May 31, 2026

Occasional X: How it works (CDLXXIX)

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“At the limit, firms automate their way to boundless productivity and zero demand.” (Falk, Tsoukalas, quoted by Jack) AI brings employment a...

Occasional X: The foul spirit of political economics (CCLXVIII)

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“Marx is actually far more popular in English and history departments than economics departments, which is telling.” (Chris Freiman) Marx is...
May 30, 2026

Occasional X: The foul spirit of political economics (CCLXVII)

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When economists talk about the “top 4 leading figures of 20th century economics” one should never forget that economics has never reached th...
May 29, 2026

Occasional X: Economists’ eternal problem with methodology (XIV)

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“The 'Methodenstreit' is back!” (Mises Institute) No. The founding fathers defined economics as a social science, and accordingly, i...

Occasional X: The history of economic thought is the history of scientific failure (XLIII)

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The history of economic thought is the history of scientific failure. The major approaches (Walrasianism, Keynesianism, Marxianism, Austrian...

Occasional X: Clueless economists / Science (CCCXXXIV)

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“250 years after The Wealth of Nations, William Easterly's Violent Saviors revives Smith's core insight: development must arise from...

Occasional X: Clueless economists / Science (CCCXXXIII)

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“The Austrian corpus is internally consistent.” (Rothbard, quoted by Law the Lawless) No, Austrianism is axiomatically false and deductively...