Saturday, August 18, 2012
Weekend Reading — More Debunking Neoclassical Economics
The article is fairly short, but if you don't read anything more, at least read the first section, "Origins of Neoclassical economic theory." Junk economics based on bad physics. The whole model is bonkers. I regard this as a must-read. Most books on economics overlook this.
The Encyclopedia of Earth
Neoclassical economic theory
Robert Nadeau | Professor of Environmental Science and Public Policy at George Mason University
Subscribe to:
Post Comments (Atom)
6 comments:
I just get a title with a blank page.
Thanks for the link. I had read about the short-comings of neo-classical economics before, but this article points out the utter stupidity of the so-called founders of the theory of 'equilibrium state' economics. The situation would be hilarious were it not related to the reality of the belief system and the lack of rigor/reality of so many of today's main-stream economists today.
Tom -- Link goes to EoE website without article. Had to search on author's name to find it.
And then, the link from the search page gets an EoE page without any article.
Found it. Seems the problem is my browser. Sorry.
If the page comes up empty, try pasting on the URL
http://www.eoearth.org/article/Neoclassical_economic_theory#gen1
Post a Comment