The Chimera of Macroeconomics

  We come into being with certain boundary conditions: 1)      Our time in Here is limited to 125 years. Therefore, we have to economize on time before all else. In other words, “ Saving Private Time ” (T) is it all through life.   2)      We have a life cycle of introduction, growth, maturity and decline. We in the introduction cycle largely rely on parents. On the contrary, we since the growth and on have to rely on the human and physical assets to which we are entitled; for the purpose of creating utilities for the sake of sustaining and pleasing the family on one hand; for the other goal of investing in assets for the future, for longer or for shorter, on the other hand. Economizing on the assets (M ∙ U) is the other key all through life.                            All in all, the largest bang for ...

  On One Side of the Equation Fact 1: Paul Samuelson says (1948), “What is true for each is not necessarily true for all; and                           conversely, what is true for all may be quite false for each individual.” Fact 2: “The marginal thinking” Gregory Mankiw talks about (1998) is applicable to each household,           never to all the households in the economy. Fact 3: A divide is not necessarily a “margin” that Mankiw refers to.   Fact 4: In the national income accounting, there are no “margins” but there are divides instead. The value of each and every marginal dollar or marginal pound is everywhere except for in Cambridge $1.00 or ₤ 1.00 per annum and even per saeculum . Not to mention, such secularity holds true only with no outside invasions, or ceteris paribus . All in all, Marginal Propensity the Famed equals Average Propens...