Thoughts On Economics

Home Depot Sells Consumer Goods 1.0 Introduction The lumber in the above picture may look like an immense accumulation of capital goods...

1.0 Introduction I have been reading From Each According to His Ability: Essays on Karl Marx and Classical Political Economy , by Robert P...

What economists would you expect somebody with a general university education to have heard of? My list is quite short: Adam Smith Karl ...

Figure 1: Paul Krugman And Bill O'Reilly Talk To Tim Russert "My problem was ... to pose the question, 'How is it that at ce...

Empirical Trends in Costs for Computer Systems 1.0 Introduction 1 Over time, the proportion of the cost of computer systems consumed by...

Steve Denning, a writer for Forbes , describes Milton Friedman as being the source of "The world's dumbest idea". (I have wr...

1.0 Introduction This is a current affairs post, usually outside what I blog about. I have found the count in the post title echoed in s...

. 1.0 Introduction This post presents elements of a model of a smoothly reproducing economy, that is, of an economy growing along at ...

1.0 Introduction Perhaps arguments lasting between groups for decades have some underlying issues that are not immediately apparent by loo...

Figure 1: Two Equivalent Block Diagrams for a Linear System 1.0 Introduction I have previously gone on about complex, out-of-equilibr...

Anne Lowrey provides a profile of Warren Mosler and Modern Monetary Theory . I am sitting in my favorite coffee shop, when I open my newsp...

Frances Woolley claims that, nowadays, economics is more empirically grounded and better than it used to be. Edward Fullbrook says that ...

I think the following are fairly typical aspects of a large corporation: Operation of more than one plant. Production of more than one p...

Figure 1: A Market Mediated By Quantity 1.0 Introduction I have been examining John D. Sterman's textbook, Business Dynamics . Ste...

"[The] validity [of the Cambridge Criticism of neoclassical theory] is unquestionable, but its importance is an empirical or an econom...

Noah Smith complains about the supposed overuse of the label. Alex Marsh comments . Matias Vernengo responds . Lars Syll responds , inc...

These have been written by authors who have not acknowledged their authorship. (I have written many of them myself.) John Maynard Keynes ...

A System Block Diagram For A Business Cycle Model In this model of business cycles, two state variables, Y ( t ) and K ( t ), represent ...

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...