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Thursday, July 30, 2020
The Cambridge Keynesians And “Bastard Keynesians” — V. Ramanan
Keynes got the move from microfoundations to macrofoundations wrong. Worse, Keynes got macroeconomic profit wrong. Because of this foundational blunder, the whole of Keynesianism is proto-scientific garbage.
Neither Joan Robinson, nor Bastard Keynesians, nor Post-Keynesians, nor Anti-Keynesians spotted Keynes' lethal blunder to this day.#1, #2
Because of this, all these scientifically incompetent folks are buried for good at the Flat-Earth-Cemetery.
Egmont Kakarot-Handtke
#1 See Ch. 13, The indelible scientific disgrace of economics, in Sovereign Economics, BoD https://www.bod.de/buchshop/sovereign-economics-egmont-kakarot-handtke-9783751946490
#2 See cross-references https://axecorg.blogspot.com/2016/09/keynesianism-cross-references.html
#ForgetKeynes
ReplyDeleteKeynes got the move from microfoundations to macrofoundations wrong. Worse, Keynes got macroeconomic profit wrong. Because of this foundational blunder, the whole of Keynesianism is proto-scientific garbage.
Neither Joan Robinson, nor Bastard Keynesians, nor Post-Keynesians, nor Anti-Keynesians spotted Keynes' lethal blunder to this day.#1, #2
Because of this, all these scientifically incompetent folks are buried for good at the Flat-Earth-Cemetery.
Egmont Kakarot-Handtke
#1 See Ch. 13, The indelible scientific disgrace of economics, in Sovereign Economics, BoD
https://www.bod.de/buchshop/sovereign-economics-egmont-kakarot-handtke-9783751946490
#2 See cross-references
https://axecorg.blogspot.com/2016/09/keynesianism-cross-references.html