Debunking Economics: The Naked Emperor of the Social Sciences

Front Cover
Bloomsbury Academic, Jul 28, 2001 - Political Science - 335 pages

Debunking Economics 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. Many of the most cherished notions of conventional economics are based on reasoning that is internally inconsistent.

Debunking Economics explains why economists think the way they do, and points out the flaws in their thinking which they either don't realize, don't appreciate, or just plain ignore. Most of these flaws were established by dissident academic economists decades ago, yet modern economics pretends that it can continue with 'business as usual'. In a profound irony, Debunking Economics shows that a discipline which labours the word 'rational' may be the most irrational of all.

From inside the book

 

Contents

Foundations
21
Complexities
127
The price is not right
214
Copyright

5 other sections not shown

Other editions - View all

Debunking Economics: The Naked Emperor of the Social Sciences
Steve Keen
Limited preview - 2001
Debunking Economics: The Naked Emperor of the Social Sciences
Steve Keen
Snippet view - 2001

Common terms and phrases

aggregate apply argue argument assets assumptions bananas behaviour believe biscuits budget line capital capitalist Chapter commodity competitive firm concept consumer consumption conventional economics derived determined diminishing marginal distribution of income dynamic economic theory economists efficient markets hypothesis Engels curves equals equations equilibrium excess demand exchange-value expectations factor of production fall finance Fisher future Hicks ignore increase indifference curves individual industry inputs investment investors Keynes Keynes's Keynesian labour theory logic macroeconomics marginal cost marginal cost curve marginal productivity marginal revenue market demand curve market economy markets hypothesis Marx Marx's mathematics maximise monopoly neoclassical economics nomics output perfect competition Post-Keynesian problem quantity rate of interest rate of profit rational real world rises Say's Law simply slope social Sraffa static stock market supply and demand supply curve surplus value Table theory of value tion total revenue use-value utility variable wage Walras workers zero

References to this book

About the author (2001)

Steve Keen is an academic economist based in Sydney, Australia. Prior to commencing his academic career, Steve was a government policy adviser, a journalist, computer database designer, and overseas aid worker. He has numerous publications in academic journals, and has written and presented more popular pieces for Australian media, including the Australian, Sydney Morning Herald, ABC Radio and Radio National.
Steve Keen is an academic economist based in Sydney, Australia. Prior to commencing his academic career, Steve was a government policy adviser, a journalist, computer database designer, and overseas aid worker. He has numerous publications in academic journals, and has written and presented more popular pieces for Australian media, including the Australian, Sydney Morning Herald, ABC Radio and Radio National.

Bibliographic information

TitleDebunking Economics: The Naked Emperor of the Social Sciences
AuthorSteve Keen
Editionillustrated, reprint
PublisherBloomsbury Academic, 2001
ISBN185649991X, 9781856499910
Length335 pages
Subjects ›  › 

Political Science / Public Policy / Economic Policy
  
Export CitationBiBTeX EndNote RefMan