Thoughts On Economics

An applet for Marx's schemes of simple and expanded reproduction. Eli Cook, in The American Prospect says mainstream economists ...

I am not a biologist. In this world of 8 billion people, not all are men or women, where a man has XY chromosomes and a woman has XX chromo...

I find certain stories of achievements in mathematics and science intriguing. In some of those I select, much that came before was overthro...

Karl Marx died on 14 March 1883. Less than 15 people attended his funeral, and Engels gave an eulogy . Marxists existed, a century later, ...

Figure 1: The Wage Frontier for a Numeric Example of a Real Wicksell Effect of Zero Theorem: Consider a model of an economy in which ...

The Italian Post Keynesian Seminar on Garegnani The Problem with Jon Stewart interviews Stephanie Kelton and Rohan Grey. Samuel Fl...

Figure 1: The Wage as Functions of Employment by Industry 1.0 Introduction This post repeats a common theme of mine . It builds on a...

Bob Murphy On Infinity Branko Milanovic on The unexpected immortality of Karl Marx . Jesse Walker, in Reason , on It's the end o...

Figure 1: The Wage Frontier for a Numeric Example Theorem: Consider a model of an economy in which n commodities are produced by mea...

A number of years ago, I was in the subway station under Times Square in New York City. I must have looked lost, because this fellow came u...

To the common reader, the distinctions among old Keynesianism, new Keynesian, and Post Keynesianism might seem confusing. You might find th...

Carolina Alves Riccardo Bellofiore Scott Carter Ariel Dvoskin Steve Keen Stephanie Kelton Steve Marglin J. W. Mason ...

Engels had a lot to do with formulating orthodox interpretations of Marx in the period after Marx's death. So it is interesting to see ...

1.0 Summary In A Single Sentence An analysis of structural economic dynamics in post-Sraffian models shows how reswitching and capital-rev...

Mirowski On Markomata In the title of this post, I introduce a new technical term. Consider a Leontief input-output matrix characterizing...

The field of economics shouldn't exist , a video on Tik-Tok. A revived Christian Democracy as a Catholic alternative to neolibera...

Social norms exist about what wages can be expected from various types of jobs. And norms also exist for what the rate of profits or markup...

Figure 1: Variation of the Wage Frontier with Technical Progress I continue to explore perturbations of an example from Antonio D...

Money is a medium of exchange (or means of purchase), a unit of account, and a store of wealth. I think Sraffa (1960) implicitly assumes an...

Figure 1: The Wage Frontier And Rent I continue to explore perturbations of an example from Antonio D'Agata. I have found a new t...