Posts on economics, economic theory and history.
[29 Oct]Sources of economic growth in the US, UK, Germany & Japan, 1990-2019 Labour force expansion vs. productivity growth[02 Mar]Dynamic behavior of sequentially determined values Weird properties of dynamic labor values[12 Jan]A toy model of dynamic prices of production With labor values and equilibrium[18 Nov]The monetary circuit (I) Monetary realization of profits by a multiplier effect[28 Oct]Expanded reproduction and the Kalecki principle Profits = investment + capitalist consumption?[30 Sep]The reproduction schema and the 'Keynesian multiplier' (II) Reproduction and input-output analysis[20 Sep]The reproduction schema and the 'Keynesian multiplier' (I) Multiplier effect with one sector[11 Sep]Misgivings about world-systems theory Is WST ultimately a weird form of nationalism?