Papers available:
I.
Political Economy.
1. Political-Economic Theory.
(i) Cover page
for the above – with a summary and comments.
B.
“Psychological Autism, Institutional Autism and
Economics” published in the Post-Autistic
Economics Review, issue no. 16, September 16, 2002 (article 2) at www.btinternet.com/~pae_news/review/issue16.htm. Republished in Edward Fullbrook, ed. The Crisis in Economics: The Post-Autistic
Economics Movement: the First 600 Days. pp. 212-20. London: Routledge,
2003. 
C.
“Utopia” from the Encyclopedia of Political
Economy (1999). 
2. Accumulation and Crisis.
“The Great Moderation and ‘Falling Off a Cliff’:
Neo-Kaldorian Dynamics.” This is a graphical/mathematical model that may
explain the recent collapse of the U.S. economy as being the result of the
previous “Great Moderation” (the period of relative prosperity between the
1980s and the early 2000s)
1. This
paper is published in Journal of Economic Behavior & Organization,
78(3), May 2011: 366-373.
2. The PowerPoint slides
from the talk I gave at the August 5 conference of the Society for Chaos
Theory in Psychology and Life Sciences at Chapman University in Orange, CA.
3. The notes I
used for my presentation at the Allied Social Sciences Associations (URPE
session) in January of 2011.
4. A rough draft of
the full paper: Diagrams can be seen separately by clicking here.
B.
“Accumulation” from the Encyclopedia of
Political Economy (1999).
D.
“The
Tendency toward Over-Investment,” chapter 4 of my 1980 Economics Ph.D.
dissertation Over-Investment and Cyclical Economic Crises (University
of California, Economics). It’s divided into four parts:
For more chapters from my dissertation, click here.
3. The “Labor Theory of Value” (or what should be called the
“law of value”).
A.
“The
Utility of Value: the ‘New Solution,’ Unequal Exchange, and Crisis,” Research in Political Economy (1990).
C. “The Law of Value and Marxian Political Ecology,” in
Jesse Vorst, Ross Dobson, and Ron Fletcher, eds., Green on Red: Evolving Ecological Socialism (Society for
Socialist Studies/Fernwood, 1993).
E.
More
on this subject (a shorter version of the above).
F.
The Wikipedia entry
– to which I contributed (especially the “Alternative
Interpretation”). Note that this entry
could change at any time, changing any content I added.
4. The Theory of Exploitation.
A.
Roemer’s “General” Theory of Exploitation is a
Special Case. This paper – written with Gary Dymski, now at the
University of California-Riverside, argues against the well-known
Walrasian-Marxist theory of exploitation presented by John Roemer. Our
article was published in Economics and
Philosophy, vol. 7 (1991), pp. 235-75.
B.
“Taxation without Representation:
Reconstructing Marx’s Theory of Capitalist Exploitation,” in William Dugger,
ed., Inequality: Radical
Institutionalist Views on Race, Gender, Class, and Nation (Greenwood,
1996).
C. Here’s a
paper which outlines a longer paper on
the Marxian theory of exploitation, stated in terms of neoclassical economics.
This is a revised version of the hand-out I used in my talk to URPE at the
ASSA convention on January 4, 2004.
D. Here’s
the longer draft paper on that subject. This is a preliminary version
(dated August
21, 2006) and will change due to your comments and criticisms.
(i) the
main paper (draft).
(ii) the
abstract.
E. Here’s a
more accessible article on the Marxian
theory of exploitation. It’s an early version of a paper I
published in Bill Dugger’s book, Inequality:
Radical Institutionalist Views on Race, Gender, Class, and Nation (1996).
For the published article, see here.
II.
Macroeconomics and Economic History.
5. The Great Depression.
(i) For charts and tables in separate
files, click here.
(ii) For an HTML version with
annotation, click here.
B.
“The Great Depression” from the Encyclopedia
of Political Economy (1999).
C.
Another Depressing Article (1/99) –
published only in 2002 as “The Causes of the Great Depression of the 1930s
and Lessons for Today.” Revista
da FEA-PUC [Faculdade
de Economia, Administração, Contrabilidade e Atuária da Pontifica
Universidade Católica de São Paulo
(Brazil)], 2000: 43–50.
D. An old article on the Great Depression:
“Underconsumption, Over-Investment and the Origins of the Great Depression.” Review
of Radical Political Economics. 15(2) Summer 1983, pp. 1-27.
6. Inflation and Unemployment.
A.
“The Rise and Fall of Stagflation:
Preliminary Results,” Review of Radical
Political Economics (2000).
B.
“The Natural Rate of Unemployment,” from
Edward Fullbrook, ed., A Guide to
What’s Wrong with Economics, Anthem Press (2004).
D. The paper
that was the basis for the talk I presented at the URPE@ASSA convention in
New Orleans on January 7, 2001 on the
encouragement of stagflation by falling profit rates. Here's the hand-out
that I gave out and one graph
that summarizes my thesis very well. The presentation is a
development of the paper that I had published during 2000 (“Rising Profits
and Falling Inflation: An Empirical Study,” Review of Radical Political
Economics, 32(3), 2000: 398-407).
E. Here's a
related unpublished paper that examines the connection between the alleged
recent speed-up of productivity growth and the seeming fall in the NAIRU (the
rate of unemployment below which inflation is theorized to get worse).
