Category Archives: despotic academia

Transmogrification of Truth in Economics Textbooks: Expected Utility Theory

Transmogrification of truth in economics textbooks — expected utility theory November 19, 2013EditorLeave a commentGo to comments from Lars Syll Although the expected utility theory is obviously both theoretically and descriptively inadequate, colleagues and microeconomics textbook writers all over the world gladly … Continue reading →

Posted in despotic academia, ECONOMIC DEVELOPMENT AND SUSTAINABILITY, EPISTEMOLOGY AND SCIENTIFIC METHOD, HOW TO LIE WITH STATISTICS, ideological classrooms, IMPERIAL HUBRIS AND HYPOCRISY, Neoclassical and Neo-liberal Economics | Leave a comment

On the Ideological Hegemony and Folly of “Mainstream” Economics

Simon Wren-Lewis’s attempt at rescuing rational expectations — an unmitigated failure November 11, 2013EditorLeave a commentGo to comments from Lars Syll     If at some time my skeleton should come to be used by a teacher of osteology to illustrate his lectures, will … Continue reading →

Posted in despotic academia, ECONOMIC DEVELOPMENT AND SUSTAINABILITY, EPISTEMOLOGY AND SCIENTIFIC METHOD, HOW TO LIE WITH STATISTICS, ideological classrooms, IMPERIAL HUBRIS AND HYPOCRISY, INDIGENOUS SCIENCE AND SCIENTIFIC METHOD, Neoclassical and Neo-liberal Economics, SOCIAL STRUCTURES OF ACCUMULATION, Weapons of Mass Deception | Leave a comment