a Nobel prize in economics represents a received wisdom stamp of approval

SchlauFuchs ⌂, Neuseeland, Mittwoch, 21.10.2015, 22:02 (vor 3751 Tagen) @ SevenSamurai1478 Views
bearbeitet von unbekannt, Mittwoch, 21.10.2015, 22:06

Nicole Foss schreibt:

<Zitat>There are no efficient markets, no rational utility
maximization, no equilibrium, no negative feedback, no perfect competition
and no perfect information<Zitatende>

Gab es nicht für die Entdeckung des Modells der effizienten Märkte den
Nobelpreis für Wirtschaftswissenschaften?

Das kann man doch nicht einfach so leugnen, oder?

Ihre Antwort:
There is no official Nobel Prize in economics, there is only a similar prize added later using the same name, and it is thoroughly grounded in the prevailing neo-classical model of economics. As such, a Nobel prize in economics represents a received wisdom stamp of approval. It is precisely this model that is the issue, and this received wisdom which is fundamentally flawed. Every one of its founding assumptions bears no relationship to reality. Economists may recognize this, and yet nevertheless defend the conclusions drawn from it. Neo-classical economics would have you believe that an economy can be modelled without reference to money, banking or credit, on the grounds that credit is demand neutral. This is patently false, as anyone who has lived through a credit bubble will know.

I would strongly recommend the book Debunking Economics, by Steve Keen, in which he decontructs the foundations of macro-economics and reassembles the discipline from the ground up.


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