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The Self-hating Economist

Economics is a sham science. I should know. I'm an economist.

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The Self-hating Economist | anti-econ.blogspot.com Reviews
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Economics is a sham science. I should know. I&#39;m an economist.
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The Self-hating Economist | anti-econ.blogspot.com Reviews

https://anti-econ.blogspot.com

Economics is a sham science. I should know. I&#39;m an economist.

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1

The Self-hating Economist: The Hypothesis

http://anti-econ.blogspot.com/2013/04/the-hypothesisthe-behavioral-model.html

Economics is a sham science. I should know. I'm an economist. Wednesday, April 24, 2013. That’s a recession Too pessimistic? That’s a recovery. Keynes was the original proponent of the Behavioral Hypothesis in his General Theory, published in 1936. The problem Economics had is that if Keynes’ ideas on uncertainty were implemented into conventional economic theory, most of it would have had to be thrown out. Therefore, the most important feature of Keynesian Economics was thrown out, so that...Very many e...

2

The Self-hating Economist: A Trip to Uncertaintyland

http://anti-econ.blogspot.com/2013/05/a-trip-to-uncertaintyland.html

Economics is a sham science. I should know. I'm an economist. Thursday, May 9, 2013. A Trip to Uncertaintyland. I promised myself I'd leave the scolding for a much later date and talk about decision making in economics to make this blog a bit more useful to people. Uncertainty is not a new topic to economics, but you wouldn't know it from the state of the discipline. Frank Knight wrote the most comprehensive analysis. Let's take a quick tour of the certainty/uncertainty spectrum according to Knight.

3

The Self-hating Economist: And so it goes

http://anti-econ.blogspot.com/2013/04/and-so-it-goes.html

Economics is a sham science. I should know. I'm an economist. Monday, April 29, 2013. And so it goes. The spreadsheet error heard 'round the world. How many angels can dance on the head of that pin? And then there are countries like the U.S. and Japan, which are not reliant on external financing and can for the time being monetize any realistic amount of debt. In this case, the percentage becomes meaningless. Does it matter that Japan owes 220% of GDP when 95% is owed to itself? So the hand-wringers will...

4

The Self-hating Economist: May 2013

http://anti-econ.blogspot.com/2013_05_01_archive.html

Economics is a sham science. I should know. I'm an economist. Monday, May 20, 2013. Well, don't ask *this* economist anyway. Greg Mankiw has a informative article up at the New York Times. Well, informative in that it typifies how clueless most mainstream economists are. If economists incorporated stock market behaviors into their theory, instead of sticking with a theory that only works in Fantasyland. They would be able to recommend stocks better than investment "professionals". Stocks and interest rat...

5

The Self-hating Economist: Equivalencies

http://anti-econ.blogspot.com/2013/05/equivalencies.html

Economics is a sham science. I should know. I'm an economist. Tuesday, May 7, 2013. Had a tiling project delay me. Back to normal tomorrow, with no scolding. This first, though. Dean Baker has a great post up stating the obvious. Just as an example, suppose the Fed had, instead of recapitalizing banks directly, established a fund called the Negative Equity Removal Fund (NERF). The Fed can do this type of thing. Subscribe to: Post Comments (Atom). Schedule for Week of Mar 12, 2017. I Am Out of Here!

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