Thoughts On Economics

Figure 1: A Wage Curves and Rent for an Example of Extensive Rent This post is a rewrite of this . It is the third in a series, with t...

Figure 1: A Wage Frontier With A Fluke Switch Point This post is a rewrite of this , without the attempt to draw a connection to struc...

Figure 1: A Wage Frontier With Two Fluke Switch Points This post is a rewrite of this , without the attempt to draw a connection to st...

Socialism became a mass movement in many European countries about the time of the heyday of the Second International. Many leaders of these...

1.0 Introduction In a common model, probability theory assigns a number between zero and one to events. But some events cannot be assigned...

1.0 Introduction A question has arisen elsewhere. Why, except for an interlude during the post war golden age, has a nineteenth century or...

An Experiment in Game Theory Game Theory provides a formal treatment of well-specified situations in which the outcome depends on the cho...

William Petty began classical political economy in the 17th century. Classical economics was developed through the work of the physiocrats ...

Anton Pichler, Marco Pangallo, R. Maria del Rio-Chanona, François Lafond, and J. Doyne Farmer have an article Forecasting the propagation...

I have found a common misrepresentation from many, including mainstream economists, is that critics of their models do not understand them ...

Richard Wolff Interviews George DeMartino (About 15:15) George DeMartino's The Tragic Science: How Economists Cause Harm (Even as T...

Empirically, prices are fairly close to proportional to labor values. But that is neither here nor there as far as the correctness of Marx...

I want to write an inadequate appreciation of Saul Kripke , a great analytical philosopher. The Guardian has an obituary . I start from...

Apparently, Lincoln responded to this congratulations from the International Workingmen's Association: Sir, We congratulate the Am...

Here is Jean Jacques Rousseau: "...whether those who command are necessarily better than those who obey, and if strength of body or ...

This is the start of Section 5, "Strikes and combinations of workers", in the second chapter of The Poverty of Philosophy : ...

This post draws attention to the existence of a vast web of existing organizations that, perhaps, operate partly outside and partly inside ...

1.0 Introduction I recently stumbled across McKiernan (2017), an Austrian response to Sraffa's book. This is a weird working paper. He...