Thoughts On Economics

1.0 Introduction This post contains some musing on corporate finance and its relation to the theory of production. 2.0 Investments, the N...

Beatrice Cherrier suggests that Paul Samuelson originated the term "mainstream economics", in his textbook. ( h/t I think I fou...

Figure 1: Perversity and Non-Perversity in the Labor Market Varying with the Rate of Growth 1.0 Introduction I have been considerin...

This post calls attention to A Little History of Economics , by Niall Kishtainy. Since I only skimmed this in a local bookstore, this post ...

Over on EconSpeak, Bruce Wilder provides some comments on a post. He notes that economists wanting to criticize glib free-market ideology...

Figure 1: Rates of Profits for Switch Points for Differential Rates of Profits 1.0 Introduction Suppose one knows the technology av...

Figure 1: Rates of Profits for Switch Points in One Dimension in Parameter Space 1.0 Introduction This post presents an example of ...

A commentator informs me that the True Levelers revived some ideas put forth in the Peasants Revolt. Another commentator points me to Na...

Figure 1: The Choice of Technique in a Model with Four Techniques 1.0 Introduction I think I may have an original criticism of (a g...

Figure 1: Rates of Profits for Beta Technique I have previously considered all roots of a polynomial equation for the rate of profit...

Bill Black has one here , emphasizing Arrow's impossibility theorem. The blog, A Fine Theorem, has two of a planned four-part series. Th...

The Roots of a Cubic Polynomial Defining Switch Points I have a draft paper up at SSRN. The abstract: This paper illustrates, thr...

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...