Archive of papers

Being a Good Econometrician is not Enough! (withdrawn)

In this article, I present a new argument against McCloskey’s rhetoric of economics and discuss the Reinhart-Rogoff affair. First, I operationalize the epistemic advices given by McCloskey’s rhetoric of economics. Second, I conduct an econometric exercise and produce contradictory models …

Posted for review 9 Jan 2017

The Cambridge Controversy. A note (withdrawn)

A debate, which started at the late 1950s and lasted up to the early 1970s, known as the Cambridge controversy, is the subject of this paper. The core of that debate was the composition of capital and moreover the production …

Posted for review 7 Nov 2016

Why didn’t Keynes participate at the socialist economic calculation debate?

The socialist economic calculation debate is an important one for everyone concerned with the transition from the capitalist to the socialist economic accounting. It represents the struggle of socialist economists against Mises’s claim that socialism is theoretically impossible and Hayek’s …

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Posted for review 5 Sep 2016
Unpublished

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Ricardo’s numerical example versus Ricardian trade model: A comparison of two distinct notions of comparative advantage

The so-called Ricardian trade model of contemporary economic textbooks is not a rational reconstruction of Ricardo’s famous numerical example in chapter seven of the Principles. It differs from the latter in terms of definition of the four numbers, relevant cost …

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Posted for review 5 Jul 2016
Published

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Marshall’s Producer Surplus and Value-Added: ‘A Case for Protectionism?’ (A short note)

On several occasions, authors like Dani Rodrick and Thomas Piketty questioned the benefits of trade liberalization. The rationale for liberal economic policies refers inter alia to welfare concepts, in particular the producer and consumer surpluses which were proposed by Alfred …

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Posted for review 21 Jun 2016
Unpublished

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Keynes, the National Industrial Recovery Act and the Demise of Nascent Real Business Cycle Analysis

The National Industrial Recovery Act (NIRA) of 1933 called for a radical reorganization of U.S. industry, substantial wage increases, workers’ right to bargain collectively as well as unprecedented government works projects. In a letter to President Roosevelt, British economist John …

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Posted for review 29 Apr 2016
Unpublished

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The Ideology of Mathematical Economics – a Reply to Tony Lawson

This paper challenges Tony Lawson’s account of the relationship between mainstream economics and ideology along two key axes. First off, we argue that Newtonian physics has been the primary version of pro-science ideology within mainstream economics, rather than mathematics per …

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Posted for review 18 Feb 2016
Published

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Graphs as a tool for the close reading of econometrics (Settler mortality is not a valid instrument for institutions)

Graphing causal models while reading econometric papers can make it easy to understand assumptions that are vague in prose and to isolate those assumptions that are crucial to believe the main causal claims. The method is here illustrated with a …

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Posted for review 1 Dec 2015
Published

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3 comments