Thoughts On Economics

Paul Kengor's The Devil and Karl Marx: Communism's Long March of Death, Deception, and Infiltration is a stupid and ignorant book....

1.0 Introduction I resolutely am not commenting on unhappy current events. Smith and Ricardo thought a (simple) LTV was not applicable t...

Hayek introduced his triangles in his lectures for his book Prices and Production . The first edition was in 1931 and the second in 1935. H...

Samuel Bowles on how "Marx’s representation of the power relationship between capital and labour in the firm is an essential insigh...

Figure 1: Wage Curves for the Two Techniques 1.0 Introduction Economists following the Austrian school often represent the structure ...

The following are the first three paragraphs of the introduction to the Wealth of Nations : "The annual labor of every nation is th...

This is more for my commonplace book. The first two quotations are part of a symposium with Morishima and Samuelson: "This paper ...

Many of my examples illustrate simple structures of production for models in which commodities are produced with commodities. Economists fo...

This is for my commonplace book. "It is true that some lengthy or roundabout processes are physically efficient. But so are some sh...

I have expressed an appreciation before of the section in Capital on commodity fetishism. Perhaps this section stands up to a critique o...

1.0 Introduction This post illustrates a derivation of prices of production, based on certain properties of duality theory as applied to l...

I picked up the novel that the following quotation is from because I think I recall Kress participating in conversations on Usenet years ag...

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 ...