The present paper takes it as an indisputable fact that subjective-behavioral thinking leads, for deeper methodological reasons, with inner necessity to inconclusive filibustering about the agents’ economic conduct and therefore has to be replaced by something fundamentally different. The key argument runs as follows: (a) the subjective-behavioral approach can not, as a matter of principle, afford a correct profit theory, (b) without a correct profit theory it is impossible to comprehend how the monetary economy works, (c) without this knowledge economic policy proposals are unjustifiable, (d) thinking like an economist may be hazardous to the economy
Despite the conclusions from the contemporary philosophy of science, many economists cherish the ide...
There is not much use to attack standard economics because deep in his heart the representative econ...
Allow me to illustrate the perspective that the future of economics is scientific. Although this may...
The present paper takes it as an indisputable fact that subjective-behavioral thinking leads, for de...
Economists have the habit of solving the wrong problems. They speculate circumstantially about the ...
The characteristic capability of science – to turn whatever it might touch into knowledge – seems to...
Axiomatization is the prime task of theoretical economics. Without correct axioms,no correct theory....
This paper shows that the means-end rationality principle, as an ‘ultimate given’ of economics, deli...
When we characterize an argument that has no sound theoretical foundation as political, then what ha...
Most non-economists tend to think that economists know what they are talking about when they use spe...
The representative economist does not understand the two most important phenomena in the economic un...
I discuss the strengths and weaknesses of the current predominant approach to macroeconomic modellin...
This paper has two sources: One is my own research in three broad areas: business cycles, economic m...
The representation of the individual in economics as a rational homo oeconomicus had been seriously ...
Old theories and economic ideas do not fit the new reality. They cannot be the basis of proper econo...
Despite the conclusions from the contemporary philosophy of science, many economists cherish the ide...
There is not much use to attack standard economics because deep in his heart the representative econ...
Allow me to illustrate the perspective that the future of economics is scientific. Although this may...
The present paper takes it as an indisputable fact that subjective-behavioral thinking leads, for de...
Economists have the habit of solving the wrong problems. They speculate circumstantially about the ...
The characteristic capability of science – to turn whatever it might touch into knowledge – seems to...
Axiomatization is the prime task of theoretical economics. Without correct axioms,no correct theory....
This paper shows that the means-end rationality principle, as an ‘ultimate given’ of economics, deli...
When we characterize an argument that has no sound theoretical foundation as political, then what ha...
Most non-economists tend to think that economists know what they are talking about when they use spe...
The representative economist does not understand the two most important phenomena in the economic un...
I discuss the strengths and weaknesses of the current predominant approach to macroeconomic modellin...
This paper has two sources: One is my own research in three broad areas: business cycles, economic m...
The representation of the individual in economics as a rational homo oeconomicus had been seriously ...
Old theories and economic ideas do not fit the new reality. They cannot be the basis of proper econo...
Despite the conclusions from the contemporary philosophy of science, many economists cherish the ide...
There is not much use to attack standard economics because deep in his heart the representative econ...
Allow me to illustrate the perspective that the future of economics is scientific. Although this may...