Why not all economists like yours truly Yesterday, one of my economics students amused herself by asking a famous AI chatbot “Why not all economists like Lars Syll” and got this — I guess pretty accurate — response … Professor Lars Pålsson Syll is a vocal critic of mainstream economics and advocates for pluralism in economic thinking. Overall, Lars Syll is recognized as a prominent figure in the realm of heterodox economics and critical inquiry into the...

1.0 Introduction This post is an attempt to work through some linear algebra that some have used to understand Karl Marx's Capital. I have recently explained how, in a simple model, prices of production are equal to labor values if the organic composition of capital does not vary among industries. That special case is the setting of volume 1. In capitalism, workers rent themselves out to their employers. They work longer, under the dominion of capital, than needed to produce the...

Love's Essential Role in Transformation

I have noticed Angry Bear picks up many readers when it features commentary by Steve Hutkins from “Save The Post Office.” Steve Hutkins, Mark Jamison, Save The Post Office and I go back a number of years. We would like to hear from USPS workers. Use an anonymous name if you are concerned about repercussions. I hope we win this battle. Evening collections end in Oregon and Washington: The threat to election mail and other risks Save the Post...

This is not just Physican practices being bought up. A while back I was writing about hospitals merging with other hospitals and healthcare practices being bought up. The advantage of such is in negotiating rates with insurance companies. ~~~~~~~~ A measurement of the competitiveness of a hospital within a certain area of the country is done utilizing the Herfindahl-Hirschman Index (HHI). It has been used to measure competition in and around...

The problem with model-based explanations in economics One of the most important tasks of social sciences is to explain the events, processes, and structures that take place and act in society. Explanations are important within science since the choice between different theories hinges in large part on their explanatory powers. The most reasonable explanation for one theory’s having greater explanatory power than others is that the mechanisms, causal...

You’ve got a friend .[embedded content] In loving memory of Bengt Nilsson — a friend non plus ultra. A friend is someone who knows all about you and still loves you

January personal income and spending: Goldilocks is knocking at the door  – by New Deal democrat Personal income and spending has become one of the two most important monthly reports I follow, because it nets out the impacts of higher interest rates and abating inflation due to the unlinking of the supply chain. Because real personal spending on services for the past 50 years has generally risen even during recessions, the more leading...

Prince is ripping off my stuff! … I was saying this a week after the attack duh…. sheesh no brainer..[embedded content]

 April 16th 2024 10am New York / 3pm LondonSince the beginning of the military dictatorship in March 1976, pro-market visions were imposed by violating human rights in the darkest period of Argentina’s history and occupied political thought for more than four decades, even in democracy. Although these ideas had a brief pause in the period 2003-2015, they are still in force and now more than ever under the new administration of Mr. Milei. Mr. Milei has imposed a huge depreciation of the...