Search results for #FailedFakeScience
@PeterBoettke #Economics #FailedFakeScience “A major error in Mill was the separation of production and distribution, and thus distribution is a function of political will not economic forces.” Economics claims to be #Science but is NOT. The major approaches (#Walrasianism, #Keynesianism,…
@ChadMReese #Economics #FailedFakeScience “Forty-odd years after neoliberalism took hold it’s clear it doesn’t work. In fact, it never had either a robust theory or the data to back up its claims.” Economics claims to be #Science but is NOT. The major approaches (#Walrasianism,…
@ProfDavidFields @MonetaryBlog @Lprochon #Economics #FailedFakeScience “Mainstream economics is a disarray, by definition.” Economics claims to be #Science but is NOT. The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false…
@elerianm @WSJ #Economics #FailedFakeScience #Inflation Mr. Powell is not to blame for policy mistakes. Economics is. The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally…
@SoumayaKeynes #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth “How economists could make themselves more useful?” Economics claims to be #Science but is NOT. The history of economic thought is the history of scientific failure. The major approaches (#Walrasianism,…
@EconomicsinTen @SoumayaKeynes @boemuseum #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth “How economists could make themselves more useful?” Economics claims to be #Science but is NOT. The history of economic thought is the history of scientific failure. The major approaches (#Walrasianism,…
@NurderK @adam_tooze #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The correct term for the German polity is NOT #Democracy but #Oligarchy with key institutions like #Parliament / #Treasury / #CentralBank / #BigBusiness as integral parts. This institutional setup thrives on…
@TiltingatM3 #Economics #FailedFakeScience #Reset The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. When the foundational concepts…
@ActonInstitute @tylercowen #Economics #FailedFakeScience #DisInfoTainment #TopTen The founding fathers did not understand what profit is, i.e. they got the foundational concept of the subject matter wrong. But their successors have neither noticed nor fixed the lethal blunder. #Walrasianism,…
@rodrikdani @econromesh #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit wrong.…
@johanknorberg #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The so-called #FreeMarketEconomy runs on #Profit. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their…
@DavidBeckworth @JohnHCochrane #Economics #FailedFakeScience #Keynes got macroeconomic #Profit wrong because he was too stupid for elementary #Algebra. So, he messed up the #ParadigmShift from #MicroFoundations to #MacroFoundations. Because of this initial blunder, the whole of (#Micro & #Macro) #Economics is…
