Monthly Archives: November 2013

Steve Keen’s AS-AD Curves and a Suggestion For a New Stock-Flow Equilibrium Approach

A commenter on Lord Keynes’ blog recently called my attention to something rather interesting; namely, that Steve Keen seems to be using some sort of supply and demand framework to determine price in the macroeconomy in his models. Let me … Continue reading

Posted in Economic Theory | 11 Comments

Capital Sins: To What End Should Economic Life Be Directed?

Victoria Chick published an interesting paper in the journal Economic Thought on the World Economic Association website entitled Economics and the Good Life: Keynes and Schumacher. In it she explores what both men thought that the end goal of economics … Continue reading

Posted in Philosophy, Politics, Psychology | 1 Comment

What Happened to Science and Research Funding?

I’ll never forget the reaction of a scientist I once met, a chemist who had transitioned into corporate management, when I told her that I was an economist. “Oh,” she said, “so you’d know something about corporations and how they … Continue reading

Posted in Economic Policy, Economics of Science and Technology | 9 Comments

Is Real Communication Possible? Berkeley’s Particularism and Lacan’s Semantic Slippage

I’m currently rereading George Berkeley’s A Treatise Concerning the Principles of Human Knowledge as a friend of mine and I are considering writing a short book on Berkeley in the near future. In it we are hoping to discuss all … Continue reading

Posted in Philosophy, Psychology | 5 Comments

Dazed and Confused: Eugene Fama’s Bizarre 2010 Interview

I recently reread a 2010 interview with Eugene Fama, who has just been awarded the Nobel Prize for his work on the Efficient Markets Hypothesis (EMH). In the interview Fama tries to defend the position that the EMH held up … Continue reading

Posted in Economic History, Media/Journalism | 1 Comment

Veblen and Freud on Instincts

I recently got my hands on a paper by Bill Waller entitled Veblen and Instincts Reconsidered. In the paper Waller discusses the role of ‘instincts’ in Veblen’s work and argues that it is important that those working in the evolutionary … Continue reading

Posted in Philosophy, Psychology | 1 Comment