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- DescriptionDebunking Ecomics exposes what many n-ecomists may have suspected and a mirity of ecomists have long kwn: that ecomic theory is t only unpalatable, but also plain wrong. When the original Debunking was published back in 2001, the market ecomy seemed invincible, and conventional 'neoclassical' ecomic theory basked in the limelight. Steve Keen argued that ecomists deserved ne of the credit for the ecomy's performance, and that 'the false confidence it has engendered in the stability of the market ecomy 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 w haunts the global ecomy with the prospect of ather Depression. In this radically updated and greatly expanded new edition, Keen builds on his scathing critique of conventional ecomic theory whilst explaining what mainstream ecomists cant: 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 ecomists, Debunking Ecomics provides a signpost to a better future.
- Author BiographySteve Keen is Associate Professor of Economics & Finance at the University of Western Sydney. Steve predicted the financial crisis as long ago as December 2005, and warned that back in 1995 that a period of apparent stability could merely be 'the calm before the storm'. His leading role as one of the tiny minority of economists to both foresee the crisis and warn of it was recognised by his peers when he received the Revere Award from the Real World Economics Review for being the economist who most cogently warned of the crisis, and whose work is most likely to prevent future crises.
- Author(s)Steve Keen
- PublisherZed Books Ltd
- Date of Publication22/09/2011
- SubjectEconomics: Textbooks & Study Guides
- Place of PublicationLondon
- Country of PublicationUnited Kingdom
- ImprintZed Books Ltd
- Content NoteIllustrations
- Weight739 g
- Width138 mm
- Height216 mm
- Spine138 mm
- Edition StatementExpanded ed
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