Category Archives: Economics

Scope and purpose of economics

Economic Charlatans of Modern Money

Posted on March 9, 2019 by admin

Before the latter parts of the nineteenth century, no one understood the origins and causes of diseases, because the ideas of germs and bacteria were not fully conceived.  Medicine was not science.  There was no systematic account of diseases or … Continue reading →

Posted in Econoclasm, Economics | Tagged , | 4 Comments

Stagflation or Price Stability

Posted on July 19, 2018 by admin

Monetary policy of central banks has only two possible consequences: stagflation or price stability.  The arguments for this radical hypothesis are presented in this post.  Stagflation is defined as a disequilibrium process of generally rising prices (various measures) coupled with … Continue reading →

Posted in Economics | Tagged , , | 1 Comment

Capitalism, Wealth Inequality and Systemic Plunder

Posted on January 23, 2018 by admin

Capitalism has been blamed, by Piketty (2014) and many other economists, for increasing “wealth inequality” observed today.  For example, Piketty (2014, p.23) suggested that the top decile of earners in the United States increased their share of income from 35 … Continue reading →

Posted in Economics, Pension, Regulation | Tagged , , | 3 Comments

Australian Pension Reform Jumps the Shark, Jumps the Gun

Posted on April 27, 2017 by admin

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

Posted on April 19, 2017 by admin

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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