Onblog Economics Muddle Busting

Egmont Kakarot-Handtke ()

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: new framework of concepts; structure-centric; axiom set; economics blogs; dead-ideas-recycling (search for similar items in EconPapers)
JEL-codes: B49 B59 (search for similar items in EconPapers)
Date: 2014-12-11
New Economics Papers: this item is included in nep-hpe
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