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Quote(s) of the Day - Marxism

less than 1 minute read

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,...

Another post on empirics (and a priorism)

3 minute read

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

less than 1 minute read

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=...

The sardonic Adam Smith

less than 1 minute read

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...