Thoughts On Economics

I have been trying to read Kartik Athreya's Big Ideas in Macroeconomics: A Nontechnical View . I find it quite dry. So far, it is all t...

1.0 Introduction Piero Sraffa, with his 1926 Economic Journal article on the laws of returns, had a great impact on the emerging field of...

To simplify, the factors of production are land, labor, and capital. The marginal productivity of labor is the extra output produced by an ...

John Scalzi 's Cat Looks At A Hugo Award Suppose you criticize current neoclassical teaching in introductory microeconomics. A def...

Noah Smith writes , "...An audience of academics wouldn't know an Austrian from a Post-Keynesian." So he creates a presentati...

I have updated my paper, On the Loss From Trade , available for download from the Social Science Research Network (SSRN). Changes include: ...

"Curiously, though economists like to intimidate other social scientists with the mathematical rigor of their discipline, most econom...

Robert Solow quotes Greenspan's new book: "'In a free competitive market,' [Greenspan] writes, 'incomes earned ...

Figure 1: An Example of Temporal Dynamics for the Logistic Equation 1.0 Introduction This post illustrates some common properties of t...

I have noticed that the recent history of economics has been impacted by various purges in various prominent economics departments. I think...

I want to remind myself to try to download the following in a couple of weeks: Abstract: Causal interactions within complex systems can ...

1.0 Introduction Every teacher, I guess, of an introductory or intermediate course has a struggle with how to teach material that requires...

Some links: The Post-crash Economics Society Economics students aim to tear up free-market syllabus , by Phillip Inman, in the Guardian ...

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...