Post-Keynesian

This post is for my use next time I go book shopping. Bellino, Enrico. 2021. Production, Value and Income Distribution: A Classical-Keynesian Approach Butler, Gavan. 2018. Political Economy Now! The Struggle for Alternative Economics at the University of Sydney Cuyvers, Ludo. 2022. Neo-Marxism and Post-Keynesian Economics: From Kalecki to Sraffa and Joan Robinson Pierangelo Garegnani. 2023. Capital Theory, the Surplus Approach, and Effect Demand: An Alternative Framework for the...

Figure 1: Wage Curves and Rent for an Example of Extensive Rent This is basically an introduction to a draft research article. Maybe I have difficulty in justifying paying attention to the type of fluke points I haqve been exploring and in formally defining why they are flukes. In this post, I present a partition of a parameter space associated with an example of extensive rent. It is probably too complicated to replace this example. Anyways, I have constructed a new fluke case. Here a...

[embedded content]Mary Filippo's "My Mis-Education in 3 Graphics"Discussion between Unlearning Economics and Blair Fix An article in Current Affairs on "The death of 'Econ 101'" A symposium in Contributions to Political Economy John Eatwell, Economic Theory and Empirical Evidence Theodore Mariolis and Panagiotos Veltsistas, Zero measure Sraffian economies: new insights from actual input-output tables Jacobo Ferrer Hernándex and Luis Daniel Torres-González, Some recent...

In my study of economics, I have learned a bit about socialism. Writing a book based on this outline is a years-long project. Some parts are not filled out in the outline because I know too much and my thoughts are unorganized (not that you might disagree with my emphasis and story). Others are not filled out because I know too little. I am aware I have spelling mistakes. Some needs to be reorganized. Introduction, Overall Themes Socialists advocate that capitalism be replaced by a...

I am thinking about my work of fluke switch points. Here are some possibilities, some of which are more of a stretch: Bulletin of Political Economy Cahiers D'Économie Politique Cambridge Journal of Economics Capital & Class Challenge Contributions to Political Economy Economic Systems Research Metroeconomica Review of International Political Economy Review of Political Economy Review of Radical Political Economics Science and Society Structural Change and...

[embedded content]Victor Margariño explains labor theory of value to Vaush Marx sets his theory of value within the capitalist (or bourgeois) mode of production: "The wealth of those societies in which the capitalist mode of production prevails, presents itself as 'an immense accumulation of commodities'..." (Marx 2010, first sentence of chapter 1) Feudal societies, with lords and serfs, and classical societies, such as the Roman empire with its slaves, present other modes of...

Exploring perturbations of four examples of fluke switch points provides a brief survey of some aspects of prices of production. The examples arise in, respectively, models of circulating capital, fixed capital, extensive rent, and intensive rent. The reverse substitution of labor, reswitching, and capital reversing, for example, are contrasted with genuine fluke cases. These posts present examples of fluke switch points. Each example is of a fluke case in at least two ways. Either two...

Figure 1: Wage Curves and Rent for an Example of Intensive Rent This post is a rewrite of this. The analysis of the choice of technique, in my previous three posts in this series, has always been based on the construction of a wage-rate of profits frontier. Given a technology in which requirements for use can be satisfied, prices of production for a feasible technique, including the wage, are uniquely determined by the given rate of profits. If the rate of profits is in a range where such...

Figure 1: A Wage Curves and Rent for an Example of Extensive Rent This post is a rewrite of this. It is the third in a series, with the first here and the second here. The analysis of the choice of technique in models of extensive rent can be based on the construction of wage curves, even though the outer envelope does not represent the cost-minimizing technique. The orders of fertility and rentability are emphasized here. The order of fertility is defined for specified techniques, in...

Figure 1: A Wage Frontier With A Fluke Switch Point This post is a rewrite of this, without the attempt to draw a connection to structural economic dynamics. This is the second post in a series, starting with this. A fluke example with fixed capital illustrates the emergence of the reswitching of techniques. Table 1 presents coefficients of production in a perturbation of an example from Schefold (1980). With the first process, workers, under the direction of mangers of firms, manufacture...