Monday, June 29, 2009


I have added the blog of some economists at the University of Missouri-Kansas City to my blogroll. That blog is more policy-oriented than this. Bill Mitchell blogs from Australia, also more about policy than I do. Grupo Lujan-Circus seems like a blog of interest to me, but I can read only the names. The same remark applies to the blog of the Italian Association for the History of Political Economy.

Occasionally I stumble across curious articles in Wikipedia. The one on Surplus economics references Paul Baron and Paul Sweezy. It doesn't describe their ideas very well, and could do with some reference to Sraffa too. The entry on Newtonian time in economics seems to have been written by Austrian fanboys who, typically, know about neither Joan Robinson's distinction between logical and historical time nor Paul Davidson's attack on the Austrian school.


Ian Wright said...

Wow, that wikipedia article on "Newtonian time" is really dumb.

Is the Austrian distaste for mathematics a deeply instinctual bourgeois reaction to the presentiment of the ultimate implications of progress in economic science?

Anonymous said...

Talk of mathematics reminded me of this Rothbard review, of Man, Economy, and State by D. N. Winch (The Economic Journal, Vol. 74, No. 294, pp. 480-482):

"Professor Rothbard takes the reader slowly and painfully through the economics of exchange, consumption and production as conceived by the Austrian school by means of bucolic arithmetical examples . . . Professor Rothbard's denial of the possibility of empirical testing for some reason does not prevent him from making empirical statements. His distrust of mathematics, however, seems to be well founded to judge from the diagram on p. 644."

"It would appear that Professor Rothbard's book is more akin to systematic theology than economics, and while it may console the faithful, it will hardly swell their number; its real interest belongs to the student of the sociology of religion."

Not that hard to disagree with that conclusion...

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