April 2, 2020

Stop Recycling Dead Economic Theories, Start the Paradigm Shift {76}

The major approaches Walrasianism, Keynesianism, Marxianism, Austrianism, MMT are mutually contradictory, axiomatically false, materially/formally inconsistent and all got the foundational concept of the subject matter profit wrong. What we have is the pluralism of provably false theories. Criticism and marginal improvements are pointless. It takes a new theory to beat an old theory.