Category Archives: EPISTEMOLOGY AND SCIENTIFIC METHOD
Krugman on Math and Models in Economics
Krugman on math and models in economics November 23, 2013EditorLeave a commentGo to comments from Lars Syll Paul Krugman had a post up on his blog a while ago where he argued that “Keynesian” macroeconomics more than anything else “made economics the model-oriented field it … Continue reading
Noam Chomsky: MEDIA CONTROL and INDOCTRINATION in the United States
Noam Chomsky : MEDIA CONTROL and INDOCTRINATION in the United States “America is the only country in which so many people believe their country was created perfect, yet still strives for improvement.” Richard Hofstadter, Historian, Post Categories: Canada Noam Chomsky … Continue reading
We Need Economic Theories Fit For the Real World
Orthodox economists have failed their own market test Students are demanding alternatives to a free-market dogma with a disastrous record. That’s something we all need. Ha-Joon Chang, one of the last surviving independent economists at Keynes’s Cambridge: ‘The supporters of … Continue reading
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
Paul Sweezy in 1982 on Secular Stagnation
Paul Sweezy in 1982 on secular stagnation November 17, 2013merijnknibbeLeave a commentGo to comments ‘Secular stagnation’ is the talk of the town at the moment. It was one of the mayor interests of Paul Sweezy. Here, part of a 1982 lecture with a … Continue reading
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
“The Entire Fiat-Money System is Bankrupt: Demise of the Global US Fiat Dollar Reserve Currency”
The Entire Fiat Money System is Bankrupt: Demise of the Global US Fiat Dollar Reserve Currency Post Categories: Canada Matthias Chang | Saturday, November 2, 2013, 14:29 Beijing Share on facebookShare on twitterShare on emailShare on printShare on gmailShare on … Continue reading