Onblog Economics Muddle Busting

64 Pages Posted: 5 Dec 2014 Last revised: 6 Dec 2014

See all articles by Egmont Kakarot-Handtke

Egmont Kakarot-Handtke

University of Stuttgart - Institute of Economics and Law

Date Written: December 4, 2014

Abstract

The representative economist does not understand the two most important phenomena in the economic universe: profit and income. Because of this economists have nothing to offer in the way of a scientifically founded advice. Therefore, the contributions to economic blogs cannot claim to offer more than personal opinion. Of opinions, though, economics always had plenty. What is needed is knowledge – scientific knowledge, that is. With the outline of the correct economic paradigm at hand it is straightforward to refute obsolete approaches. For this purpose the economics blogs are ideal. A selection of recent comments is reproduced in the present paper.

Keywords: new framework of concepts, structure-centric, axiom set, economics blogs, dead-ideas-recycling

JEL Classification: B59, B49

Suggested Citation

Kakarot-Handtke, Egmont, Onblog Economics Muddle Busting (December 4, 2014). Available at SSRN: https://ssrn.com/abstract=2533944 or http://dx.doi.org/10.2139/ssrn.2533944

Egmont Kakarot-Handtke (Contact Author)

University of Stuttgart - Institute of Economics and Law ( email )

Keplerstrasse 17
Stuttgart
Germany

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