Blog-Reference and Blog-Reference
Lars Syll quotes Einstein: “If the observations of the red shift in the spectra of massive stars don’t come out quantitatively in accordance with the principles of general relativity, then my theory will be dust and ashes.” (1920)
The problem with Lars Syll is that he suffers from ADHD (Attention Deficit Hyperblathering Disorder). Check-back question: When did Lars Syll as the heterodox chief proponent of ontological-uncertainty/anything-goes last formulate a testable proposition?
Here are the test challenges for the fake scientist Lars Syll:
Profit Law “… the macroeconomic Profit Law for the open economy with a government is given as Q=Qm+Qn with Qm≡Yd+(I−Sm)+(G−T)+(X−M). Legend: Q total profit, Qm monetary profit/loss, Qn nonmonetary profit/loss, Yd distributed profit, Sm monetary saving/ dissaving, I investment expenditures, G government spending, T taxes, X export, M import. Because all variables are measurable, the axiomatically correct Profit Law is testable.” #1, #2, #3, #4
Employment Law “There is no need, though, to discuss much about contradicting assertions because the Employment Law is testable. Therefore, an experimentum crucis that settles the matter is possible in principle.” #5, #6, #7
Needless to emphasize that the scientifically incompetent representative economist habitually ignores all test challenges.#8 Lars Syll is NO exception. He knows very well that testing would turn his ramshackle Post-Keynesianism to dust and ashes.
#1 Economists and their silly excuses
#2 The key to macro and Keen's debt-employment model
#3 Profit: after 200+ years, economists are still in the woods
#4 First Lecture in New Economic Thinking
#5 You have the data, here is the Employment Law
#6 Keynes’ Employment Function and the Gratuitous Phillips Curve Disaster
#7 Essentials of Constructive Heterodoxy: Employment
#8 Profit and the Private-Property-Irrelevance Theorem
Related 'Economists’ proto-scientific methodology' and 'Ricardo, too, got profit theory wrong' and 'MMTers make capitalism work' and 'National Accounting: scientific incompetence or political fraud?' and 'Economists simply don’t get it'. For details of the big picture see cross-references Profit and cross-references Employment/Phillips Curve.