Showing posts with label Business cycle. Show all posts
Showing posts with label Business cycle. Show all posts
September 19, 2026

Occasional X: How it works (DXVIII)

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“What is the Austrian Theory of the Business Cycle and why is it important today?” (In Gold We Trust) Austrianism has always been failed/fak...
August 9, 2026

Occasional X: How it works (DI)

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“Eugen von Böhm-Bawerk sat in Vienna in 1884 and published Capital and Interest, and in doing so dismantled every socialist theory of exploi...
July 30, 2026

Occasional X: How it works (CDXCVI)

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  “Muh profit is theft!!!! Whereas in the real world, Marx’s own labor theory of value was dead by volume 3 of Capital after treating it as...
August 17, 2020

Fake America great again

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Comment on Barkley Rosser on ‘The End Of Special Fiscal Stimulus’ Blog-Reference Barkley Rosser reports on the actual state of the econo...
June 26, 2017

A note on Marshall's Magic Wand

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Comment on Sandwichman on ‘Marshall's Magic Confidence-Wand’ Blog-Reference and Blog-Reference Marshall explains commercial depress...
November 9, 2015

The irreparable unreality of all ‘real’ models

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Comment on David Glasner on ‘The Well-Defined, but Nearly Useless, Natural Rate of Interest’ Blog-Reference Keynes had a great methodolo...
July 27, 2015

What comes after debunking?

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Comment on Lars Syll on ‘Why Real Business Cycle models can’t be taken seriously’ Blog-Reference  and Blog-Reference Orthodoxy is a fail...
October 23, 2013

Redemption and depression {45}

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Working paper at SSRN Working paper at ARCHIVE Abstract  According to prevailing methodological criteria, standard economics is definitiv...
November 11, 2012

Intertwined real and monetary stochastic business cycles {36}

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Working paper at SSRN Working paper at ARCHIVE Abstract  There is no such thing as a ‘real’ economy. The task, therefore, is to consistent...
May 22, 2011

Schumpeter and the essence of profit {04}

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Working paper at SSRN Working paper at ARCHIVE Abstract  Schumpeter had a clear vision of the developing economy, but he did not formaliz...