III. Miscellaneous Articles.
7. Current Events Talks. These talks were popular in focus, mostly
suggesting predictions about future macroeconomic events but do pretty well
in hindsight:
A. Here are some rough notes of a talk on
Wall Street parasitism that I gave to a rally held by Occupy Long Beach, Occupy
Pasadena, and Occupy Los Angeles in Pershing Square in Los Angeles, CA, on
November 12, 2011.
B. Here
are notes from a talk on the “Origins of the Big Mess” that I gave at the
Westchester Public Library (in Los Angeles) on April 23, 2009. I posit that
the U.S. and much of the world have been living under “Calvin Coolidge
Capitalism” (neoliberalism), which has produced a bubble economy. I examine
both the supply of and the demand for bubbles, and how the Federal Reserve
has balanced these two sides of this “market.” Here and here
are two graphs I used as part of the talk.
C. Here are notes I presented at the Public
Library in Mar Vista (Los Angeles) on March 14, 2009. In interests of full
disclosure, this is very similar to the next talk on the list, since I’m a
strong believer in recycling. Here is the
hand-out I used.
D. Here are notes from a talk I delivered on
February 3, 2009 to an upper-division economics class at the University of
Redlands (that of Dr. Dorene Isenberg). It compares and contrasts two eras of
“Calvin Coolidge Capitalism,” the original one (which helped produce the
Great Depression of the 1930s) and the new one (which might have similar
effects). Here is a hand-out I
presented as part of the talk. This talk was a sequel to the next one on the
list:
E. Here are notes from a talk I gave on October
9, 2008 to an upper-division economics class at the University of Redlands.
It is a more theoretical version of the talk listed above, emphasizing the
basis for and the nature of the business cycle – or lack thereof – during the
1920s and 1930s in the U.S.
F. Here are the notes from a talk on the
“Origins of the Current Mess” I gave to the Canejo Valley
Unitarian-Universalist fellowship in Thousand Oaks in Ventura County,
California on August 15, 2008. The outline is here,
while I gave the participants several diagrams: a simple story of the political economy of the 1960s; a picture of the cycle of speculation
that’s recently characterized the U.S. economy; and a chart representing “stages” (how the political
economy have differed during recent decades in the U.S.)
G. Here’s a talk that
I gave on April 8, 2005, to the Society for Humanistic Judaism in Los
Angeles. It sketches the recent business cycle in the U.S. and suggest two
possible scenarios. I gave a similar talk to to friends of the Filipino
Workers’ Association group on February 9, 2008. I was please that a lot of
what I said in 2005 turned out to be accurate in 2009.
H. Here’s
a talk I gave on March 16, 2004 to the Progress Alliance at Santa
Monica College, in California. It’s strangely similar to the talk to the
Rotarians below, but with more long-term perspective, including an emphasis
on the rate of profit.
I. Here’s
a talk I gave on December 9, 2003 to the Downey (California)
Rotarians.
J. Here’s a
talk I gave in May 2002, to the Student International Forum, at Ohio State
University, in Columbus, Ohio. (It was revised in October, 2002.)
K. The talk
above was partly based on the talk I
gave to the Concerned Citizens at “Leisure World” (El Toro, CA) in May 2002
and partly on the December 2001 talk to a bunch of
Marxists in Sacramento, CA (at the appropriately-named “Marxist School of
Sacramento”). (The Ohio and Sacramento talks relate current events to the
fluctuations of the rate of profit.)
L. The
Concerned Citizens talk is an update of a February 2002 talk I gave
to the Economics Society at Loyola Marymount University.
M. Here’s a
newsy talk that I gave in July 2001 on
the state of the economy, to a bunch of businesspeople. It turned out that this
was at about the time that many say the 2001 recession started, though recent
data indicate that it started earlier. That fit with what the businesspeople
said, since they were receiving the brunt of the economy’s collapse.
8. Older articles on then-current events:
A. A Talk
about Current Events (3/99)
B. The
Goldilocks Economy and the 3 Bears (2/00)
C. The Three
Bears Redux! (3/00)
9. Other current events non-macro topics.
A. Here are
notes for a talk that I gave on Socialism
to the Unitarian-Universalist Church in Santa Monica, CA, on September 17,
2009.
B. Here are
the notes for a talk that I gave on the topic of “Capitalism and Militarism”
on April 27, 2003 at Woodbury University.
C. Here’s a talk I gave to Dr. Robert
Singleton’s economic history class at Loyola Marymount University on the rise
and fall of the 1960s prosperity on February 17, 2004. I assumed that the
students had read the relevant chapters of Sam Rosenberg’s excellent American
Economic Development Since 1945: Growth, Decline and Rejuvenation
(Palgrave MacMillan, 2003).
D. Here’s
a talk on
labor unions that I gave in Dr. Robert Singleton’s Labor Economics course at
Loyola Marymount University on April 11, 2005.
10. On
recent increases in income inequality:
A. My
January 1999 talk at the ASSA (1/99)
B. Growing
U.S. Disparities: A Primer and Critique (of Paul Krugman) (Updated
10/2002). This paper will be updated even more in the future.
C. A Note on
Recent Profitability (2/99)
11. Miscellaneous notes:
A. An
informal Review of Jared Diamond's Guns, Germs, and Steel.
B. Notes
on Over-investment
C. Problems with
the Social Security System?
D. Notes
on “the Economic Problem”
E. Labor
Market Segmentation
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