August 16, 2016

ICYMI/Heterodoxy

Comment on Noah Smith on ‘Economics Without Math Is Trendy, But It Doesn’t Add Up’

Blog-Reference and Blog-Reference adapted to context

Noah Smith is only partly correct. The whole truth is that Walrasianism, Keynesianism, Marxianism, Austrianism is PROVABLE false, i.e. materially and formally inconsistent. It is not just about Orthodoxy and Heterodoxy. The ultimate reason for the all-round failure is the scientific incompetence of economists (including Noah Smith, of course).

For more details about the actual state see ‘The scientific self-elimination of Heterodoxy’ and cross references.

Egmont Kakarot-Handtke

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