Thoughts On Economics

Thursday, September 09, 2021

Mark Twain On The Wages Of Whiteness

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In Mark Twain's novels, Huckleberry Finn is just a kid in what you might think is the most despised group in society. His mother ran aw...
Saturday, September 04, 2021

The Four Circuits Of Capital

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The Four Circuits of Capital Marx describes three circuits of capital in the opening chapters of Volume 2 of Capital . But when I dra...
Saturday, August 28, 2021

How To Find Fluke Switch Points

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Figure 1: Convergence to a Pattern of Switch Points over the Axis for the Rate of Profits 1.0 Introduction This post illustrates how ...
Friday, August 20, 2021

Ben Franklin, Proto Marxist

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Ben Franklin was one the founding fathers of the United States. He participated in the constitutional convention. He was the first Postmast...
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Saturday, August 14, 2021

An Intensive Rent Example From Freni

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Figure 1: A Pattern Diagram 1.0 Introduction Aside, perhaps from the above visualization, nothing novel is presented in this post. It...
1 comment:
Saturday, August 07, 2021

Elsewhere

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John Eatwell On The Bomb Sraffa Planted At The Foundations Of Economics James Galbraith on Dismal Economics , reviewing books by Mason ...
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Saturday, July 31, 2021

What Is Socially Necessary Abstract Labor Time?

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To me, this is an easy question. SNALT, for a capitalist economy, is: L = a 0 ( I - A ) -1 y The notation is from Luigi Pasinetti...
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Friday, July 23, 2021

Extensive Rent For A Reswitching Example

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Figure 1: Wage Curves and Rent 1.0 Introduction I might as well illustrate an example with extensive rent and reswitching. I find i...
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Saturday, July 10, 2021

Some Difficulties In Reading Marx

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"Let us take the process of circulation in a form under which it presents itself as a simple and direct exchange of commodities. This ...
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Saturday, July 03, 2021

Structural Dynamics With Extensive Rent

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Figure 1: Variation in Switch Points with Time 1.0 Introduction This post continues my effort to understand how fluke cases can part...
Saturday, June 26, 2021

Background Needed For Debates On The Labor Theory Of Value Versus Marginalism

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A Propertarian Getting The Better Of The Wrong Side Of The Argument I have been looking at some debates on YouTube. Not only is there a c...
Saturday, June 19, 2021

On My Research Program

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"I know not how I may seem to the world, but as to myself I seem to have been only like a boy playing on the sea-shore and diverting m...
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Thursday, June 17, 2021

Fluke Cases for the Order of Fertility

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Figure 1: Wage Curves for Fluke Case for r -Order of Fertility 1.0 Introduction This post illustrates two fluke cases that can arise ...
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Monday, June 14, 2021

Engels to Sombart in 1895

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This transcription is taken from here . Dear Sir: Replying to your note of the 14th of last month, may I thank you for your kindness...
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