Thoughts On Economics

Sunday, August 30, 2020

Stephen Gordon And Alex Tabarrok Being Stupid On Twitter

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Paul Graham jokingly asks, "What phrase signals that the person using it doesn't understand your field?" Stephen Gordon and ...
Saturday, August 29, 2020

Unpublished Reviews of Sraffa's Book and Related Matters

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I have a new working paper . The article presents previously unpublished material from file D13/12/111 in Sraffa's archives. In parti...
Tuesday, August 25, 2020

2 = +2 = 2/1 = 2.0 = 2.0 + j x 0.0?

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"Typically 2 the integer is used for counting, whereas 2 the real number is used for measuring. But in higher mathematics there...
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Saturday, August 22, 2020

Elsewhere

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These seem to be resources for providing the student with an overview of schools of thought, fields, and the history of economics. Explor...
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Saturday, August 15, 2020

Maybe I Should Order One Of These Books

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Zach Carter's The Price of Peace: Money, Democracy, amd the Life of John Maynard Keynes . James Crotty's Keynes Against Capit...
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Tuesday, August 11, 2020

2 + 2 = 5

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"One must be able to say at all times - instead of points, straight lines, and planes -- tables, chairs, and beer mugs." -- Dav...
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Saturday, August 08, 2020

"So two and two now make five?"

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... If you speak of a revolution in mathematics, you are likely to be treated to the ironic response, "Oh, so two and two now make...
Thursday, August 06, 2020

Nicholas Georgescu-Roegen On Mathematical Methods In Economic Science

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I have long been convinced that many mainstream economists, however they performed under hazing, do not understand mathematics. "T. ...
Tuesday, August 04, 2020

Gautam Mathur Introduces Edward Nell To Piero Sraffa

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I have been exploring Sraffa's correspondence after the publication of his book. Here is a letter dated June 18, 1962, from Mathur to S...
Saturday, August 01, 2020

Jonathan Nitzan On The Factual And Logical Invalidity Of Neoclassical Economics

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Neoclassical Political Economy You may have seen the above overly polite video. I have not done this in a while, even before the pandem...
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Saturday, July 25, 2020

Why Do Mainstream Economists Not Make More Out Of The CCC?

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Marx is mostly right. That is the conclusion one should draw from capital theory. But honestly understanding how we are fed, clothed, and...
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Friday, July 17, 2020

Marx's Theory Of Value Is Consistent With And More General Than Marginalist Economics

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1.0 Introduction One inspiration for this post is stumbling across this abstract 2.0 Marx Start with labor coefficients and a Leontief...
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Thursday, July 16, 2020

Where Can I Read Correspondence Between Robinson And Sraffa?

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I have been looking at Sraffa's archives . Scott Carter was responsible for putting them online, as I understand it. Anyways, I know so...
Friday, July 03, 2020

A Fixed Capital System That Is Or Is Not Interlocked

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I have defined patterns of switch points in considering perturbations of examples of the choice of technique. For example, I have defined t...
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Saturday, June 27, 2020

A Bowles Taxonomy For Economists

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Katzner, Bowles, and Resnick on UMass Amherst Shortly after about 32:30 minutes, Sam Bowles, to laughter, draws a Venn diagram on the boa...
Sunday, June 21, 2020

Economics Of Race And Other Economics For Others

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Do economists have anything to say about racism in the United States? Some do. The Review of Black Political Economy , for example, exists....
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Monday, June 15, 2020

Some Positions Some Take On Sraffa's Book

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This post lists some views on Production of Commodities by Means of Commodities: A Prelude to a Critique of Economic Theory . The quantit...
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Saturday, June 13, 2020

A John Eatwell Lecture

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John Eatwell On Why Economists Disagee I like the above lecture by John Eatwell. He concludes by talking about the partial equilibrium mo...
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Tuesday, June 09, 2020

A Letter To Sraffa Long Before Google

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At this time, the book had long ago been published by Cambridge University Press. I suppose I ought to review whatever conditions exist on ...
Tuesday, June 02, 2020

Extracts From LBJ Announcement Of The Appointment Of The Kerner Commission

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My fellow Americans: We have endured a week such as no Nation should live through: a time of violence and tragedy. For a few minutes t...
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