Category Archives: Economics

Scope and purpose of economics

Australian Pension Reform Jumps the Shark, Jumps the Gun

Pension systems around the world are often victims of collusive predation of governments and big banks.  Australian superannuation which ranks among the top pension systems, is doing its best to emulate worse ones by frequent reforms.  In many countries, private … Continue reading

Posted in Economics, Finance, Pension, Regulation | 1 Comment

Economic Pluralism and Science

To be useful, constructive criticism should be given to the person expressing the erroneous ideas.  However, the blog editor of Real-World Economic Review (RWER), who is a leader and protagonist in the movement for economic pluralism, has refused to publish … Continue reading

Posted in Econoclasm, Economics, Science | Leave a comment

Scientific Economics: Review of Progress

It has been three years since this blog was launched with an inaugural post in August 2013.  What has been achieved by way of progress in building a scientific economic paradigm?  Considering the scope and ambition of the project – … Continue reading

Posted in Economics, Paradigm, Science | 1 Comment

Helicopter Money in Operation

The great inventive minds of modern economics (GIMME) have been busy talking about helicopter money as an option they could try in future as another unconventional monetary policy (UMP) to avoid “deflation” or “lowflation” (Lagarde, 2013).  Actually, helicopter money is … Continue reading

Posted in Economics, Finance, Regulation | 5 Comments

How Much Capitalism?

How much capitalism is optimal for economic growth and stability?  Or, equivalently, the question is how much socialism or government?  Until now, no one appears to have posed this question, as most people tend to favour more and more of … Continue reading

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