Quote(s) of the Day - Marxism
Just to prove my even-handedness on this issue of a priorism and empirical validation, here is the father of the falsification doctrine himself, Karl Popper,...
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Another post on empirics (and a priorism)
I was away last week in Amsterdam taking part in The Econometric Game, a competition involving 30 universities from around the world. Despite the… hmmm… dour...
More on Malthus
If you don’t wish to take my word on Malthus, here’s a snippet from Econlib’s excellent encyclopedia entry that I’ve just stumbled upon:<blockquote class=...
Don’t let be misunderstood: Malthus edition
Poor Thomas Malthus. Has there ever been a more maligned and misunderstood figure in the history of economics? With depressingly few exceptions, both his cri...
The sardonic Adam Smith
In reality high profits tend much more to raise the price of work than high wages. [...]In raising the price of commodities the rise of wages operates in the...