Thoughts On Economics

Figure 1: The Musa-Okumoto Model Fit To Failure Data 1.0 Introduction I was partly inspired for this post by a dispute between Matheus ...

Notice the point about the need in neoclassical theory to assume that preferences satisfy Gorman's assumptions of identical and homothe...

A Simple Keynes-Like Model 1.0 Introduction I want to comment on an ideology that would lead to an acceptance of: Milton Friedman...

Seth Ackerman and Mike Beggs have an interesting article in Jacobin . They note: Marginalist economics arose as a reaction against the a...

If I amend my paper, I might want to say something about: Bajona, Claustre and Timothy J. Kehoe (2006). Demographics in Dynamic Heckscher...

The New York Times , even outside of their editorial pages, seems to think their readership should know about the non-mainstream economists...

Overlapping Generations 1.0 Introduction The theory of comparative advantage does not justify free trade in consumer goods. The mainstr...

Alex Rosenberg writes on Free Markets and the Myth of Earned Inequalities . What should we think of this essay? Philosophers of science, ...

Elsewhere, on Ronald Coase: An obituary in the New York Times . John Cassidy offers an appreciation . Mike Konczal explains that Coas...

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 ...