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Monthly Archives: August 2013
Marx, Hegel, the Labour Theory of Value and Human Desire
Hour-long, by hour, may we two stand When we’re dead, between these lands The sun set behind his eyes And Joe said, “Is this desire?” — PJ Harvey, ‘Is This Desire?‘ I’ll be honest: I hate discussing Marx, dialectical materialism … Continue reading
Posted in Economic Theory, Philosophy, Psychology
20 Comments
Gunnar Myrdal’s Monetary Equilibrium Theory: A Summarized Version
Jan has brought my attention to the following paper which lays out a good outline of Gunnar Myrdal’s Monetary Equilibrium. Since many are unfamiliar with Myrdal’s theories in the English speaking world I will lay out what I think to … Continue reading
Posted in Economic Theory
1 Comment
Gunnar Myrdal’s Prescient Criticisms of Keynes’ General Theory
In my post on the Austrian Business Cycle Theory Jan, a regular commenter on Lord Keynes’ blog, once again brought up the Stockholm School of economics. He has been doing this on Lord Keynes’ blog for as long as I … Continue reading
Posted in Economic Theory
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Austrian Business Cycle Theory: Dinosaur Economics
Just a very quick note so as to weigh in on a debate which, frankly, I don’t really want to weigh in on. It relates to the Austrian Business Cycle Theory (hereafter: ABCT) and its relationship to the natural rate … Continue reading
Posted in Economic Theory
41 Comments
Borrowing from Science: Philip Mirowski on Contemporary Neoliberalism
The historian of thought Philip Mirowski has published a very interesting piece entitled The Thirteen Commandments of Neoliberalism. The first and most important point to comment on is the following: It is noteworthy that [Mont Pelerin Society] members began to … Continue reading
Posted in Economic Theory, Philosophy, Psychology
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When Clowns Run the Circus: Economic Institutions and Intelligence Services
Adam Curtis has a new blog post out today which is as fantastic as usual. This one deals with intelligence services and how they are generally run by weirdos and idiots. This is something I’ve long been aware of personally … Continue reading
Posted in Economic Policy
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Mises and Freud: Another Heroic Misreading
You know that I want your loving But my logic tells me that it ain’t never gonna happen And then my defenses say I didn’t want it anyway But you know sometimes I’m a liar — Violent Femmes, ‘Promise‘ Ugh… … Continue reading
Posted in Philosophy, Psychology
16 Comments
Joan Robinson and the Labor Theory of Value
Here’s an interesting thought from Geoff Harcourt on Joan Robinson’s relationship with the Marxist economist (and possible Soviet infiltrator) Maurice Dobb which also goes into what she thought about the labour theory of value (excuse the Americanised spelling in the … Continue reading
Posted in Economic Theory, Philosophy
31 Comments
Routledge’s Karma: Free Stuff Alert!
Karma. The idea is that you do something wonderful and it will cancel out the awful deeds you do at some other point in time (okay, I’m taking liberty with my definition and giving a rather Catholic-tinged exposition but I’m … Continue reading
Posted in Economic Theory
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Misuse of Data Part Deux: Redux
Okay, so there’s been a bit of a misunderstanding regarding my previous post on Catalán’s misuse of data. Some of this is likely squirming but some may be due to my own presentation. So, let’s run through this in order … Continue reading
Posted in Economic Theory
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Fixing the Economists 