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The Topsy-Turvy Wonderland of Single-Gear Economics

In: Toxic Economic Theory, Fraudulent Accounting Standards, and the Bankruptcy of Economic Policy

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  • R. A. Rayman

Abstract

Ever since King Canute proved that sovereignty over the waves could not prevent the Royal feet from getting wet, the futility of interfering with natural forces has been well understood. It used to be understood that the same applies to market forces: Interest (or Rent) of mony can bee no more stated by lawes then the Rent of Lands, prices of goods, or the wages of laborers and artisans. [Petty (1660) p.247]

Suggested Citation

  • R. A. Rayman, 2013. "The Topsy-Turvy Wonderland of Single-Gear Economics," Palgrave Macmillan Books, in: Toxic Economic Theory, Fraudulent Accounting Standards, and the Bankruptcy of Economic Policy, chapter 6, pages 65-75, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-30450-6_6
    DOI: 10.1007/978-1-137-30450-6_6
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