Steve Keen's The New Economics: A Manifesto

Steve Keen's The New Economics: A Manifesto
Bichler, Shimshon and Nitzan, Jonathan. (2021). Working Papers on Capital as Power. No. 2021/07. December. pp. 1-8. (Review; English).

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Alternative Locations

https://capitalaspower.com/2021/12/2021-07-bichler-nitzan-steve-keens-the-new-economics-a-manifesto/, https://www.econstor.eu/handle/10419/248554, https://www.academia.edu/65765516/Steve_Keens_The_New_Economics_A_Manifestor

Abstract or Brief Description

Neoclassical economics is the official scientific underpinning of capitalism as well as its main ideological defence, and according to Keen, it fails in both tasks. Contrary to received opinion, neoclassicism cannot explain capitalism – either in detail or in the aggregate – and the policies it prescribes do not support but undermine the very system it defends. It must be scrapped, says Keen, and the purpose of his book is to explain why and outline what should come in its stead.

Language

English

Publication Type

Review

Keywords

banks climate complex systems credit debt finance macroeconomics money neoclassical economics policy

Subject

BN Macro
BN Methodology
BN Money & Finance
BN Power
BN Policy
BN State & Government
BN Crisis
BN Distribution
BN Ecology & Environment
BN Growth
BN Ideology

Depositing User

Jonathan Nitzan

Date Deposited

24 Dec 2021 00:57

Last Modified

06 Jan 2022 14:51

URL:

https://bnarchives.yorku.ca/id/eprint/724

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