EconoSpeak
Saturday, October 30, 2021

(Hence the correctness of the theory of surplus population and surplus capital...)

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Marx mentioned, "the theory of surplus population and surplus capital," parenthetically, in the Grundrisse and "surplus popu...
5 comments:

A. Liinwood Holton, Jr. RIP

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 Abner Linwood Holton, Jr. has just died at age 98 at his home in Kilmarnock, Virginia, near Richmond. There is a certain irony in this as a...
1 comment:
Wednesday, October 27, 2021

"Lump" and "labor" are two words...

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From: Tom Walker Sent: October 27, 2021 3:49 PM To: scott.a.wolla @stls.frb.org Subject: Lump of labor fallacy Dear Scott, I just came acro...
3 comments:

À la recherche du socially necessary labour temps perdu

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How many Trained Marxists™ know there is no "socially necessary labour time" in the Grundrisse ? I didn't. When researching th...
6 comments:
Tuesday, October 26, 2021

Is Virginia 2021 Election Going To Look More Like 1980, 1994, 2010 Or None Of The Above?

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 In Virginia there is an election for governor, lieutenant governor, attorney general, and the whole House of Delgates, while the State Sena...
2 comments:
Sunday, October 24, 2021

Does economic growth cause unemployment?

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Usually, a question in the title of an article is a teaser and the answer is almost always "no." Not in this case. The standard ar...
1 comment:
Saturday, October 23, 2021

No Covid-19d-19 Here Or in North Korea: Turkmenistan

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Yes, Turkmenistan is among the few nations on the planet claiming to have not had a single case of Covid-19, along with the DPRK, aka "...
3 comments:
Thursday, October 21, 2021

Wealth is leisure. Leisure, wealth.

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The three quotes above are from, respectively: 1. William Godwin 2. Charles Wentworth Dilke 3. Karl Marx. There was a very pronounced influe...
4 comments:
Tuesday, October 19, 2021

Why The Late Janos Kornai Did Not Get The Nobel Prize

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 Apparently yesterday Janos Kornai died in Budapest at the age of 94. He was the greatest analyst of the socialist system there was. Indeed,...
1 comment:
Sunday, October 17, 2021

Bad Biden Foreign Policy

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 I have posted on this previously, but not for awhile. The main meme is that for reasons I mostly do not get, Biden has been carrying over a...
Monday, October 11, 2021

Bad Reporting On Latest Sveriges Riksbank Prize In Memory Of Nobel

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 So the recipient are half of it to David Card for his 1994 study with the late Alan Krueger, who committed suicide not too long ago, on min...
7 comments:
Friday, October 8, 2021

The Passing Of Peter Flaschel And The Bielefeld School Of Macroeconomics

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 German economist Peter Flaschel died yesterday at age 78.  I am not sure precisely of what, although it was not Covid-19.  He had been in d...
7 comments:
Thursday, October 7, 2021

The Origin Of The Terms "Socialism" and "Communism"

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 This is one of those rare times when I post here about my academic research, but on this matter, well, I think this is of broader interest ...
3 comments:
Tuesday, October 5, 2021

Will Krysten Sinema Change Parties?

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 I have resisted posting something like this, but while I have yet to see anybody else suggest it, this possibility has been on my mind now ...
1 comment:

Democratizing Work

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I was a bit skeptical of the Global Forum on Democratizing Work. It seemed to me that rushing into an online conference was perhaps a bit ov...
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