Economics and politics - comment and analysis

How to destroy neoclassical economics

Why neoclassical economics needs to be destroyed
Neoclassical economics hopelessly confuses many people. Personally, I felt better when Galbraith compared neoclassical economists to Randolph Churchill’s surgeons in one of Evelyn Waugh’s books – they found the only part of his body that was not malignant, …

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Reflections on the German economy. A macroeconomic approach. Part 9: Concluding remarks: recovery in the euro zone. By Egon Neuthinger

Reflections on the German economy. A macroeconomic approach. Part 9: Concluding remarks: recovery in the euro zone
By Egon Neuthinger
No recovery in the euro zone since the financial crisis of 2008/09
We choose to add concluding remarks in view of the world and regional periodic turmoil that economic conditions and policies have recently caused, …

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Reflections on the German economy. A macroeconomic approach. Part 8. The public debt obsession. By Egon Neuthinger

Reflections on the German economy. A macroeconomic approach. Part 8. The public debt obsession
By Egon Neuthinger
The one-sided public debt obsession
With the introduction of the deficits and debts brakes, the public sector balance should permanently and on average remain at zero or even attain a surplus. …

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