Fatal Misnomers: “All Dead in the Long Run”
For a starter, Macroeconomics is no more economics than Metaphysics is physics. Among other nonsenses, macroeconomics is laden with misnomers . We mean “oxymora in the bad and wrong meaning,” however popular and influential they may be. There in English vocabulary is a word “ oxymoron ,” which is sometimes of Sense and Sensibility; while other times of Nonsense and Insensibility. To the former do such terms as a “graduate student” and a “silent alarm” belong: To the latter such as “an ethical American lawyer” and “the Cambridge Quantity equation ” ( J.R. Hicks , 1937). The GOAT: “ In the long run we are all dead .” Certainly we are all dead post crossing the River, or posthumous . Equally “obvious,” we are not in Here ante birth, or prenatal . We exist in this world merely in between prenatal and posthumous. ...