January 27, 2015

No religion, merely incompetence

Comment on Lars Syll on 'NAIRU — more religion than science'


The discussion about NAIRU has always been vacuous because employment is given by the testable formula on Wikimedia AXEC07

For the scientifically valid derivation see (2014) or (2012).

Egmont Kakarot-Handtke

Kakarot-Handtke, E. (2012). Keynes’s Employment Function and the Gratuitous
Phillips Curve Disaster. SSRN Working Paper Series, 2130421: 1–19. URL
Kakarot-Handtke, E. (2014). The Three Fatal Mistakes of Yesterday Economics: Profit, I=S, Employment. SSRN Working Paper Series, 2489792: 1–13. URL