Thoughts On Economics

For a number of decades, Arrigo Opocher and Ian Steedman have been developing arguments that apply the CCC to industries and even individua...

Or, rather, I classify economists into two kinds on each of three dimensions (Table 1). Table 1: Classifications For Economists Emphasis ...

My article with the post title is now available at the Review of Behavioral Economics . The abstract follows: Abstract: The choic...

Maeve Cohen, the director of Rethinking Economics, notes the absurdism of undergraduate economics teaching, even after the Global Financia...

I present four claims about Marx's Capital . I strive for topics more general than, for example, squabbles about the transformation pro...

1.0 Introduction This post presents a model of a steady state with a constant rate of growth in which: Total wages and total profits gro...

Despite the label at the bottom of this post, this is not really a profile of Amin. I happen to have started reading Modern Imperialism, Mo...

Apparently, a character in a current movie, Crazy Rich Asians is an economist. Dan Kopf considers whether she is a good economist. In a ...

1.0 Introduction In explaining the policy implications of the Austrian Business Cycle Theory, Hayek argued that the central bank should tr...

1.0 Introduction This is some well-established mathematics. I do not know of any use in economics. 2.0 The Field of Real Numbers I star...

Whether or not the government should intervene in the economy is a false choice . Government and the economy are not two separate and non-i...

A Switch-Point Perturbation Diagram I have a new working paper at SSRN. Abstract: This article presents an analysis based on a c...

I guess this is a post on current events in the United States. Some articles I have recently found interesting are: Sean Wilentz defends...

I have written up this result here Abstract: Paul A. Samuelson extends the Ricardian theory of foreign trade to a model of small open e...

Figure 1: PPFs in Portugal 1.0 Introduction This post continues these two posts . I change the model here to have wages advanced, ...

Figure 1: Rates Of Profits for Specialization in Consumer Goods 1.0 Introduction This post is a continuation of this example. How ...

1.0 Introduction This post deals with a set of ideas that I find appealing, but contradictory. I know I do not fully understand many of th...

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