The New Economics by Steve Keen
A Manifesto
A forceful critique of mainstream economics that argues orthodox models—built on equilibrium, representative agents, and frictionless markets—ignore the role of money, banks and private debt in driving real-world instability; it argues for a dynamic, empirically grounded economics incorporating non‑linear feedbacks, complexity and Minskyan financial cycles, and recommends refocusing policy on regulating credit, monitoring debt dynamics and redesigning macro models so they can actually predict and prevent financial crises.
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- Published
- 2011
- Nationality
- Australian
- Length
- Unknown
- Pages
- Unknown
- Original Language
- English
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