-
Recent Posts
- MMT, Helicopter Money and Monetary Socialism
- Economic Charlatans of Modern Money
- Stagflation or Price Stability
- Capitalism, Wealth Inequality and Systemic Plunder
- Australian Pension Reform Jumps the Shark, Jumps the Gun
- Economic Pluralism and Science
- Scientific Economics: Review of Progress
- Helicopter Money in Operation
- How Much Capitalism?
- Keynesian Black Holes
Recent Comments
- admin on MMT, Helicopter Money and Monetary Socialism
- admin on MMT, Helicopter Money and Monetary Socialism
- admin on Economic Charlatans of Modern Money
- admin on Economic Charlatans of Modern Money
- admin on Economic Charlatans of Modern Money
- Jeff Z on Economic Charlatans of Modern Money
- admin on Stagflation or Price Stability
- Jeff Z on Capitalism, Wealth Inequality and Systemic Plunder
- admin on Capitalism, Wealth Inequality and Systemic Plunder
- David Chester on Capitalism, Wealth Inequality and Systemic Plunder
- David Chester on Why this blog
- admin on Keynesian Black Holes
- admin on Australian Pension Reform Jumps the Shark, Jumps the Gun
- admin on Helicopter Money in Operation
- joe bongiovanni on Helicopter Money in Operation
Subscribe to Blog via Email
Archives
Categories
Meta
Category Archives: Econoclasm
Critiques of economic sacred cows and religious gurus
Pluralism of Cognitive Dissonance
Pluralism is the enemy of science. At any given time, science deals only with a single most correct theory in any particular domain, not with multiple incorrect theories. There is a huge difference between evaluating many new ideas and the … Continue reading →
Keynesian Fallacy and Collapse
One of the first posts of this blog describes the potential for a Keynesian economic collapse due to persistent policy application, over decades, of the Keynesian fallacy. The fallacy originated from simple mathematical errors in Keynes’ General Theory which have … Continue reading →
Optimal Aggregate Consumption
Over-consumption is not in the Keynesian lexicon. More consumption is assumed always to be better for economic growth (with few exceptions) in a Keynesian prescription of perpetual demand-stimulation policy of quasi-boom (Keynes, 1936, p. 322): Thus the remedy for the … Continue reading →
Saving=Investment Fallacy
“Saving=Investment” is axiomatic in macroeconomics as it is taught in basic textbooks, found in advanced research and assumed in national statistics. Yet it is a fallacy which can be traced to Keynes (1936, p.63) where he defined saving as “the … Continue reading →
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 →