Thoughts On Economics

A Beach On The East End Of Oneida Lake The Iroquois are an example of primitive communism. This post includes lots of anachronisms, ...

No book-length biography of D. G. Champernowne exists, as far as I can see. Even his Wikipedia page is quite terse. Yet he advised and pa...

I have sometimes written retrospectives about my research program. I have been exploring the results of perturbing parameters in models of...

This is more of my commonplace book, based on reading some of Hayek's The Pure Theory of Capital . Hayek rejects Böhm Bawerk's aver...

1.0 Introduction I do not think I have presented an introductory example in a while in which an increased wage is associated with firms w...

Marx, in Theories of Surplus Value , quotes James Stuart writing about 'profit upon alienation'. When one sells a good one owns, on...

A revolution occurred in price theory about two-thirds of a century ago. Several scholars independently developed components of this revolu...

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

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,...

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

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

I have previously repeated some transcriptions from the correspondence Marx and Engels. I tried to concentrate on some formulations from E...

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