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Debunking Economics - rev edition

Debunking Economics (ISBN10: 1848139926; ISBN13: 9781848139923)
ISBN13: 978-1848139923
ISBN10: 1848139926

This edition has also been released as:
ISBN13: 978-1848139930
ISBN10: 1848139934

Summary: Debunking Economics 2exposes 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 originalDebunkingwas 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 2provides a signpost to a better future.
...show more
Summary: Debunking Economics 2exposes 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 originalDebunkingwas 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 2provides a signpost to a better future.
...show less

Edition/Copyright: REV 11
Cover: Paperback
Publisher: Zed Books
Year Published: 2011
International: No



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