1st of May: International Workers Day
Time to liberate people from the chains of greedy Finance and dogmatic Economics!
In other words:
a) to put finance again where it belongs, ie not at the center of the economy, but in an assisting role (where it once was, a service to the real economy)
b) for Economics to move past theories that have acquired dogmatic status and remake Economics a useful but less deterministic tools in understanding the economic behaviour of people and organisations.
2 comments:
Which economic theories are you referring to as being dogmatic and should be changed?
Which? I am not going to write a book to reply. But for example, most of the economic theories applied at the Eurozone at present. Including the 2% inflation target. If you read enough of my blog post you will see more. Including Ricardo's comparative advabtage theory and many more.
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