History, Evolution, and The Darwin Debate

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The mathematical delusions of economists, including Marx…

August 24th, 2017 · No Comments

The left, remarkably, due to the confusions of marxism, or Marx, has no real tools for analyzing economic systems. That of course could be severely challenged by considering all sorts of resources and texts.

Yanis Varoufakis:
Marx’s second error, the one I ascribe to commission, was worse. It was his assumption that truth about capitalism could be discovered in the mathematics of his models (the so-called ‘schemas of reproduction’). This was the worst disservice Marx could have delivered to his own theoretical system.

this is a problem of taking Marx dogmatically as a cult figure: the whole field should have evolved a better level of analysis. But the real source of the problem is the similar delusive character of economics as such, and this was compounded by neo-classical economics whose basis is mysterious and pseudo-scientific. A core fallacy is the use of differential equations for systems that contradict the whole game with free agency, a core issue for any economic system.

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