Thoughts On Economics

Karl Marx wrote a lot about David Ricardo's economics. Here is some of what he had to say in Theories of Surplus Value : Ricardo star...

Two Great Economists 1.0 Introduction Michal Kalecki set out macroeconomic models in which markup pricing was common. Economists i...

A System Block Diagram For A Business Cycle Model I have previously presented a (replication of an) analysis of a discrete-time formaliza...

Table 3: The Perceived Importance of Problems Facing U.S.A. Problem % Wealthy Saying "Very Important" Budget deficits 87 Unempl...

This post notes the existence of the following article: Mitchell Lazarus (May 2013). When Spectrum Auctions Fail , IEEE Spectrum : pp. 33...

I would like to develop a numeric example with: Smooth production functions, and Properties analogous to the ones highlighted in this e...

I probably will not order the first two. But I think their existence is of interest. And I do not currently have access to the third. Nor...

Figure 1: Wage-Rate of Profits Curves and their Frontier 1.0 Introduction This post is a generalization of a neoclassical one-good model ...

Joshua Clover has a great one-page article on Krugman in this week's Nation . I'd like to quote the whole thing. But I'll make...

Figure 1: Coefficients of Production for the Technology 1.0 Introduction This post advances, somewhat, my start at a reconsideration of ...

Lars Syll has written a post , titled "Economics Textbooks - Decades of Scientific Fraud". If you had not already read it, could ...

1.0 Introduction This post summarizes one aspect of a theorem presented and proved by Roy Radner (1980). I have previously expressed skep...

Ratio of the Value of Capital to Labor This post summarizes a numeric example in which at least one country is unambiguously worse off und...

Table 1: Politicians in State Legislatures Ignorant of Strength of Constituent Support for Universal Health Care Table 2: Politicians...

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...