Steve Keen – Debunking Economics. The Naked Emperor of the Social Sciences

Description

What is the rating card for economics at the begin of the new millennium? While there are various totally different faculties of financial thought, it’s the neo-classical faculty, with its alleged understanding and simplistic advocacy of the market, that has change into equated in the public thoughts with economics. This guide exhibits that nearly each side of typical neo-classical economics’ pondering is intellectually unsound. Steve Keen attracts on a powerful array of superior vital pondering. He constitutes a profound critique of the precept ideas, theories, and methodologies of the mainstream self-discipline. Keen raises grave doubts about economics’ pretensions to established scientific standing and its reliability as a information to understanding the actual world of financial life and its policy-making.

Review

“… this book is a unique and valuable resource.” — The Ecologist

From the Publisher

Debunking Economics exposes what many non-economists might have suspected and a minority of economists have lengthy recognized: that financial concept will not be solely unpalatable, but in addition plain fallacious. Many of the most cherished notions of typical economics are primarily based on reasoning that’s internally inconsistent.

Debunking Economics explains why economists assume the means they do, and factors out the flaws of their pondering which they both don’t notice, don’t admire, or simply plain ignore. Most of these flaws had been established by dissident educational economists many years in the past, but trendy economics pretends that it could possibly proceed with ‘business as usual’. In a profound irony, Debunking Economics exhibits {that a} self-discipline which labours the phrase ‘rational’ could also be the most irrational of all. –This textual content refers to an out of print or unavailable version of this title.