Lars Syll — Economics textbooks – decades of scientific fraud

Lars samples introductory economics texts and discovers rampant fraud.

For almost forty years neoclassical economics itself has lived with a theorem that shows the impossibility of extending the microanalysis of consumer behaviour to the macro level (unless making patently and admittedly insane assumptions). Still after all these years pretending in their textbooks that this theorem does not exist – none of the textbooks I investigated even mention the existence of the Sonnenschein-Mantel-Debreu theorem – is outrageous.

Lars P. Syll's Blog
Economics textbooks – decades of scientific fraud
Lars P. Syll | Professor of Social Studies and Associate professor of Economic History, Malmö University