Economics and politics - comment and analysis

China and the free traders

These days, it is easy to see how a misunderstanding of economic processes can lead to enormous political conflicts. The tariffs that Europe, driven by the European Commission and its head Ursula von der Leyen, wants to impose on Chinese electric cars show once again that modern politics causes enormous damage because politicians do not even begin to understand the systems they are intervening in. …

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A book on overcoming neoclassical equilibrium economics

19. September 2024 I General

Last week, a book of mine was published – in German for now – in which my kind of economics (what I call relevant economics) is given a scientific basis. The title is: “Principles of Relevant Economics”. Eight most important statements (representing the 8 chapters of the book) are printed on the back of the book, …

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