We write this essay for both lay readers and scientists, though mainstream economists are welcome to enjoy it too. Our subject is the basic toolbox of mainstream economics. The most important tools in this box are demand, supply and equilibrium. …
The 1-2-3 Toolbox of Mainstream Economics Promising Everything, Delivering Nothing
Economics is a regional knowledge that is constructed with the help of specific discourses and forms of knowledge – mathematics, statistics and epistemology. Knowledge is produced about an object (which allegedly exists independently of the discourse) and under certain conditions …
Abstract What is the difference between endogenous and exogenous cause? Or, as earlier writers refer to the issue, causes that are ‘internal’ and causes that are ‘external’ to capitalism? Economics tends to play fast and loose with the term; an …