Volume 11, No. 2 (2008) In a recent article Robert P. Murphy (2006) uses Cantor's diagonal argument to prove that market socialism could not function, since it would be impossible for the Central...
Juliusz Jablecki
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A good acid test of the usefulness of an economic theory, writes Juliusz Jablecki, consists in a careful examination of its assumptions. If they are manifestly absurd, unrealistic, or even unrealizable — like the assumption of a continuum of traders or goods in the economy — then such a theory has nothing important to say about the way things really are, and should be treated as the joke it actually is. Mainstream economists, in their search for generality and a somewhat irritating "pretence of knowledge," deal almost exclusively with infinities - a dangerous and counterproductive notion to use in economics.
Why does Bush want Poland to host a missile shield? America's government, as the biggest warfare-state, isn't concerned with any Cold War sentiments, writes Juliusz Jablecki, but with global dominance. This requires, however, that its main challengers — the European Union, Russia, and China — who, by the way, also strive for hegemony — be kept in check: divided and defenseless. And what could possibly be a better means of attaining this goal than building military bases all across Eurasia and deploying a missile shield in Poland and the Czech Republic?
