Blog-Reference and Blog-Reference
The age-old problem with economists is that they are strong on opinion but weak on knowledge and that they suffer from mental incontinence, that is, the unstoppable urge to blather about every issue between heaven and earth, that is, from crime, addiction, psychology, sociology, philosophy, religion, sport, art, literature, ethics to their heroic fight for the welfare/freedom/survival of humanity. This is known as economics imperialism. The fact is, though, that economists have to this day NO idea how the economy works. Walrasianism, Keynesianism, Marxianism, Austrianism, MMT, Pluralism are mutually contradictory, axiomatically false, materially/formally inconsistent and all got the foundational economic concept of profit wrong. To this day, economists could not get their act together. Economists are scientifically incompetent and Marx/Marxians are NO exception. For details see:
► The economist as storyteller
► Karl Marx, fake scientist
► Profit for Marxists
► Marx, the moron
► Dear idiots, Marx got profit and exploitation wrong
► Here is the long-overdue scientific death certificate for Marx and Marxists
► Marx’s bicentennial ― nothing to discuss, nothing to celebrate
► 200 years in the dark ― how Marx got it wrong
► Capitalism, poverty, exploitation, and cross-over exploitation
► If we only had classes
► Socialism and scientific incompetence
► MMT and Marxism: A debate between proto-scientific zombies
► Marx and the curious coexistence of provably false economic theories
► Marxism is one of four instances of proto-scientific garbage
► Marx and Marxists ― too stupid for the elementary algebra of profit
► Who is really a scientist?
► The Law of Economists’ Increasing Stupidity
► Good news for the one-percenters
► The end of political economics (I)
► The end of political economics (II)
► Ricardo and the invention of class war
► Mathematical Proof of the Breakdown of Capitalism
► No future for Socialism and Capitalism
► Economists simply don’t get it
► Who is really a scientist?
► The Law of Economists’ Increasing Stupidity
► Good news for the one-percenters
► The end of political economics (I)
► The end of political economics (II)
► Ricardo and the invention of class war
► Mathematical Proof of the Breakdown of Capitalism
► No future for Socialism and Capitalism
► Economists simply don’t get it
► Rethinking the Profit Law
Egmont Kakarot-Handtke
Related 'Econogenics in action' and 'As Napoleon said: don’t listen to economists' and 'There is NO such thing as “smart, honest, honorable economists”'.
Egmont Kakarot-Handtke
Related 'Econogenics in action' and 'As Napoleon said: don’t listen to economists' and 'There is NO such thing as “smart, honest, honorable economists”'.
For more about Political Economics see AECquery.
For more about Karl Marx see AXECquery.