Thoughts On Economics

I have been reading Noah Smith, off and on, for years. He has expressed scepticism about the obvious unrealism of macroeconomics, but I hav...

Figure 1: A Wage Frontier 1.0 Introduction This post presents a numberic example of a non-interlocked system with fixed capital ...

Seminar I finally watched Production of Commodities at 60 . Our host and moderator is Matias Vernengo. Seminar participants are Franklin ...

This post presents a limited account of the history of analyzing prices of production with non-uniform rates of profits. I start from dev...

The 2020 "Nobel Prize" in economics goes to Paul Milgrom and Robert Wilson. I suppose it is nice that economists acknowledge that...

Figure 1: Prices of Production 1.0 Introduction This post presents a new kind of fluke case in the analysis of the choice of tech...

This is C27 in Sraffas archives. 97 Fortis Green London N2 Tudor 0214 6th August 1966 Dear Piero, I do not know whether you know...

In 1929, John Maynard Keynes and Hubert D. Henderson wrote, Can Lloyd George Do It? The Pledge Examined . This was published by The Nation ...

In a blog associated with the Frankfurter Allegmeine, Gerald Braunberger criticizes the effects of Sraffian political economy on Italian p...

Figure 1: A Pattern Diagram This post illustrates the numeric example used here . The example is of an economy in which two commod...

I have a working paper . Abstract: This article extends to unequal rates of profits a derivation of prices of production from a lin...

I first became aware of David Graeber as a poster on Usenet back in the 1990s. Many people who have succeeded in this world have no inter...

1.0 Introduction Piero Sraffa wrote down his 'first equations' in 1927, for an economy without a surplus. D3/12/5 starts with thes...

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

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 The article presents previously unpublished material from file D13/12/111 in Sraffa's archives.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

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