Never Reason from an Accounting Identity`
Brian Albrecht
Abstract
Economic confusion all around
Make this part of your paper trail
Save this paper to a shelf, write a review, and keep your own notes.
Community Ratings
★4(1 rating)
4
★★★★★
1 rating
5
0
4
1
3
0
2
0
1
0
Community Reviews
Isaac Chan
11/4/2026
This reinforced what Krugman taught - yes, accounting identities hold. Yes, we must track them. Yes, doing the decomposition is fun. But that's not economic analysis. Economic analysis is asking what changed? What caused things to be different? Accounting identities tell us nothing about causation.