Thoughts On Economics

1.0 Introduction Where do prices come from in mainstream economics? As far as I know, some hard questions were raised half a century ago. ...

Figure 1: Variation in the Cost-Minimizing Technique with Selected Coefficient of Production This post reports on some work with Steed...

Ludwig Von Mises expanded his erroneous 1920 essay into a book, Socialism: An Economic and Sociological Analysis . The first edition was ...

1.0 Introduction I would like to illustrate triple switching, in the corn-tractor model , with one of my one-dimensional diagrams . I have...

Louis-Philippe Rochon on Paul Davidson . James Galbraith, Thomas Palley, and Matias Venengo on Paul Davidson . The Economist on Do...

A mistaken theory claims prices convey information about relative scarcities. Friedrich Hayek uses an example of tin. According to this the...

I have demonstrated that Von Mises fails to identify problems with central planning. This post merely documents Von Mises being mistaken. ...

In re-reading Robinson, I often find her succinctly summarizing a theory, often developed later. Here is a quotation from one of my favorit...

The title claim is not surprising. But it occurs to me that it follows from how I model prices of production, given stable relative profit...

1.0 Introduction This post is an update, based on suggestions from a user on reddit. I have explained this before . Suppose one insists so...

1.0 Introduction I have explained this before . Suppose one insists socialism requires central planning. In his 1920 paper, 'Economic ...

I have another working paper , Visualizing variations in the analysis of the choice of technique, at the Centro Sraffa. The abstract f...

1. Introduction Elsewhere on the internet, I have been explaining my understanding of some rudiments of the political economy of Karl Marx...

Automation Of Chinese Ports With automation, many processes for production and distribution now execute with minimal human oversight. How...

"There is in every society or neighbourhood an ordinary or average rate, both of wages and profit, in every different employment of l...

So my computer crashed. I hadn't backed it up in a while. But, even so, my backup failed, too. I am currently paying for some specialis...

Infinite are the arguments of Marxists. This very selective survey needs references. A first difficult is that everybody knows Marx has s...

Overview Paul Davidson took Keynes' General Theory of Employment Interest and Money seriously. The interpretation in mainstream textb...