The representative economist does not understand the two most important phenomena in the economic universe: profit and income. Because of this economists have nothing to offer in the way of a scientifically founded advice. Therefore, the contributions to economic blogs cannot claim to offer more than personal opinion. Of opinions, though, economics always had plenty. What is needed is knowledge – scientific knowledge, that is. With the outline of the correct economic paradigm at hand it is straightforward to refute obsolete approaches. For this purpose the economics blogs are ideal. A selection of recent comments is reproduced in the present paper
Economists have the habit of solving the wrong problems. They speculate circumstantially about the ...
Economics is drowning in a flood of bad books and papers, many of them written with the sole objecti...
The author believes that his concept “Biased Equilibrium” based on information sharing strategies of...
The representative economist does not understand the two most important phenomena in the economic un...
The characteristic capability of science – to turn whatever it might touch into knowledge – seems to...
Most non-economists tend to think that economists know what they are talking about when they use spe...
Axiomatization is the prime task of theoretical economics. Without correct axioms,no correct theory....
All are agreed that orthodox economics is unsatisfactory but there is wide disagreement, especially ...
The present paper takes it as an indisputable fact that subjective-behavioral thinking leads, for de...
Economists disagree; this is a matter of fact. Economics has an empirical methodology to verify what...
Neither Walrasians nor Keynesians have a clear idea of the fundamental economic concepts income and ...
Economics does not need a scientific revolution. Economics needs accurate measurements according to ...
In the wake of the recent financial crisis heterodox economists have taken up a time-honored refrain...
When we characterize an argument that has no sound theoretical foundation as political, then what ha...
In The Econocracy: The Perils of Leaving Economics to the Experts, Joe Earle, Cahal Moran and Zach W...
Economists have the habit of solving the wrong problems. They speculate circumstantially about the ...
Economics is drowning in a flood of bad books and papers, many of them written with the sole objecti...
The author believes that his concept “Biased Equilibrium” based on information sharing strategies of...
The representative economist does not understand the two most important phenomena in the economic un...
The characteristic capability of science – to turn whatever it might touch into knowledge – seems to...
Most non-economists tend to think that economists know what they are talking about when they use spe...
Axiomatization is the prime task of theoretical economics. Without correct axioms,no correct theory....
All are agreed that orthodox economics is unsatisfactory but there is wide disagreement, especially ...
The present paper takes it as an indisputable fact that subjective-behavioral thinking leads, for de...
Economists disagree; this is a matter of fact. Economics has an empirical methodology to verify what...
Neither Walrasians nor Keynesians have a clear idea of the fundamental economic concepts income and ...
Economics does not need a scientific revolution. Economics needs accurate measurements according to ...
In the wake of the recent financial crisis heterodox economists have taken up a time-honored refrain...
When we characterize an argument that has no sound theoretical foundation as political, then what ha...
In The Econocracy: The Perils of Leaving Economics to the Experts, Joe Earle, Cahal Moran and Zach W...
Economists have the habit of solving the wrong problems. They speculate circumstantially about the ...
Economics is drowning in a flood of bad books and papers, many of them written with the sole objecti...
The author believes that his concept “Biased Equilibrium” based on information sharing strategies of...