Supply and demand: reasons for scepticism

Supply and demand is perhaps the best known concept in economics. Much of undergraduate microeconomic teaching is based on this concept, and there is general agreement that it is one of the foundational concepts of the field. Even professors whose work involves challenging some of the assumptions of the field refer to it as theContinue reading “Supply and demand: reasons for scepticism”

Introduction

This blog, like so many others, will primarily be dedicated to criticising mainstream, or neoclassical economic thought, although I will undoubtedly be unable to resist criticising other schools of economics from time to time. There are of course many bloggers and academics criticising mainstream economics, however I believe many of the criticisms I am makingContinue reading “Introduction”