The Anything Goes Market Demand Curve - by Steve Keen

#politics #economics #ideology

Macro-economics is a pseudo science, new episode.

This result—now known as the Sonnenschein-Mantel Debreu Theorem—showed that, not only can macroeconomics not be derived from microeconomics, but that even microeconomics itself—the analysis of demand for a single market—cannot be derived from microeconomics—the theory of the consumption behaviour of an individual.

https://profstevekeen.substack.com/p/the-anything-goes-market-demand-curve-015