Thoughts On Economics

I have written up my recent explorations in the theory of international trade. Abstract: This article considers a model of internationa...

Howard Reed argues we should rip up textbooks for mainstream economics and start over. (Some of what he says echoes an argument of mine.)...

This post continues a previous numeric example . The firms in each of three countries are assumed to know a technology for producing corn,...

Figure 1: The Production Possibility Frontier, With And Without Trade, In "Germany" 1.0 Introduction I continue to blunde...

Figure 1: The Production Possibility Frontier, With And Without Trade, In "Germany" 1.0 Introduction This post presents a...

A couple of months ago, I read Anthony Trollope's novel, The Way We Live Now . Even though the novel was written and set in England in ...

1.0 Preamble Some mainstream economists defend themselves from criticisms of neoclassical economics by asserting that the mainstream is no...

1.0 Introduction Yoshihara and Kwak (henceforth YK) presented a paper, on Sraffian indeterminacy, at the last annual meeting for the Ameri...

Many - not all - of my recent numerical examples have a certain abstract pattern: At the start of the time under consideration, one techn...

Recurrence Of Techniques Without Switch Points I have built on my previous post in a writeup : Abstract: In certain models of co...

Here are three books I have read: Paul Ormerod (1994). The Death of Economics . St. Marin's Press. Stanley Wong (1978, 2006). Founda...

Figure 1: Switch Points Varying with Time 1.0 Introduction This post presents a perturbation of a fluke switch point. At this switc...

I have been looking at patterns of switch points. A pattern is a configuration of switch points helpful for perturbation analysis for the c...

Figure 1: Variation in Switch Points with the Markup in the Iron Industry 1.0 Introduction I finally use the tools of pattern analy...

Figure 1: The Wage Frontier at a Four-Technique Patterns 1.0 Introduction This post presents another numerical example of one techn...