Thoughts On Economics

Monday, April 26, 2021

Paul Krugman Ignorant Of The Cambridge Capital Controversy

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Zach Carter has an appreciation of Joan Robinson's work on imperfect competition, with a bit about the role of Cambridge circus in hel...
6 comments:
Wednesday, April 21, 2021

Two Four-Technique Patterns With Markup Pricing

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Figure 1: Wage Curves for the Example 1.0 Introduction The Cambridge Capital Controversy (CCC) applies to models both of competitiv...
2 comments:
Friday, April 16, 2021

Fluke Switch Points in Pure Fixed Capital Systems

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I have a working paper at the Centro Sraffa. Abstract: This article considers structural economic dynamics, in models with fixed ca...
1 comment:
Wednesday, April 14, 2021

Algebraic Geometry

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An Introduction to Algebraic Geometry I have been looking for fluke switch points in certain parameter spaces of coefficients for polynom...
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Saturday, April 03, 2021

Flummery From Robert A. Heinlein

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He had been droning along about 'value,' comparing the Marxist theory with the orthodox 'use' theory. Mr. Dubois had said,...
Saturday, March 27, 2021

Elsewhere

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The Banach-Tarski Paradox The Hahn-Banach theorem is related to how mainstream economics model perfect competition. The video above i...
Saturday, March 20, 2021

The Production Function In A Discrete Technology

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Figure 1: Isoquants For The Production Function 1.0 Introduction I often assume a discrete technology in my demonstrations that wha...
4 comments:
Tuesday, March 16, 2021

Private Truths, Public Lies In Mainstream Economics?

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I sometimes wonder if most mainstream economists think that most of what they were taught, teach, and research are some combination of fals...
5 comments:
Monday, March 08, 2021

Bushwa From Jeffrey Clemens In The Journal of Economic Perspectives

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"The labor supply curve slopes upward, reflecting differences in workers’ reservation wages (as driven by outside opportunities...
2 comments:
Saturday, February 27, 2021

Vienneau (2005) Is A Necessary Resource For Arguments About A Minimum Wage

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Maybe, perhaps, that is a bit hyperbolic. But it has been known for at least half a century that, even in competitive markets, wages and em...
1 comment:
Saturday, February 20, 2021

Neoclassical Economists Being Wrong

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What is neoclassical economics? (This post draws on something I wrote on Usenet more than a decade ago.) I believe I might have introduced ...
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Tuesday, February 02, 2021

Elsewhere

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A start (see links on the left) of advice to a student interested in how to introduce an evolutionary approach into economics. A podc...
Saturday, January 23, 2021

Greg Mankiw Should Try To Make A Honest Living

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A Discussion On The Best (or Worst) Of Mankiw Peter Bofinger has expanded a series of tweets to point out some stuff that is just wrong...
Saturday, January 16, 2021

On The Empirical Verification Of The Cambridge Capital Controversy

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1.0 Introduction My consistent position is that Sraffa and his followers, besides recovering an alternate approach to value and distributi...
Wednesday, January 13, 2021

Books To Make You More Muddled

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I have not read all of these, and you might think I am being unfair with this post title. If you want critiques of post modernism, try the ...
Saturday, January 09, 2021

John Roemer's Reproducible Solution

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Can I adapt Roemer's work, suitably taking into account later work by D'Agata and Zambelli, to found this approach to markup prici...
1 comment:
Thursday, January 07, 2021

23 February 1981: King Juan Carlos Becomes A Spanish National Hero

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I only know about this at the level of a Wikipedia article . Or maybe a short newspaper article . Some of you doubtlessly know more. Some...
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Saturday, January 02, 2021

The Tractor-Corn Model: A Start

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1.0 Introduction In my ROBE article, I consider fluke switch points arising from perturbations of coefficients of production in the Samuel...
1 comment:
Tuesday, December 29, 2020

The Truncation Of The Economic Lives Of Machines

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'Paradoxes' and 'Perversities' Phenomenon Example Region Reswitching 'One good' 5 Schefold reswitching 3 Schefol...
Monday, December 21, 2020

More On Baldone Example

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Figure 1: A Two-Dimensional Pattern Diagram, Enlarged 1.0 Introduction This post further generalizes an example from Salvatore Bald...
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