Thoughts On Economics

This is another post for my commonplace book. It is extraordinary difficult to get a rational explanation for the marginal revolution. Tr...

Here is a list of books by Marxists that have stood the test of time. I am being impressionistic and probably idiosyncratic. I am more inte...

This post is for my commonplace book. I have been reading Enrico Bellino and Gabriel Brondino's " Circular vs. one-way production...

Figure 1: Hayekian Triangles for The Two Techniques 1.0 Introduction This post is a variation on this one . 2.0 Technology and N...

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. ...