Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:RoXY:MV8xNTc4NDI2XzMyMDEyMjg3Xzk1NERBNEU2] [b]Mainstream Economics is a Cult[/b] by Washington's Blog June 30, 2012 [b]Neoclassical Economics Is Based on Myth[/b] Neoclassical economics is a cult which ignores reality in favor of shared myths. Economics professor Michael Hudson writes: [One Nobel prize winning economist stated,] “In pointing out the consequences of a set of abstract assumptions, one need not be committed unduly as to the relation between reality and these assumptions.” This attitude did not deter him from drawing policy conclusions affecting the material world in which real people live…. Typical of this now widespread attitude is the textbook Microeconomics by William Vickery, winner of the 1997 Nobel Economics Prize: “Economic theory proper, indeed, is nothing more than a system of logical relations between certain sets of assumptions and the conclusions derived from them… The validity of a theory proper does not depend on the correspondence or lack of it between the assumptions of the theory or its conclusions and observations in the real world. A theory as an internally consistent system is valid if the conclusions follow logically from its premises, and the fact that neither the premises nor the conclusions correspond to reality may show that the theory is not very useful, but does not invalidate it. In any pure theory, all propositions are essentially tautological, in the sense that the results are implicit in the assumptions made.” Such disdain for empirical verification is not found in the physical sciences. [b]CONTINUE: http://globalresearch.ca/index.php?context=va&aid=31696[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Woman Reveals Mortifying First Date Bathroom Incident in Twitter Rant
Warning for young children, the elderly, and those with respiratory problems. 22 PA counties are under a Code Orange for May 25th.
University Scientists Capture Raw Footage of UFO Showing Up At Their Observatory in Norway
Has Bill Gates gone too far?
NASA Dropped a 2-ton Kinetic Missile on the Moon: What Did They Destroy?
Russian News Documentary Confirms that Nibiru Is Headed Towards Planet Earth
Independent scientists WARN: 'Most currently published research findings are FALSE..
American doctor sends brutal warning to the public: Money, marketing and legislation are fueling the opioid epidemic
Government Secrets: Secret Plane in Space for a Year Now, Nobody Knows its Mission [Video]
Model That Correctly Predicted Every Election Since 1980 Gives 2016 Verdict
The Illuminati Were Amateurs — The Facts Shows These Five Families Rule the World
The FBI's Secret Biometrics Database They Don't Want You To See
Mysteriously, our Genetic Code Stopped Evolving 3 Billion Years Ago
Consciousness survives after physical organs stop functioning; study proves the mind does not die with the body
Police could take over your self-driving car
The FBI Wants to Keep the National Biometric Database a Secret
Perverts can take photos of you through your TV without you ever knowing
Are You Letting Witchcraft Into Your Home?
House erupts in chaos after LGBT vote
Thousands are dying under government-run healthcare in the UK
Girl Scouts Now Welcoming Transgender Boys
HIV cure a step closer after scientists remove virus’s DNA from living tissue
US Lobbyist insist that Obama will reveal intelligent aliens exist and have visited Earth before end of his final term
Third Of Cash Owned By 5 U.S. Companies
Huffington Post Insist Mary and Jesus Were “Transgenders”
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.01s (12 queries)