The book is available at online bookstores.
Big errors start from smaller ones. In economics, the plausible concepts of money neutrality and the velocity of money have led to many problems. This essay defines these concepts; I discuss the difficulties with them in later sections.
Wednesday, August 16, 2017
Wednesday, August 9, 2017
Sunday, August 6, 2017
https://github.com/brianr747/SFC_models). As regular readers might suspect, it ended up being longer than I planned for. Whether or not it will be available in time for the MMT conference in September is an open question. Progress this summer was slower than I expected, but that was the result of work on other projects, spending time as a baseball assistant coach (a sport I never played at an organised level!), and travelling. The package itself is essentially frozen; I have reached what will be labelled version 0.5. The next major version will be 1.0, which is all the final changes needed to support the book.
Wednesday, August 2, 2017
Wednesday, July 26, 2017
GDP: A Brief but Affectionate History by Professor Diane Coyle offers an interesting popular history of the concept of gross domestic product (GDP). GDP is a mental construct, and is the result of somewhat arbitrary decisions. The book discusses the history of the idea, tied in with economic history as well as the history of economics.
Wednesday, July 19, 2017
http://www.mmtconference.org/). I will be presenting an introduction to my Python stock-flow consistent models package -- sfc_models. This article is a rough draft of what I think the slides will look like.
Wednesday, July 12, 2017
Philip Pilkington published "The Reformation in Economics: A Deconstruction and Reconstruction of Economic Theory" in 2016. It is an ambitious book, outlining the structural flaws of mainstream economic theory. He discusses the potential replacement theory, but this reconstruction is somewhat overshadowed by the deconstruction.