Occasional Tweets: Since the classics, economists have no idea how the economic system works

 

#FailedScience#Economics is about how the economic #System works. #Economists do NOT understand it to this day. Supply-demand-equilibrium is proto-scientific garbage. The #ProfitTheory is false since Adam Smith. #Economists are NOT #Scientists but #Clowns in the #CircusMaximus. pic.twitter.com/4KaA05fBdg

— E.K-H (@AXECorg) October 24, 2021

For details of the big picture see cross-references Scientific Incompetence.