Most people think that macroeconomics is a legitimate subject because its experts are employed by prestigious organizations like central banks, World Bank, International Monetary Fund, treasury departments, investment funds, and universities. They don’t know that macroeconomics is colonialism by another name. In this post, I will describe what macroeconomics is, and how it is used …
I used the last post to weave many seemingly disjointed ideas—modalities, inseparability, qualities, how the illusion of motion is created without a motion by revelation and hiding of modes, how this leads to alternative ideas of space and time, an alternative conception of laws of motion, and why the idea of a separated reality modeled …
Laws are supposed to predict and explain. Predict means to describe the future relative to the present. Explain means to justify that prediction based upon ideas about reality. The Law of Diminishing Returns is a law that predicts that returns on investment must diminish over time but does not explain it. Without the explanation, we …
Economics has an unknown enemy in the Second Law of Thermodynamics, which says that entropy (disorder) cannot decrease in a physical process. If the net disorder is increasing, then how can there be net growth in wealth? Net growth in wealth is possible only with a net increase in order. Conversely, if net order in …
In classical economic theories, the “market” is an abstract entity, used by everyone, but owned by no one. It could be regulated by a government by enacting the rules and regulations of market transactions, but even the government did not own the market (unless it was the sole producer and consumer). In fact, nobody could …
Many people realize at present that there are problems with capitalism, but opinion is divided on what should be done about it. This post explores the alternatives to capitalism and their problems. The reality is that there are no provably stable economic models today. Centuries of economic studies have failed to provide a theory or …
There is a popular narrative in India at present that Islamic Invaders and British Colonialists destroyed India’s traditional culture and civilization. That is not entirely false. But any serious student of history is led to ask: Why did these invaders succeed in conquering India when numerous such invasions were repelled previously? The Mauryan Empire in …
Profits require that the whole must be greater than the sum of the parts. For example, half a chair is not half price of the full chair; most times you cannot sell two halves of a chair separately, or price them separately, even when you assemble the chair yourself from packaged parts. Similarly, the price …
Free market economics is about competition between businesses, and it operates under the assumptions of a closed system in which wealth can be redistributed, but the total wealth must remain constant. Capitalism is the contrary idea that the economy is an open system in which wealth can be infused, in order to create a net …
