Steve Keen is een professor in economie en financiën die een scherpe kritiek levert op zowel de moderne neoklassieke als de marxistische economie, omdat hij deze inconsistent en empirisch niet onderbouwd acht. Geworteld in het postkeynesiaanse denken, concentreert zijn werk zich op wiskundige modellering en simulatie van financiële instabiliteit. Keen's onderzoek beoogt de zwaktes van de huidige economische theorieën te belichten en nieuwe manieren voor te stellen om financiële crises te begrijpen.
This booklet contains graphs and diagrams that accompany and illustrate the main volume of the revised and expanded edition of Debunking Economics. This supplementary material is not essential to the main arguments of the book.
The Great Financial Crash had cataclysmic effects on the global economy, and took conventional economists completely by surprise. Many leading commentators declared shortly before the crisis that the magical recipe for eternal stability had been found. Less than a year later, the biggest economic crisis since the Great Depression erupted.
Debunking Economics - Revised and Expanded Edition, now including a downloadable supplement for courses, exposes what many non-economists may have suspected and a minority of economists have long known: that economic theory is not only unpalatable, but also plain wrong. 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 argued that economists deserved none of the credit for the economy's performance, and "The false confidence it has engendered in the stability of the market economy has encouraged policy-makers to dismantle some of the institutions which initially evolved to try to keep its instability within limits." That instability exploded with the devastating financial crisis of 2007, and now haunts the global economy with the prospect of another Depression. In this expanded and updated new edition, Keen builds on his scathing critique of conventional economic theory while explaining what mainstream economists cannot: why the crisis occurred, why it is proving to be intractable, and what needs to be done to end it. Essential for anyone who has ever doubted the advice or reasoning of economists, Debunking Economics - Revised and Expanded Edition provides a signpost to a better future.
In 1517, Martin Luther nailed his 95 theses to the wall of Wittenberg church. He argued that the Church’s internally consistent but absurd doctrines had pickled into a dogmatic structure of untruth. It was time for a Reformation. Half a millennium later, Steve Keen argues that economics needs its own Reformation. In Debunking Economics, he eviscerated an intellectual church – neoclassical economics - that systematically ignores its own empirical untruths and logical fallacies, and yet is still mysteriously worshipped by its scholarly high priests. In his book, he presents his Reformation: a New Economics that takes serious issues that today's economic priesthood ignores, such as money, energy, and ecological sustainability. It gives us hope that we can save our economies from collapse and the planet from ecological catastrophe. Performing this task with his usual panache and wit, Steve Keen’s new book is unmissable to anyone who has noticed that the economics Emperor is naked and would like him to put on some clothes.
A compilation of Steve Keen's significant academic papers, this collection spans fifteen years of his contributions to economic theory. It showcases his critical perspectives on mainstream economics, particularly his critiques of equilibrium models and the emphasis on debt and financial instability. Keen's work aims to reshape economic understanding, blending theoretical insights with real-world applications, making it a valuable resource for students, researchers, and anyone interested in innovative economic thought.
eCONcomics is a series of three satires explaining why the science of economics has gone so terribly wrong. Written by Steve Keen, one of the few professional economists to correctly anticipate the global financial crisis of 2008, the comics lampoon the bizarre excuses provided by economists when their predictions for the economy fail. Again.
Steve Keen kritisiert die vorherrschende neoklassische Wirtschaftstheorie, die seiner Meinung nach mehr einer Religion als einer Wissenschaft ähnelt und aufgrund falscher Annahmen und Methoden versagt. Er fordert einen Paradigmenwechsel in der Ökonomik, um die Realität besser zu erfassen. In seinem Buch stellt er die zentrale Rolle des Geldes und das Verständnis des Kapitalismus als komplexes, dynamisches System in den Mittelpunkt. Die klare und zugängliche Sprache richtet sich an Studierende und interessierte Laien und bietet zahlreiche Literaturhinweise für vertiefendes Lernen.