tag:blogger.com,1999:blog-2761684730989137546.post6652309774937698285..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: Peter Cooper — Disequilibrium Dynamics of Output and Demandmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-29697426045697876252018-01-30T06:21:08.240-05:002018-01-30T06:21:08.240-05:00Note on Peter Cooper’s ‘Disequilibrium Dynamics of...Note on Peter Cooper’s ‘Disequilibrium Dynamics of Output and Demand’<br /><br />In economics, there is NO such thing as equilibrium. By consequence, there is NO such thing as disequilibrium. By consequence, there is NO such thing as a “tendency for actual output to converge on equilibrium output.” All economic models that apply the concept of equilibrium/disequilibrium are a priori false.<br /><br />For details see<br />Equilibrium and the violation of a fundamental principle of science<br />http://axecorg.blogspot.de/2017/06/equilibrium-and-violation-of.html<br /><br />Egmont Kakarot-Handtke<br /><br />#DebunkingEconomics #DebunkingMMT #MMT #MMT2018 #FailedScience #FakeScience #CargoCultScience #BogusScience #ScientificIncompetence #MacroEconomics #Equilibrium #ProfitTheory #SectoralBalances #SavingEqualsInvestment #ParadigmShift #MacroFoundations #Axiomatization AXEC / E.K-Hhttps://www.blogger.com/profile/10402274109039114416noreply@blogger.com