Category Archives: Science

Science and its relation to economics

Economic Pluralism and Science

Posted on April 19, 2017 by admin

To be useful, constructive criticism should be given to the person expressing the erroneous ideas.  However, the blog editor of Real-World Economic Review (RWER), who is a leader and protagonist in the movement for economic pluralism, has refused to publish … Continue reading →

Posted in Econoclasm, Economics, Science | Leave a comment

Scientific Economics: Review of Progress

Posted on August 28, 2016 by admin

It has been three years since this blog was launched with an inaugural post in August 2013.  What has been achieved by way of progress in building a scientific economic paradigm?  Considering the scope and ambition of the project – … Continue reading →

Posted in Economics, Paradigm, Science | 1 Comment

How Much Capitalism?

Posted on April 14, 2016 by admin

How much capitalism is optimal for economic growth and stability?  Or, equivalently, the question is how much socialism or government?  Until now, no one appears to have posed this question, as most people tend to favour more and more of … Continue reading →

Posted in Economics, Science | Leave a comment

Pluralism of Cognitive Dissonance

Posted on January 13, 2016 by admin

Pluralism is the enemy of science. At any given time, science deals only with a single most correct theory in any particular domain, not with multiple incorrect theories. There is a huge difference between evaluating many new ideas and the … Continue reading →

Posted in Econoclasm, Economics, Science | 7 Comments

Capitalism and Economic Growth

Posted on September 22, 2015 by admin

The global financial crisis (GFC) has been blamed on the failure of capitalism, with the 2011 Occupy protests declaring, “capitalism isn’t working” (Hussey, 2014). What is capitalism which has failed? Economists appear reluctant to define explicitly key economic terms such … Continue reading →

Posted in Economics, Methodology, Science | 7 Comments