Occasional Tweets: The breaking point ― where economics went wrong

 

#LearnEconomics

Keynes' premise of GT p. 63, income = value of output, is false, therefore I=S and all the rest is false. ⇒https://t.co/DaUHva6outhttps://t.co/3x9c31peUBhttps://t.co/9QZWjJkNL9https://t.co/TGGYpnS9sG pic.twitter.com/NDE1Jz5os6

— E.K-H (@AXECorg) January 15, 2023

For details of the big picture see cross-references Refutation of I=S.