Thoughts On Economics

Recently, two bloggers have commented on what is taught in college classes for introduction to economics 1 . Noah Smith accepts simple par...

1.0 Introduction Robert B. Reich has a new book, Saving Capitalism: For the Many, Not the Few out last year. Paul Krugman reviewed it, o...

I have recently read Julie Nelson's 1995 essay in the Journal of Economic Perspectives . She thinks - and this is a well-established id...

Carolyn Kormann has an article, Through the Looking Glass , in this week's New Yorker . This article profiles Manu Prakash, a biophysic...

I try here to outline certain postmodern 1 doctrines that, in a full development, might result in one using obscure terminology. None of t...

John Maynard Keynes' famous saying, " In the long run we are all dead", is from Chapter III of A Tract on Monetary Reform . ...

Herbert Scarf died this 15th of November. I think of Scarf as the economist who first demonstrated that general equilibria need not be sta...

"...I spent the evening walking round the streets, especially in the neighbourhood of Trafalgar Square, noticing cheering crowds, and ...

I have updated my paper , "A Neoclassical Model of Pension Capitalism in Which r > g ". Changes include: Deletion of the cl...

Figure 1: Evolution of Two State Variables along Two Dynamic Equilibrium Paths I continue to explore a micro-founded macroeconomic...

Figure 1: Bifurcation Diagram for Hahn and Solow, Example 1, Generalized I have been writing a draft paper , "A Neoclassical M...

Figure 1: Steady States As Function Of Effective Return On Savings 1.0 Introduction I have previously said I am not thrilled about...

In his editorial in the New York Times this morning (14 September 2015), Paul Krugman writes about Jeremy Corbyn and the British Labour Pa...

Figure 1: Stationary States As Function Of Effective Return On Savings 1.0 Introduction In Chapter 2 of their Critical Essay , Fran...

Paul Romer continues to display his confusion. In reverse chronological order, you can look here , here , here , here , and so on. Also see...

Figure 1: Skilled Labor Hired by Firms per Unit Output 1.0 Introduction This example is from Opocher and Steedman (2015). They pres...

1.0 Introduction A couple of months ago, I read John Locke's Second Treatise of Government . He has a caveat on his theory of property...

Figure 1: Recurrence of Capital-Output Ratio 1.0 Introduction This example is from Arrigo Opocher and Ian Steedman. It illustrates t...