… finding acolytes… deriving this question: why is it that we denigrate those who question our knowledge? Particularly found amongst innovation experts, teachers of business development laying claim to complete, rigorous knowledge of economics, certainly with regard superior to those amateur economist participating in an economy without PhD skills. War games without basic training.

It is best to avoid calling out: “people who denigrate modern economics – the neo-Marxists, the back-of-the-room scribblers, the wannabe-contrarian-dilletantes” from an endowed hot-tub.

does John and Jean Doe, who were mere Smithies in their daily job, stand a chance — have any luck. Their starting point is never the same. Choice is chuck and duck. Which grid do they play> Giffen, Marshall, Veblen <

The market is no place for economists — Sonnenschein-Mantel-Debreu “Anything Goes”

The invisible hand is taken at faith value ..[ AI TRANS took it at cliche value] https://books.google.ca/books?id=HAiMDU4qv0IC&pg=RA1-PA208&lpg=RA1-PA208#v=onepage&q&f=false

• — https://www.jstor.org/stable/1824735
• https://www.pnas.org/doi/abs/10.1073/pnas.38.10.886
• http://darp.lse.ac.uk/PapersDB/Debreu_(ECMET_70
• https://www.cambridge.org/core/journals/journal-of-the-history-of-economic-thought/article/abs/div-classtitlearrow-and-debreu-de-homogenizeddiv/761E76D5A52C948615066F502277D9DD

Flower Pot economics — works in small examples

Blackboard Jungle — lots of squiggles, easily erased.

Point out a market that achieved equilibrium, please.

The main results of this paper are two theorems stating very general conditions under
which a competitive equilibrium will exist. Loosely speaking, the first theorem
asserts that if every individual has initially some positive quantity of every com-
modity available for sale, then a competitive equilibrium will exist. The second
 theorem asserts the existence of competitive equilibrium if there are some types
of labor with the following two properties: (1) each individual can supply some
positive amount of at least one such type of labor; and (2) each such type of
labor has a positive usefulness in the production of desired commodities. The
conditions of the second theorem, particularly, may be expected to be satisfied
in a wide variety of actual situations, though not, for example, if there is insuf-
ficient substitutability in the structure of production. -- Existence of an Equilibrium for a Competitive Economy. Kenneth J. Arrow; Gerard Debreu, 1954