Whitehead’s fallacy of misplaced concreteness and the unfortunate uselessness of all monetary-macro theory micro-founded on Walrasian-Pareto general equilibrium theory
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- Colin Rogers, 2018. "The Conceptual Flaw in the Microeconomic Foundations of Dynamic Stochastic General Equilibrium Models," Review of Political Economy, Taylor & Francis Journals, vol. 30(1), pages 72-83, January.
- Colin Rogers, 2014. "Why ‘state of the art’ monetary theory was unable to anticipate the global financial crisis: a child's guide," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 11(3), pages 300-314, December.
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Keywords
Fallacy of misplaced concreteness; Walrasian-Pareto GE idealisation; Mistakes in reasoning; the Hahn problem; Frictionless barter; Moneyless models;All these keywords.
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