Thoughts On Economics

Paul Heideman reviews , for Jacobin , Philip Mirowski's book, Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Fi...

A Reproduction Scheme (Based on Biddard 1990) 1.0 Introduction One way of reading the Cambridge Capital Controversy (CCC) is an inte...

John Weeks' book, Economics of the 1%: How Mainstream Economics Serves the Rich, Obscures Reality and Distorts Policy (Verso, 2014) is...

Here are some ways of classifying capital. This post does not talk much about profit on alienation (buying low, selling high). Nor does...

Some economists sometimes say that neoclassical economics will be abandoned when a better theory is available. And they use this as an excu...

Profits by Selected Industry as Percent of Total Profits in the United States The data for the graph are taken from Use tables for the ...

Some brief observations: Simon Wren-Lewis is asked to define K . His answer : "It is normally K ( t ) = δ K ( t - 1) + I ( t )....

Table 1: Components, As Percentage Of GDP I thought I'd expand on a recent graph . I was curious to see how state and federal gover...

Consider: "...there is a crucial distinction between financial capital and capital goods ." "Interest is not the return ...

Some publishers have made it easy to get an overview of currently existing paradigms in economics, including non-neoclassical paradigms: ...

I have not even started to read Thomas Piketty's Capital in the Twenty-First Century , but I have heard of Piketty as compared to Marx....

I thought that Krugman had a post about Paul Ryan stating, incorrectly, that Obama had increased the size of the government. And he won...

Figure 1: Distribution for Mixture Distribution 1.0 Introduction What is the probability that the Dow Jones Industrial Average (DJIA) ...

I have been reading a book, edited by Gavin Kitching and Nigel Pleasants, comparing and contrasting Ludwig Wittgenstein and Karl Marx. This...

I finally finished Kartik Athreya's book, Big Ideas in Economics: A Nontechnical View . I have already offered two comments on it. I ...

I want to highlight the similarity in conclusions in Mirowski's recent book and Reed's controversial essay (see references below). ...

I continue to read Kartik Athreya's supposedly popular account of contemporary macroeconomics. Today I focus on the misleading present...

The following is reproduced from "An Essay on Post-Keynesian Theory: A New Paradigm in Economics", Al Eichner and Jan Kregel'...

In this passage, Roxana is preparing to move from Paris to Amsterdam. She liquidates her possessions, and uses jewelry and bills of exchang...