Category Archives: Economics

Scope and purpose of economics

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

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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

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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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Keynesian Black Holes

The previous post suggests that the US economy may be in a Keynesian black hole. Many other countries around the world are also likely to be in Keynesian black holes. The danger is that the larger black holes will cannibalize … Continue reading

Posted in Econoclasm, Economics | 1 Comment