Steve Keen

Debunking Economics - Revised and Expanded Edition, now including a downloadable supplement for courses, 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. When the original Debunking Economics was 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 - Revised and Expanded Edition provides a signpost to a better future.

The Naked Emperor Dethroned?

Debunking Economics - Revised and Expanded Edition

A Manifesto

New Economics

Can We Avoid Another Financial Crisis?

In 1517, Martin Luther nailed his 95 theses to the wall of Wittenberg church. He argued that the Church’s internally consistent but absurd doctrines had pickled into a dogmatic structure of untruth. It was time for a Reformation. Half a millennium later, Steve Keen argues that economics needs its own Reformation. In Debunking Economics, he eviscerated an intellectual church – neoclassical economics - that systematically ignores its own empirical untruths and logical fallacies, and yet is still mysteriously worshipped by its scholarly high priests. In his book, he presents his Reformation: a New Economics that takes serious issues that today's economic priesthood ignores, such as money, energy, and ecological sustainability. It gives us hope that we can save our economies from collapse and the planet from ecological catastrophe. Performing this task with his usual panache and wit, Steve Keen’s new book is unmissable to anyone who has noticed that the economics Emperor is naked and would like him to put on some clothes.

The New Economics

What is the score card for economics at the start of the new millennium? While there are many different schools of economic thought, it is the neo-classical school, with its alleged understanding and simplistic advocacy of the market, that has become equated in the public mind with economics. This book shows that virtually every aspect of conventional neo-classical economics' thinking is intellectually unsound. Steve Keen draws on an impressive array of advanced critical thinking. He constitutes a profound critique of the principle concepts, theories, and methodologies of the mainstream discipline. Keen raises grave doubts about economics' pretensions to established scientific status and its reliability as a guide to understanding the real world of economic life and its policy-making.

The Naked Emperor of the Social Sciences

Debunking Economics

This book is a collection of Steve Keen's influential papers published over the last fifteen years. The topics covered include methodology, microeconomics, and the monetary approach to macroeconomics that Keen - along with many other non-mainstream economists - has been developing. "Economics still awaits its Darwin. Keynes came close, but not close enough. Keen comes closer still and this collection of his papers shows how. Developing an economics for the post-crisis world focuses simultaneously on the recent global crisis and the underlying structures of contemporary economies. Edward Fullbrook, Editor of Real-World Economics Review

Developing an Economics for the Post-crisis World

Solving the Paradox of Monetary Profits

eCONcomics is a series of three satires explaining why the science of economics has gone so terribly wrong. Written by Steve Keen, one of the few professional economists to correctly anticipate the global financial crisis of 2008, the comics lampoon the bizarre excuses provided by economists when their predictions for the economy fail. Again.

Taking the CON Out of Economics

ECONcomics

The Missing Lag Between Harrod and Hicks

Minsky + Goodwin

Hilferding and the Reduction of Skilled to Unskilled Labour

Paul Sweezy and the Misinterpretation of Marx

Modelling Minsky's Financial Instability Hypothesis

Goodwin+Minsky

Economic Growth and Financial Instability

The Great Financial Crash had cataclysmic effects on the global economy, and took conventional economists completely by surprise. Many leading commentators declared shortly before the crisis that the magical recipe for eternal stability had been found. Less than a year later, the biggest economic crisis since the Great Depression erupted. In this explosive book, Steve Keen, one of the very few economists who anticipated the crash, shows why the self-declared experts were wrong and how ever–rising levels of private debt make another financial crisis almost inevitable unless politicians tackle the real dynamics causing financial instability. He also identifies the economies that have become 'The Walking Dead of Debt', and those that are next in line – including Australia, Belgium, China, Canada and South Korea. A major intervention by a fearlessly iconoclastic figure, this book is essential reading for anyone who wants to understand the true nature of the global economic system.

Steve Keen

About

Books

Join the club