Thoughts On Economics

We are on, maybe, the third generations of Sraffians. An annoyance and a delight of publicly taking up a topic is that one must continually...

Figure 1: The Choice of Technique in a Model with Four Techniques 1.0 Introduction I often present examples of the choice of techni...

1.0 Introduction Suppose barriers to entry exist in an economy. Entrepreneurs and capitalists find that they cannot freely enter or exit s...

Figure 1: The Choice of Technique in a Model with One Commodity 1.0 Introduction This post presents a reswitching example in a one-...

Over at the Institute for New Economic Theory (INET), Ajit Sinha discusses the Sraffian revolution. Scott Carter cautions that, in inter...

Figure 1: The Choice of Technique in a Model with One Switch Point 1.0 Introduction This post presents an example in which vertical...

Figure 1: Aggregate Production Function 1.0 Introduction This long post presents an analysis of the choice of technique in a three-...

I've rewritten my analysis of the application of multiple interest rate analysis to models of the production of commodities by means of...

Figure 1: Wage-Rate of Profits Curve for Two Techniques 1.0 Introduction In this post, I consider a perturbation of the data on tec...

I should have put the following in my working paper , on Basic Commodities and Multiple Interest Rate Analysis . This would go somewhere af...

I have a new working paper on the Social Science Research Network: Abstract: This paper considers the application of multiple interest ra...

Figure 1: Three Trinomials 1.0 Introduction Typically, in calculating the Internal Rate of Return (IRR), a polynomial function arise...