Occasional Tweets: The definition of economics

 

#Economics#FailedScience#Economists#StupidOrCorruptOrBoth

Economics ― still the ‘science’ of the mentally impairedhttps://t.co/3kG8ZmexOH#DefundEconomics #FireEconomists #ScrapTheLot pic.twitter.com/cr3YYRHvBo

— E.K-H (@AXECorg) April 7, 2021

Failure

The history of economic thought is the history of scientific failure.

• Economics: failure, fake, fraud
• Economics: A failed/fake science for 200+ years
• Blowing smoke about bipartisan failure
• Economic policy and the skirmishes of failed/fake scientists
• The failure of Post Keynesianism
• Did economics fail? No! Yes, and everybody knows it!
• Why is economics a total scientific failure?
• Heterodoxy ― an axiomatic failure just like Orthodoxy
• What makes economics a failed science?
• What is so great about cargo cult science? or, How economists learned to stop worrying about failure
• Mass unemployment: The joint failure of orthodox and heterodox economics
• Failed economics: The losers’ long list of lame excuses
• Why economics is a failed science ― 24 excuses and 1 explanation
• OMG, after 200+ years, economics becomes a science
• Your economics is refuted on all counts: here is the real thing

Paradigm Shift

• Old definition, subjective-behavioral, microfoundations: "Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses." (Robbins)
• New definition, objective-systemic, macrofoundations: Economics is the science that studies how the monetary economy works.

For more about systems science see AXECquery.

For more about Paradigm Shift see AXECquery.