Category Archives: Economics

Scope and purpose of economics

Scientific Economics: Review of Progress

Posted on August 28, 2016 by admin

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

Posted on May 8, 2016 by admin

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?

Posted on April 14, 2016 by admin

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 →

Posted in Economics, Science | Leave a comment

Keynesian Black Holes

Posted on February 24, 2016 by admin

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 | 2 Comments

Fiscal Stimulus of Consumption

Posted on February 22, 2016 by admin

The global financial crisis (GFC) has been in temporary recess since its break in 2008, but has recently metastasized into a more dangerous form. Extreme real-time experiments are being forced on many economies without sufficient scientific justification. The extreme measures, … Continue reading →

Posted in Econoclasm, Economics, Uncategorized | Leave a comment