An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Sunday, January 13, 2019
Lars P. Syll — What is missing in Keynes’ General Theory
“His Collected Works show that he wrestled to solve the Profit Puzzle … but in the end he gave up…” (Tómasson et al.)
Keynes NEVER got the foundational concept of economics ― profit ― right. Keynes NEVER understood how the economy works. Keynesianism is proto-scientific garbage.
What is missing in Keynes?
ReplyDelete“His Collected Works show that he wrestled to solve the Profit Puzzle … but in the end he gave up…” (Tómasson et al.)
Keynes NEVER got the foundational concept of economics ― profit ― right. Keynes NEVER understood how the economy works. Keynesianism is proto-scientific garbage.
#DrainTheScientificSwamp
https://axecorg.blogspot.com/2018/12/drainthescientificswamp.html
For details of the big picture see cross-references Keynesianism
http://axecorg.blogspot.com/2016/09/keynesianism-cross-references.html
and cross-references Profit
http://axecorg.blogspot.com/2015/03/profit-cross-references.html
Egmont Kakarot-Handtke
Don't feed the troll.
ReplyDelete