An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Economics — from storytelling to scienceComment on Lars Syll on ‘Economics — an empty and inexact science’Lars Syll argues: “Mainstream economics is in the story-telling business whereby economic theorists create make-believe analogue models of the real economic system.”This, of course, is correct. The problem is that traditional Heterodoxy has NO alternative to offer but is since 200+ years also in the story-telling busines. See:Redefining economicshttp://axecorg.blogspot.de/2017/04/redefining-economics.htmlFrom the pluralism of false models to the true economic theoryhttp://axecorg.blogspot.de/2017/04/from-pluralism-of-false-models-to-true.htmlThe futile synthesis of neoclassical rubbish and Keynesian garbagehttp://axecorg.blogspot.de/2016/12/the-futile-synthesis-of-neoclassical.htmlEconomics and the social science delusionhttp://axecorg.blogspot.de/2016/03/economics-and-social-science-delusion.htmlThe Law of Economists’ Increasing Stupidityhttp://axecorg.blogspot.de/2017/04/the-law-of-economists-increasing.htmlIn order that economics can speedily progress from cargo cult science to science it is necessary that both orthodox and heterodox storytellers retire.Egmont Kakarot-Handtke
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