Thoughts On Economics

Figure 1: Structural Economic Dynamics of the Price of a New Machine I am not sure that there is any great insight here. But this post...

Does Learning How To Think In Coding Transfer More Generally? Another YouTube Video in the above series. I suspect some of us are not ...

Over years, I have considered how Marx continues and differs from classical political economy. I have also documented some foreshadowing...

Figure 1: Variation of Switch Points with Technological Progress in Industry This post is an expansion on this post . Technological ...

On Another Topic, with an Appearance by Rutger Bregman. This post does not answer the question, but merely provides a bibliography. I hav...

This is another letter in a series I have been transcribing in which Marx discusses Capital . In this letter, he says one of the two bes...

Figure 1: A Part of the Parameter Space 1.0 Introduction This post presents a perturbation of an example from Salvatore Baldone . It...

An old puzzle is why do those who build on Leontief's empirical work not make more of Sraffa? And why do those who build on Sraffa'...

The strongest argument against socialism, understood as entailing central planning, comes from Enrico Barone . Von Mises popularized this a...

Suppose one rejects the labor theory of value as a theory of prices. Or, even more, one could reject Marx's theory of value in volume 1...

This is another letter in a series I have been transcribing in which Marx explains his theory to Engels. In 1867, he was going through th...

I find that I summarized the Ellsberg paradox back in 2009. I have also commented on who in the United States was prosecuted for leaking ...

Isabella Weber's Sellers' inflation, profits and conflict: why can large firms hike prices in an emergency? , in the Review of Ke...

Figure 1: Prices of Corn and Ale in an Iterative Process 1.0 Introduction Anwar Shaikh proposed, sometime in the 1970s, I guess, an i...

Is historical materialism a deterministic theory? Must all societies (in particular, Russia) go through the same stages, including feudalis...

Here Marx sets out the transformation problem in a letter to Engels. The first volume of Capital was published in 1967. So this is another...