June 22, 2017

Have we reached the bottom of gossip economics?

Comment on Barkley Rosser on ‘Saudi Succession Shuffle’


Always when you think you have seen the worst crap of economics you are in for a surprise because of Barkley Rosser posts on EconoSpeak.

To put things in perspective one has to realize that Barkley Rosser is the very incarnation of the representative economist. That is:

  • Since Econ 101 he has not understood what profit is.
  • He has never understood that Walrasianism, Keynesianism, Marxianism, Austrianism are mutually contradictory, axiomatically false, and materially/ formally inconsistent.
  • He has never understood that the pluralism of false theories makes economics a fake science.
  • He has never understood that economics is NOT about Human Nature/behavior/ reproduction but about the behavior of the economy.
  • He has never understood that most of the time violates scientific standards.
  • Instead of bringing himself scientifically up to speed, he clarifies Elvis’ genealogy: “Elvis Presley almost certainly had African ancestry, even if as the son of a culturally white family born in the heart of the racist Deep South in Tupelo, Mississippi, he never made any mention of this likely fact overtly to my knowledge.”
  • Instead of studying the cutting edge of economics, he gossips about the celebrities of the Saudi family: “Abdulaziz, who died in 1953 after uniting Saudi Arabia and having 43 sons and over 100 wives, although never more than 4 at a time. Certain wives were more important than others and produced more important sons, with basically only three in play here regarding possible future succession to the Saudi throne. And “Muhammed bin Salman is a millennial, and this is the moment of the millennials taking charge there, even if it is a ‘sloppy’ and ‘unwise’ and highly aggressive one that is doing so.”

Somehow, Barkley Rosser has come down to a dog breeder’s variant of political economics. And, having lost all perspective, he has no objections when the admin of EconoSpeak deletes posts that straightforwardly debunk his poor economics.

Not much positive can be said about the representative economist: he is a failed scientist and to call him sloppy and unwise would be a bit flattering.

Egmont Kakarot-Handtke

Preceding Needed: The Worst of the Worst of economics blogs and Garbage economics and First Lecture in New Economic Thinking.