Thoughts On Economics

Figure 1: Specialization In A Single Country 1.0 Introduction This post considers how the firms in a small open economy will specia...

Hilary Putnam has long argued that facts and values, or ends and means, cannot be neatly separated. In 1981 he proposed a thought experime...

Today is the 200th birthday of Karl Marx. My favorite school of thought in economics is sometimes called Neo-Ricardianism, instead of Sra...

The Financial Times is having a debate about whether economics has failed. The first interchange is here , with some followups here . (I h...

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...