Stories from Dr Asad Zaman
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Keynesian revolution and the Monetarist counter-revolution
The experience of the Great Depression showed that free markets cannot eliminate unemployment
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Confusing Greek methodology
What makes science interesting & exciting is that reasoning about the invisible reality is always fraught with danger
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The emergence of science
Logic reveals grand universal truths, while observations can only reveal lowly ‘contingent truths’
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The fairy tale of GNP per capita
Powerful economic propaganda makes innocent students believe in absolutely incredible myths about how economy works
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Looking through the veil of money
Many leading economists have come to agree that modern economic theory represents triumph of ideology over science
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The education of an economist
Economists don't study history as it is a record of particular events, while they search for universal scientific laws
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Why did no one see it coming?
Many leading economists have called for radical changes to bring economic theory into closer contact with reality
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Cold, calculating and callous
We cannot hope for a realistic economic theory until a more realistic theory of human behavior is adopted
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The evolution of secular thought
Foundation of secular thought rests on tolerance — it emerged to allow religious groups to live together in peace
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Market fundamentalism
It is free market fundamentalism which enables the rampage of uncontrolled capitalism