Why Should My Boss Get All the Profits?
28 Oct 2018 Leave a comment
in applied welfare economics, Austrian economics, entrepreneurship, financial economics, labour economics, labour supply, poverty and inequality Tags: labour theory of value
@ProfSteveKeen cites Bezemer when claiming he predicted #GFC (by predicting recession in Oz in radio interviews)
27 Oct 2018 Leave a comment
in business cycles, financial economics, macroeconomics, monetary economics Tags: cranks, forecasting, Post-Keynesian macroeconomics
@ProfSteveKeen never predicted GFC
22 Oct 2018 Leave a comment
in financial economics, macroeconomics
Post-Keynesian macroeconomists believe business cycle theory starts and finishes with recurrent private debt bubbles that lead to inevitable financial crashes because private investors repeatedly borrow more than they can pay back and never learn.
Bold, risky science in the finest tradition of Karl Popper. Keen strictly forbids a recession not following a build up of private debt. His theory is too bareboned to have a protective belt of auxiliary hypotheses that save him from refutation.
Post-Keynesians identified a great business opportunity shorting these recurrent debt bubbles but must crowd source further development of the Minsky Software that successfully predicted the GFC.
Top hedge fund managers earn at least $400 million a year so they could easily spare a few million dollars over lunch on the off chance that there is something in Post-Keynesian macroeconomics and the Minsky software.
The Efficient Market Hypothesis, An Update
16 Oct 2018 Leave a comment
in financial economics Tags: efficient markets hypothesis
Deirdre McCloskey explains the origin of consultants
11 Oct 2018 Leave a comment
in applied price theory, economic history, financial economics, law and economics Tags: Deirdre McCloskey
Jonn Cochrane Says Allowing European Defaults `Best’ for Euro
04 Oct 2018 Leave a comment
in budget deficits, business cycles, currency unions, Euro crisis, financial economics, law and economics, macroeconomics, monetary economics, property rights Tags: sovereign defaults
How Did Paul Krugman Get It So Wrong? John Cochrane
02 Oct 2018 Leave a comment
in budget deficits, business cycles, entrepreneurship, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics Tags: Paul Krugman
The power of the share market
01 Oct 2018 Leave a comment
in financial economics Tags: efficient markets hypothesis
Predicting the GFC, Karl Popper & the lure of prophecy
01 Oct 2018 Leave a comment
in financial economics, history of economic thought, macroeconomics, Marxist economics
From https://plato.stanford.edu/entries/popper/ and https://books.google.co.nz/books?id=zXh9AwAAQBAJ&pg=PA455&dq=karl+popper+Conjectures+Refutations+%22the+dream+of+prophecy%22&hl=en&sa=X&ved=0ahUKEwiczvqg3uPdAhVDQd4KHRD8CPQQ6AEIKTAA#v=onepage&q=karl%20popper%20Conjectures%20Refutations%20%22the%20dream%20of%20prophecy%22&f=false
Why hasn’t GFC prophet @ProfSteveKeen founded a hedge fund with his retirement savings? @Chris_Auld @dandolfa
30 Sep 2018 Leave a comment
in business cycles, entrepreneurship, financial economics, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: Post-Keynesian macroeconomics
Why hasn’t GFC prophet @ProfSteveKeen founded a hedge fund with his retirement savings? @Chris_Auld @dandolfa
30 Sep 2018 Leave a comment
in business cycles, entrepreneurship, financial economics, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: cranks, Keynesian macroeconomics, Post-Keynesian macroeconomics
How much of a crank is @profstevekeen?
29 Sep 2018 Leave a comment
in applied price theory, financial economics, history of economic thought, industrial organisation, macroeconomics
From http://chrisauld.com/2012/12/06/steve-keen-still-butchering-basic-microeconomics/ at http://chrisauld.com/wp-content/uploads/2012/12/stern-debunking-review.pdf
Utopia, you are standing in it! 
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