Thoughts On Economics

From John Kenneth Galbraith's The Affluent Society (1958), I know that widespread attitude to waged work among some in the United Stat...

Figure 1: A Switch Point On The Wage Frontier with Wage Curves Tangent This post extends the example in my article in Structural Ch...

Figure 1: Switch Points On The Axis For The Rate Of Profits And At r = -100 Percent This is an example of a fluke case in the analy...

Figure 1: Specification of a Market Algorithm 1.0 Introduction This article is heavily based on Bidard (2004). An approach to the...

Figure 1: Real Factor Price Frontier 1.0 Introduction I am planning on posting at an even slower rate for a while. This post cont...

1.0 Introduction This post is about some usages of the phrase "democratic socialism" . 2.0 Democratic Socialists of America (DS...

Some Mathematics Useful In Understanding Classical Political Economy I consider the following to have been well established about half a ...

Maybe this post should be titled "Erratum" or "corrigendum". I have an example in my paper last year in which wage fron...

John Weeks presents Joan Robinson's contributions to the Cambridge Capital Controversy (CCC). A discussion , from 2006, on Daily Kos...

"In fact, the realm of freedom actually begins only where labour which is determined by necessity and mundane considerations ceases; t...

Figure 1: Two Dimensional Pattern Diagram 1.0 Introduction This post extends an example from Bertram Schefold. It presents markup p...

I want to consider contributions to economics after 1870 that reconsidered classical or Marxist economics, used input-output models and lin...

Anwar Shaikh On The Transformation Problem Lots of empirical work shows that prices tend to be proportion to the labor embodied in commod...

Neoliberals are hostile to labor unions and every other institution that would allow the vast majority of the population to have some effec...

I have a new working paper . Abstract: Does the Cambridge equation, in which the rate of profits in a steady state is equal to the quoti...

Figure 1: Real Factor Price Frontier 1.0 Introduction Carlo Milana has proposed a new way of visualizing the choice of technique, ...

"The University [of Chicago] is the best investment I ever made in my life." -- John D. Rockefeller Consider the following peop...

Elizabeth Warren Echoing A View Institutionalists Understand This year, the "Nobel prize" in economics went to Abhijit Banerje...

Figure 1: A Switch Point and a Fake Switch Point on Wage Curves 1.0 Introduction In the analysis of the choice of technique, I typi...

As far as I am concerned, cost-push inflation is a manifestation of class conflict between workers and owners. In the late 1970s, Paul Vol...