The popular textbooks of Macroeconomics – by N Gregory Mankiw, Paul Krugman and Robin Wells, Olivier Blanchard, Andrew B. Abel and Ben S. Bernanke, William J. Baumol and Alan S. Blinder – suffer in common from several flaws.  Our subheadings immediately below and the pointers thereafter point out flaws and deficiencies in textbooks commonly used in higher education. Though the treatments in tis section are not exhaustive, they are sufficiently provocative; they should stimulate careful scrutiny of and skepticism regarding many traditional and conventional tenets.  Finally, though the treatments in this section are relatively brief and often primarily referential, there is a lot of ground to cover; so, we will underline and publish as time allows.

1. This Introduction
2. The nature of the current, purely dynamic economic process
3. Scientific macroeconomics explains rather than merely describes
4. A theory of macroeconomics must be independent of human psychology and anthropology
5. The author of a textbook must employ a scientific and dynamic heuristic
6. Real Analysis
7. The idea and technique of implicit definition
8. A field theory of accelerations, and the formal cause
9. The difference between postulating and explaining
10. The most fundamental terms must be precisely analytical and of scientific significance.
11. The Leibnitz-Newtonian shift of context
12. The intrinsic cyclicality of the process
13. The process as a process of value
14. Concomitance
15. The need for a normativetheory
16. The ideal pure cycle at the root of the trade cycle
17. Rates of saving vs. rates of consumption
18. The interest rate is an inner relation of the process, not an external lever
19. Manipulation of the interest rate is double-edged
20. The Fed is assigned responsibilities which belong to others and for which it has not the tools
21. The IS/LM Model
22. The Phillips Curve (employment and inflation)
23. The Theoretic of Credit and how money should enter the process
24. Savings are not to be identified as an increase in the money supply
25. The ineptness of the double-edged manipulation of interest rates
26. Cobb-Douglas assumptions
27. An adequate theory of philanthropy
28. The NIPA are not explanatory
29. An understanding of phases and crises
30. Why the basic expansion fails to be implemented
31. The velocity of money
32. The quantity of money, and Quantitative Easing’s bifurcation of purchasing power
33. The mitigation and concealment of non-normative balance in one set of flows by another set of flows
34. The idea of a mechanism
35. The responsibilities of banks