Economics Without Markets

The objective of this text is to see what economics can accomplish without relying on unrealistic and knowingly false assumptions; in other words, to replace ideas with facts. The facts are: markets do not exist, supply and demand do not exist, all sellers are monopolies. “I have no doubt that this small text contains errors that can be corrected by others. Its purpose, regardless of its oversights and shortcomings, is to offer a new beginning.” Dennis F. Paulaha