Thoughts On Economics

Current Dollars For Millionaires Of Various Eras How much would you need to have today to live like a millionaire in 1920? Over 10 million...

I just want to document here some usages of the phrase, " Neoclassical economics ". I restrict myself to literature in which the ...

I have previously gone on about multiple selves , also known as Faustian agents . I had not considered how an individual manages these selv...

1.0 Introduction Mainstream and non-mainstream economics can be read as sociological categories, defined by what conferences economists at...

One intellectually bankrupt technique to rationalize non-engagement with an argument is to complain that the ones putting forth the argumen...

Who are the greatest economists of, say, the last fifty years? I suggest the shortlist for many academic economists would include Kenneth A...

I have argued before that whether or not economics is a science is an uninteresting question. Rather, one should be concerned with the qua...

I consider this post to be a complement to some recent comments by Lars Syll on this year's Nobel prize. I here outline an (unorigin...

Alex Tabarrok, as I understand it, is an economist in the economics department at George Mason University. Brad DeLong has been famously fe...

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...