August 31, 2025

Occasional Xs: The futile attempt to recycle Austrianism (XLXI)

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#Economics #AllYouNeedToKnow Profit is the pivotal concept for the analysis of how the economy works. Without a correct profit theory, econo...

Occasional Xs: Clueless economists / Science (CLXXXIX)

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  #Economics #AllYouNeedToKnow “Lausanne, where much of modern economics was born. Walras & Pareto worked here.” (Kaushik Basu) Modern ...
August 30, 2025

Occasional Xs: The foul spirit of political economics (CXLII)

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#Economics #AllYouNeedToKnow “A bigger debt means that the next generation gets more money not less.” (Max Jerneck) Either Max Jerneck does ...
August 29, 2025

Occasional Xs: How it works (CCCXCII)

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#Economics #AllYouNeedToKnow “UK govt handed £895bn QE to banks. Bought bonds/gilts, now selling at loss. It also pays interest on banks...

Occasional Xs: Clueless economists / Science (CLXXXVIII)

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  #Economics #AllYouNeedToKnow Joseph Schumpeter was right about everything. He clearly stated that economics is failed/fake science and de...
August 28, 2025

Occasional Xs: The futile attempt to recycle Austrianism (XLXI)

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#Economics #AllYouNeedToKnow “I think it will be useful and also an invitation to others to join us in our inquiry into political economy.” ...

Occasional Xs: The futile attempt to recycle Austrianism (XLX)

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#Economics #AllYouNeedToKnow Javier Milei is a proponent of the Austrian School of Economics. Economics claims to be science but is not. Aus...