December 26, 2015

Confused confusers

Comment on Eric Lonergan on ‘Sitting on cathedral steps’


You write “Confusion in economics often resides in methodology — an area where economists are weak, ...”

Confusion in economics is due to the scientific incompetence of economists and nothing else.
(i) The first thing one has to realize is that economics is a failed science, see blog post ‘How the intelligent non-economist can refute every economist hands down’.
(ii) As you correctly state, economic methodology is a deplorable mess, see blog post ‘Towards the true economic theory’ and ‘How economists became the scientific laughing stock’.
(iii) With regard to monetary theory you are part of the crowd of confused confusers (2013), see blog post ‘Money and debt in six elementary steps’.

Egmont Kakarot-Handtke

Kakarot-Handtke, E. (2013). Confused Confusers: How to Stop Thinking Like an Economist and Start Thinking Like a Scientist. SSRN Working Paper Series, 2207598: 1–16. URL