© 2013

Toxic Economic Theory, Fraudulent Accounting Standards, and the Bankruptcy of Economic Policy

  • Authors

Table of contents

  1. Front Matter
    Pages i-xvi
  2. A Very Dismal Science

  3. The Microeconomic “Market-Value” Fallacy

    1. Front Matter
      Pages 21-24
    2. R. A. Rayman
      Pages 25-36
  4. The Macroeconomic “Single-Gear” Fallacy

    1. Front Matter
      Pages 61-64
    2. R. A. Rayman
      Pages 93-98
  5. The Tax that Got Passed by Mistake

    1. Front Matter
      Pages 99-101
    2. R. A. Rayman
      Pages 103-107
    3. R. A. Rayman
      Pages 108-115
    4. R. A. Rayman
      Pages 126-135
  6. Reform of the Tax System

    1. Front Matter
      Pages 137-140
    2. R. A. Rayman
      Pages 141-148

About this book


Exposes two fundamental theoretical errors responsible for the bankruptcy of modern economic policy. Toxic economic theory originates from its misconceived division into separate micro- and macro- compartments. It is responsible for fraudulent accounting standards, a dysfunctional system of taxation, and totally bankrupt macroeconomic policy.


Toxic economic theory capitalism economic policy economic theory economics efficiency growth macroeconomics microeconomics socialism taxation

About the authors

Anthony Rayman is the author of articles on economics, accounting, and taxation in professional and academic journals and in the financial press. His books include Price Stability and Full Employment (London: Political and Economic Planning (PEP), 1975), Economics Through the Looking-Glass (London: Ashgate, 1998), and Accounting Standards: True or False? (Abingdon: Routledge, 2006).

Bibliographic information