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...If you look at mainstream economics there are three things you will not find in a mainstream economic model - Banks, Debt, and Money. How anybody c...more

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Economics also has to become a fundamentally monetary discipline—from the consideration of how individuals make market decisions through to our unders...more

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An essential pedagogic step here is to relegate the teaching of mathematical methods in economics to mathematics departments. Any mathematical trainin...more

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Neoclassical economics has effectively insulated itself from the great advances made in science and engineering over the last 40 years. This self-impo...more

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From this failure to expunge the microeconomic foundations of neoclassical economics from post-Great Depression theory arose the "microfoundations of ...more

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The fallacy that dynamic processes must be modeled as if the system is in continuous equilibrium is probably the most important reason for the intelle...more

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This resulted in a model of the macroeconomy as consisting of a single consumer, who lives for ever, consuming the output of the economy, which is a s...more

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Have you heard the joke about the chemist, physicist and economist who get wrecked on a desert isle, with a huge supply of canned baked beans as their...more