Blog-Reference and Blog-Reference
Economics is a failed/fake science. The major approaches ― Walrasianism, Keynesianism, Marxianism, Austrianism ― are mutually contradictory, axiomatically false, materially/ formally inconsistent, and all got the foundational concept of the subject matter ― profit ― wrong.
As a result, since Adam Smith/Karl Marx economic policy guidance NEVER has had sound scientific foundations.#1 This, of course, holds also for Marxism.
- Marx’s profit theory is provably false.#2
- As a consequence, the concepts of exploitation and classes are false.
- Marx lacks the concept of cross-over exploitation.#3, #4
- Because the foundational concepts are false, Marx’s whole analytical superstructure is false.
- Because the theory is defective, Marxian economic policy guidance was bound to fail from the very beginning.
- After-Marxians have not spotted Marx’s foundational blunder to this day.#5
- Marxians are scientifically incompetent just like non-Marxians and all together are only employable as clowns and useful idiots in the political Circus Maximus.
Forget the whole Capitalism/Socialism/Communism thing. Neither left-wing nor right-wing economists ever knew what profit is and how the actual monetary economy works. Economics has no scientific truth-value, only political use-value.
Egmont Kakarot-Handtke
#1 Karl Marx, fake scientist
#2 Profit for Marxists
#3 Capitalism, poverty, exploitation, and cross-over exploitation
#4 If we only had classes
#5 Economists simply don’t get it