Social Democracy for the 21st Century: A Realist Alternative to the Modern Left
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Debunking Austrian Economics 101 (Updated)
Debunking Marxism 101 (Updated)
Post Keynesian Economics 101
Post Keynesian Price Theory 101
The Nature, Origin and History of Money 101
19th Century Economic History
Debunking Foucault’s Philosophy 101
Analytic Philosophy 101
Mark-up Pricing in 21 Nations and the Eurozone: the Empirical Evidence
Sources and Data for US Economic History under the Gold Standard
Probability Theory 101
Keynesian Uncertainty 101
The US Recession of 1920–1921
A Bibliography on Logic and Reasoning
Say’s Law: History and Critique
The Natural Rate of Interest: A History and Critiq...
Why Marx’s Labour Theory of Value is Wrong (in a Nutshell)
Debunking Postmodernism and the Regressive Left 101
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Showing posts with label
elasticity of substitution
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Showing posts with label
elasticity of substitution
.
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Sunday, May 8, 2011
Keynes on the Special Properties of Money
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Keynes in the General Theory (1936) showed that fiat money and even commodity money have special properties: “… money has, both in the long...
58 comments:
Saturday, January 29, 2011
F. H. Hahn in a Candid Moment on Neo-Walrasian Equilibrium
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The neo-Walrasian economist Frank H. Hahn is a respected neoclassical economist. Unlike other neoclassicals, however, he has been rather mo...
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