A new organization of my writings which target "Unlearning Economics" to understand reality.
For a collection of my writings presenting critiques of conventional economic theories, see: Guide to Economics.:
The World Economics Association online conference "The economics curriculum:towards a radical reformation" provides useful alternatives.
WEA Pedagogy Blog Post: 19 July 2013: Three Goals for Pedagogical Change
See Also: Critiques of Conventional Economics [link], which has an early version of these ideas, as well as many other critiques.
Empirical Evidence Against Utility Maximization: {link]
Frederick Lee & Steven Keen: A heterodox critique of microeconomic theory
Evidence Showing the Generosity is Natural To Human Beings, not Selfishnes
Evidence Against Profit Maximization by Firms. [link]
Evidence Against Determination of Price via Demand-Supply Equilibria [link]
Evidence Against Efficience of Free Markets.
Failures of Rationality Theories in Stock Market Context.
Failures of Arguments for Free Trade
Quotes from Leading Economists regarding Failure of Economics
Books and Articles discussing Failure of Economics as a discipline.
Economic Theories which led to Failures and Catastrophes [link]
Power/Knowledge Critique: http://www.washingtonsblog.com/2011/05/are-our-leaders-incompetent-or-just.html
Flaws in the Fundamental Welfare Theorems: (Foley)
Additional Reference: Amartya Sen Ethics and Economics.
USA ECONOMY FAILURESA: Illustration of current extreme inequality in USA: [link]
Questioning the Quantitative Imperative: Article says full information not always beneficial to patients.
Relevance of ETHICS to Economics; Normative Aspects of Economics. [link]
Is economics a science? Should economics be rigorous? by Paul Davidson
The Market Economy creates a Market Society with its own values and ethics, different from natural human tendencies.
“It is, of course, possible to base a critique of modern
economics on its identification of actual behavior with
rational behaviour, and such critiques have indeed been
forcefully presented”
See, in particular, Hirschman (1970, 1982), Kornai (1971), Scitovsky
(1976), Simon (1979), Elster (1983), Schelling (1984), Steedman and
Krause (1986).
Details of these references are in the bibliography of the book, see link above.
10: Business School Textbooks entitled: Consumer Theory discuss consumer theory from the point of view of business, which are radically different from the economic theory point of view. Surely, those who have practical experience in selling things to people should have some idea about what motivates consumers?
11. Effect of FRAMING. Same decision presented in different context leads to different outcomes. See Survey.