Thoughts On Economics

Figure 1: Wage Frontier for a Fixed Capital Example This post presents a perturbation of parameters in a 'one good' model of...

You will occasionally come upon supposed refutations of Marx's theory of value that I find just ignorant. One might talk about two dive...

A Temporal Path I have a new working paper . Abstract: This article illustrates the analysis of prices of production with joint...

Edward Nik-Khan and Philip Mirowski in the New Statesman . National Public Radio's Planet Money . I should have a link to some...

Figure 1: Wage Frontier for a Fixed Capital Example 1.0 Introduction I continue to explore the simplest multisector model of the p...

Some of these should have been more impacted: Macroeconomics: Measures of Total Factor Productivity, every model with an aggregate pro...

Figure 1: Factor Wage Curves For Feasible Techniques There are 12 coefficients that can be varied in my minimum multisector model i...

Figure 1: Variation of Choice Of Technique with a Coefficient of Production This post continues the analysis of this example . The c...

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...