Thoughts On Economics

Don Harris is a Stanford economist. Apparently, this post is on current events. His daughter, Kamala Harris is the junior senator from Ca...

Some articles: Josh Barro , in New York Magazine . Noah Smith , in Bloomberg . Linette Lopez , in Business Insider . Michael Strain , ...

1.0 Introduction This post is fairly stream of consciousness. It is a bit more about how many find me odd. I have previously mentioned ,...

1.0 Introduction Consider typical Linear Programs (LPs) for formulating the theory of firm in classical and neoclassical economics. I clai...

This post raises a question. Supposedly, the classical concept of prices of production with non-uniform rates of profits can be recast as a...

Frederick Douglass was an escaped slave, a great abolitionist orator, and generally a great American. Not too long ago, I read one o...

Figure 1: Intercepts of Production Possibilities Frontiers for England 1.0 Introduction In this example, gains and losses from trad...

Figure 1: Production Possibility Frontiers 1.0 Introduction Suppose foreign trade is possible in consumption goods, but not in capi...

Matthew Klein writes , in Barron's , about "Tarrifs and the Minimum Wage Are More Alike Than You Think". I disagree with some...

Figure 1: Production Possibility Frontiers 1.0 Introduction This post presents a numeric example of foreign trade in a model of the...

I have made a working paper with the above title available on SSRN. Abstract: This article illustrates the application of pattern analy...

I have made available a working paper with the post title. Abstract: This article presents an example in which perturbations in relati...

Mariana Mazzucato's The Value of Everything: Making and Taking in the Global Economy is a popular book. She argues that we should chan...

Figure 1: A Two-Dimensional Pattern Diagram 1.0 Introduction This post continues this example of the application of pattern analys...

Figure 1: A Pattern Diagram 1.0 Introduction In this example, I perturb parameters in an example of Bertram Schefold's. I was d...

Figure 1: A Partition of Price-Wage Space for a Two-Commodity Reswitching Example 1.0 Introduction This post generalizes my approac...