…of nonlinear dynamical growth theory.  In February of last year he became the first at the Fed to call for aggressively expansionary monetary policy to deal with the upcoming economic…

…a major outlet for papers on chaos theory, a matter he himself was an early student of in economics, as well as broader complexity economics and other topics still not…

In a comment on my earlier post, Bill H. (run75441) mentioned that he thought at first this series on socially necessary labour time (SNLT) would be about Sydney Chapman’s theory….

…Social Domination. For Postone, the passage had profound emancipatory implications. The second citation precedes the climax of his interpretation of Marx’s theory. The category of “superfluous labor time” is central to…

…in theory could continue to sustain folks in those two off months, if my kid would stop eating all of the pasta, sauce, and pickles we produced and had in…

…obvious, a formula for The American Dream. But curiously, you don’t find much nuts and bolts of economic theory supporting that view of how economies work. There’s been lots of…

…about politics and policy. I want to contrast this theory with accounts by two well-known political writers, Matthew Yglesias and Ibram X. Kendi. First up today, Yglesias. Yglesias has an…

…is passed.  Instead, they will use the policy as a political weapon.  The current attack on teaching critical race theory in schools illustrates this risk.  Republicans have been consciously playing…

Diane Lim writes an analysis of the economic theory of the marginal incentives people have to go back to work at her blog EconomistMom. Worth a visit: Quote: “Get ready…

…don’t want to pretend expertise on whether Marx’s theory stands up to rigorous critique. I sort of suspect every economic theory has a crack in it. That’s how the light…