April 1, 2014

Objective principles of economics {57}

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Working paper at SSRN Abstract   Economists have the habit of solving the wrong problem. They speculate circumstantially about the behavio...
March 25, 2014

Profit for Marxists {56}

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Working paper at SSRN Abstract  Marxian economics and standard economics are widely different yet they share a central weakness: the resp...
March 12, 2014

The truly General Theory of Employment: how Keynes could have succeeded {55}

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Working paper at SSRN Abstract  There is not much use to attack standard economics because deep in his heart the representative economist...
February 23, 2014

The logic of value and the value of logic {54}

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Working paper at SSRN Abstract  Jevons composed his value theory of nonentities. These creatures are elusive. Subsequent formal refinemen...
February 8, 2014

Mr. Keynes, Prof. Krugman, IS-LM, and the end of economics as we know it {53}

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Working Paper at SSRN Abstract   Krugman has recently revitalized IS-LM with a number of succinct analytical pieces on his blog. The rever...
February 3, 2014

Loanable funds vs endogenous money: Krugman is wrong, Keen is right {52}

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Working paper at SSRN Abstract   In his recent article, Keen resumes the debate with Krugman about the effects of debt upon the economy. I...
February 2, 2014

Nominal and real distribution

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Comment on 'Pareto-efficiency, Hayek’s marvel, and the invisible executor' Blog-Reference The crucial point is this. General equ...