Debunking economics: the naked emperor dethroned?

Keen, Steve (2011) Debunking economics: the naked emperor dethroned? London, U.K. : Zed Books. 478p. ISBN 9781848139930

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Abstract

Explains and debunks conventional neoclassical economic theory from first principles. Highlights the unsound foundations of major elements of the standard undergraduate education in economics, discussing problems with consumer demand theory, the theory of supply, the economic theory of the firm, and the theory of the labor market. Addresses important issues that are typically omitted or trivialized in an economics education, considering controversies over the theory of capital, issues of methodology, the validity of static analysis applied to a dynamic economy, the development of macroeconomics since John Maynard Keynes, and the "efficient market hypothesis." Examines three different but consistent nonequilibrium theories of finance. Discusses how conventional economics has abused mathematics. Critiques Marxist economics. Surveys the main alternatives to neoclassical economics--Austrian economics, Post-Keynesian economics, Sraffian economics, complexity theory, and evolutionary theory. Keen is at the University of Western Sydney. Index.

Item Type: Book
Physical Location: This item is held in stock at Kingston University Library
Uncontrolled Keywords: Economic Education and Teaching of Economics: Undergraduate A220 Current Heterodox Approaches: General B500 Role of Economics Role of Economists A110
Research Area: Economics and econometrics
Faculty, School or Research Centre: Faculty of Arts and Social Sciences (until 2017) > School of Economics, History and Politics (from November 2012)
Depositing User: Stephen Keen
Date Deposited: 26 Jan 2015 11:55
Last Modified: 26 Jan 2015 11:55
URI: http://eprints.kingston.ac.uk/id/eprint/30211

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