This paper disproves the Smith and Ricardo theory of land and rent, and the Henry George single tax. In particular, it shows that land supply is not perfectly elastic, and that landlords are not doing nothing. This paper argues that land is as precious as diamond, that taxing land discourages...

This paper tries to reproduce a traffic supply curve using the method suggested by Walters (1961), but finds that the result is anything but positive. Instead, this paper proves that such curves belong to the road users in a negative relation. Traffic involves cost, and toll and congestion...

This paper proves that the traditional wisdom of robbing the rich for the poor will end up with just the opposite result. Evidences are given to confirm that such unjust re-distribution is happening in the real world. Welfare economists should be fired: to be replaced by wealth economists

This paper dispels Hotelling's theory of making consumers more miserable for higher profit. It proves that any seller doing so is self-damaging. Finally, it verifies that real sellers will take positive action to facilitate consumer transportation

This paper applies Hotelling's model to correct the Bertrand and Cournot duopoly theories. It improves Bertrand's result by showing that duopoly competition never drives price to zero, and enlarges Cournot's result by showing that two duopolists capture the whole market. Finally, this paper...

This paper disproves Diamond's search theory. Diamond transformed from an identity of employed workers and filled jobs to another of their surplus. This paper proves that such transformation is invalid, and that the resulting identity does not hold. This paper also proves that even the asset...

This paper proves that the Mortensen-Pissarides matching theory is nothing but a tautology. They started with an assumption and ended with the same as solution. Their assumption/solution is also at odds with the Beveridge, or the negative vacancy-unemployment relation

This paper reveals how economists have abused calculus. Marginalism is merely a condition in the optimization process; it cannot be taken as the end solution. Becker's attempt to combine two marginal conditions together is catastrophic, for his two teams of workers digging from two ends of a...

This paper shows that marginal measures can be easily exploited, and proves that they are only half-baked products. Marginal measures are condition for maximization, for deriving the ultimate demand and supply functions, which are then immune from being exploited. This paper suggests that many...