Debunking Economics - Revised and Expanded Edition: The Naked Emperor Dethroned?

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en Limba Engleză Carte Paperback – September 2011

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.

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ISBN-13: 9781848139923
ISBN-10: 1848139926
Pagini: 496
Ilustrații: Illustrations
Dimensiuni: 138 x 216 x 33 mm
Greutate: 0.74 kg
Ediția: Revised, Expand
Editura: ZED BOOKS
Colecția Zed Books


Preface to the first edition
1. Predicting the 'unpredictable2
2. No more Mr. Nice guy

Part 1: Foundations
The logical flaws in the key concepts of conventional economics
3. The calculations of hedonism
4. Size does matter
5. The price of everything
6. To each according to his contribution

Part 2: Complexities
Issues that should form part of an education in economics, but which are omitted from standard courses
7. The holy war over capital
8. There is madness in their method
9. Let’s do the Time Warp again
10. Why they didn’t see it coming
11. The price is not right
12. Misunderstanding the Great Depression and the Great Recession

Part 3: Alternatives
Different ways to think about economics
13. Why I did see ‘It’ coming
14. A Monetary Model of Capitalism
15. Why stock markets crash
16. Don’t shoot me, I’m only the piano
17. Nothing to lose but their minds
18. There are alternatives