Occasional Tweets: Supply-demand-equilibrium ― the most idiotic construct in the history of economic thought

 

The history of economic thought is the history of scientific failure. #Economics has always been proto-scientific garbage because #Economists are too stupid for the elementary #Algebra of #MacroFoundations.

The profit theory is false since Adam Smithhttps://t.co/s3zlXjwArK pic.twitter.com/r4ekvf3oCm

— E.K-H (@AXECorg) February 11, 2022

For more about supply-demand-equilibrium see AXECquery.

For more about profit see AXECquery.

Related 'How to Get Rid of Supply-Demand-Equilibrium' and 'The logical interface between objective macrofoundations and subjective valuations' and 'The Law of Supply and Demand: Here It Is Finally'.