Thoughts On Economics

Figure 1: An Example Of Braess' Paradox Braess' paradox arises in transport economics, a field for applied research in econo...

A Bifurcation Diagram with Two Temporal Paths I have a working paper with the post title. Here's the abstract: This article ill...

A July 24 Jonathan Schlefer article , "Market Parables and the Economics of Populism: When Experts are Wrong, People Revolt", in ...

In Production of Commodities by Means of Commodities , Sraffa writes: "others have from time to time independently taken up points o...

This post, unfortunately, is inspired by current events. Economists can provide guidance on disaster recovery - for example, from earthqu...

Dean Baker has a new book out: Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer . It ...

Figure 1: A Reswitching Example with a Fluke Switch Point 1.0 Introduction A switch point that occurs at a rate of profits of zero ...

Figure 1: A Bifurcation Diagram I have previously illustrated a case in which real Wicksell effects are zero. I wrote this post to ...

I have put up a draft paper with the post title on my SSRN site. Abstract: This note presents two numerical examples, in a model with t...

Figure 1: A Fluke Switch Point 1.0 Introduction A switch point in which the wage curves for two techniques are tangent to one anoth...

Figure 1: A Blowup of a Bifurcation Diagram 1.0 Introduction I have been working on an analysis of structural economic dynamics wi...

This post is inspired by current events "It is not the primacy of economic motives in historical explanation that constitutes the ...

Figure 1: Two Bifurcation Diagrams Horizontally Reflecting 1.0 Introduction This post continues my investigation of structural econ...

Nick Hanauer argues for some policies that postulate: Income distribution is not a matter of supply and demand or any other sort of econ...

Figure 1: Wage Curves 1.0 Introduction This post presents an example of the analysis of the choice of technique in competitive mark...

1.0 Introduction Come October, as I understand it, the Review of Political Economy will publish, in hardcopy, my article The Choice of Te...