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.
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).