Thoughts On Economics

Monday, April 29, 2024

Elsewhere

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Prof. Rowena Ball teaches a course on indigenous mathematics at Australian National University. Prof. Caroline Fohlin , an economi...
Saturday, April 27, 2024

Marxian Political Economy As Forward-Looking

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Every child knows a nation which ceased to work, I will not say for a year, but even for a few weeks, would perish. Every child knows, too,...
3 comments:
Thursday, April 25, 2024

Austrian School Claims About The Period Of Production And Capital

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1.0 Introduction Economists of the Austrian school generally retain some concept that lower interest rates incentivize capitalists or entr...
Monday, April 22, 2024

A Perverse Switch Point For Neoclassical Economics, Non-Perverse For Austrians

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Figure 1: The Wage-Rate of Profits Frontier 1.0 Introduction This post completes a demonstration that the economic life of a machine...
Friday, April 19, 2024

A Letter From Marx To Engels In 1858 Outlining His Critique Of Political Economy

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I have previously repeated some transcriptions from the correspondence Marx and Engels. I tried to concentrate on some formulations from E...
Saturday, April 13, 2024

The Fundamental Sraffian Theorem

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1.0 Introduction I have been reading Robin Hahnel. Hahnel argues even more strongly than Steedman did that labor values are redundant. And...
Saturday, April 06, 2024

Keynes And Robinson On Supposed Self-Regulating Markets

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Here is John Maynard Keynes in 1926: "Let us clear from the ground the metaphysical or general principles upon which, from time to ...
Thursday, April 04, 2024

A History Of Production Processes In Volume 1 Of Capital

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1.0 Introduction I have written many posts on formal results related to my favorite interpretations of the theory of value and distribu...
Tuesday, March 26, 2024

Perverse Switch Point For Austrian Economics

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Figure 1: The Wage-Rate of Profits Frontier This post continues a series of posts demonstrating that the change in the economic life...
Saturday, March 23, 2024

Keynes And Marx

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1.0 Introduction John Maynard Keynes had some amusing jibes against Marx, but does not provide any substantial argument against the theory...
2 comments:
Tuesday, March 19, 2024

Traditional And 'Perverse' Switch Points For Austrian And Neoclassical Economics

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Figure 1: The Wage-Rate of Profits Frontier 1.0 Introduction This is one in a series of posts demonstrating that the change in the e...
Saturday, March 16, 2024

Elsewhere

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Matt McManus on Thomas Sowell . A review of Adam Shatz's biography of Frantz Fanon. Nathan Robinson interviews Kohei Saito on...
Monday, March 11, 2024

To Do: Perverse Switch Points And The Economic Life Of A Machine

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Table 1: Lower Rate of Profits Around A Switch Point Traditional Marginalist Story 'Perverse' Marginalist Story Traditional Austri...
Wednesday, March 06, 2024

New Interpretations Of Marx

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This post is basically complaining that I cannot keep up. I think I am fairly informed on Karl Marx. I do not read German, and I have not...
4 comments:
Saturday, March 02, 2024

Labor Values And Invariants

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1.0 Introduction This post is an attempt to work through some linear algebra that some have used to understand Karl Marx's Capital . I...
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