The Center for Economic Justice

Technical Papers

The scientific method* can achieve what economic theory cannot:
beyond Karl Marx, Adam Smith, and Keynesian Theory

The fundamental postulate** of econometricians precludes their simulation of the past, and therefore, their ability to project and plan the future

ONE RESPONSE TO FRUSTRATED ECONOMIC POLICY:
A MORE GENERAL THEORY
OF THE CONSUMPTION FUNCTION

A Paper Prepared for a Staff Seminar
National Bureau of Economic Research
New York, New York
November 16, 1973

DIALOGUE WITH A CEA ECONOMIST
An Excerpt from the 1975 Economic Report of the President

A Question-and-Answer Session Between Dr. Burress and a White House Economist Which Reveals the Economists' Stubborn Disregard for Facts in Favor of Their Econometric Model
March 12, 1975

* Scientific method as defined by the US Supreme Court in Daubert v Merrell Dow Pharmaceutical, Inc., 113 S. Ct 2786 (1993).  For a manual used by judges to apply this decision, see the Federal Judicial Center's Refernce Manual on Scientific Evidence (1994).

** The false premise that the cyclical income elasticity is less than unity is required by Keynes's 1936 Fundamental Psychological Law.  However, that law holds only during depressions like the 1930's when Keynes wrote.


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