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

What is the rating card for economics at the begin of the new millennium? While there are a lot of completely different faculties of financial thought, it’s the neo-classical college, with its alleged understanding and simplistic advocacy of the market, that has turn out to be equated in the public thoughts with economics. This e-book reveals that just about each facet of standard neo-classical economics’ considering is intellectually unsound. Steve Keen attracts on a powerful array of superior vital considering. 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 could have suspected and a minority of economists have lengthy recognized: that financial concept shouldn’t be solely unpalatable, but additionally plain fallacious. Many of the most cherished notions of standard economics are based mostly on reasoning that’s internally inconsistent.

Debunking Economics explains why economists suppose the method they do, and factors out the flaws of their considering which they both don’t understand, don’t admire, or simply plain ignore. Most of these flaws have been established by dissident tutorial economists many years in the past, but fashionable economics pretends that it might proceed with ‘business as usual’. In a profound irony, Debunking Economics reveals {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.