Monthly Archives: February 2014

What is a Paradigm?

What is a paradigm?  Why is it so important to understand what it is?  Why has economics changed so little even after its obvious failure in the recent global economic crisis? Durability of Paradigm Most people commonly misuse the word … Continue reading

Posted in Methodology, Paradigm | Leave a comment

Keynesian Economic Collapse

Nearly 80 years of Keynesian fallacy has brought the global economy to the edge of collapse. Governments everywhere love Keynesian economics which axiomatically requires governments to spend to maintain aggregate consumption in their economies. What is there not to like … Continue reading

Posted in Econoclasm, Economics | 3 Comments