Posted To Andrew Lainton’s Blog and Various Other Places 09/05/2016

The problem with both DSGE and SFC models is they only splash around on the surface of accountancy examining debits and credits instead of looking into the empirical data of its more relevant subset cost accounting. Doing the latter one discovers how inherently dis-equilibrated and riven with unethically dominating institutions and enslaving ideas modern capital intensive economies actually are. And if they keep examining the present time economic and monetary realities therein they might even re-discover modernity’s biggest and most subtle menace….the habituation to abstraction at the expense of actual self awareness.

Leave a comment