ...

1.0 A Harcourt Quotation I think of Geoff Harcourt as being known for, at least: Surveys of the Cambridge Capital Controversies (CCC) Ma...

Figure 1: 2012 Qualified Dividends and Capital Gain Tax Worksheet The tax system in the United States favors income from property, while...

Warning: Lots of navel-gazing in this post. Example of Financial Analysis of Two Methods for Detecting Software Bugs (from Vienneau 1995)...

Figure 1: An Empirically-Constructed Bifurcation Diagram I thought I would try to summarize what I have learned about the qualitative beha...

1.0 Introduction In this post, I raise some questions about how short-period and long-period equilibrium relate. I consider this issue in ...

1.0 Introduction You may have noticed. I am not overly fond of neoclassical economics. But today I thought I would talk about criticisms y...

I suggest the following are distinctive features 1 of Keynes' General Theory : An investment function, independent of savings (as in...

Frank Hahn's 1982 article , "The Neo-Ricardians", in the Cambridge Journal of Economics is important in my understanding of ...

Judea Pearl (1988). Probabilistic Reasoning in Intelligent Systems: Networks of Plausible Inference . Judea is the father of Danny Pearl, t...

This post presents a series of claims, without argument, references, or empirical evidence. Raw materials & agricultural products, com...

I’ve noticed some foolish things said about free trade in the news recently. Yes, Ricardo showed that trade in two goods generates surplus ...

Dean Baker notes problems created by the Cambridge Capital Controversy (CCC) for Krugman's position on capital-intensive technologica...

How might a concern with being up on current fashions in mainstream economics models help perpetuate the current sociology of economics? ...

A steady state is characterized by the economy having a constant rate of growth. I here select a number of expositions of analyses of stead...