Collapse of an Economics Foundation

ebook Profit Economics

By Hak Choi

cover image of Collapse of an Economics Foundation

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Isoquant-budget line is the foundation of Economics. Neoclassical economists claim that such a model can deliver maximum output given cost, minimum cost given output, or simply maximum profit. This book shows that it delivers only inconsistent output given cost, inconsistent cost given output, and erratic profit. Without a solid foundation, the entire Economics would also collapse.

Collapse of an Economics Foundation