In 2002, i wrote a small piece noting that steve keens novel criticism of economics in his book debunking economics is simply wrong debunking debunking economics. Debunking economics 2 exposes what many noneconomists may have suspected and a minority of economists have. Debunking economics digital edition revised, expanded and. Steve keen born 28 march 1953 is an australian economist and author. About the author steve keen is professor of economics and. It documents the links between business and government figures in. The focus of this blog is economic analysis, and how you interpret this with respect to your own financial decisions is entirely up to you. Prof steve keen is creating realistic economics for the. Debunking economics exposes what many noneconomists may have suspected and a minority of. Debunking economics exposes what many noneconomists may have suspected and a minority of economists have long known. Ebook of the second edition of debunking economics and its accompanying set of figures, and the satirical comic econcomics, illustrated by miguel guerra.
Steve keens model of minskys financial instability hypothesis keen, 1995 displayed qualitative characteristics that matched the real macroeconomic and incomedistributional outcomes of the. Part of that novel criticism is keens claim that the standard analysis of the competitive model is mathematically wrong, and if one does the math correctly, one finds that the competitive equilibrium and the collusive outcome. When the original debunking economics was published back in 2001, the market economy seemed invincible, and conventional neoclassical economic theory basked in the limelight. Steve keen, debtwatch, and any employees or associates will not be held liable for any losses resulting from decisions taken by any individual or entity as a consequence of reading materials on this blog. Debunking economics exposes what many noneconomists may have suspected and a minority of economists. What links here related changes upload file special pages permanent link page. Debunking economics digital edition revised, expanded and integrated. The naked emperor of the social sciences is a book by the economist steve keen about the problems with mainstream economics. To hear the full version subscribe by picking a plan in the right column of the debunking economics website not the mobile app.
690 1159 1450 306 301 1358 594 69 1382 211 1014 143 1125 1349 1311 891 10 476 1551 1333 1626 457 1463 1138 131 555 99 1 801 578 69 1205 565 1232 712 339 215 156 700 971 1323 347