Friday, January 12, 2018

Steve Keen — Why economics is too important to be left to the (academic) economists


Steve Keen writes satire.

RT
Why economics is too important to be left to the (academic) economistsSteve Keen | Professor and Head Of School Of Economics, History & Politics, Kingston University, London

3 comments:

Ralph Musgrave said...

I particularly liked the special issue of the Oxford Review of Economic Policy entitled “Rebuilding Macroeconomic Theory” which Steve Keen refers to. One of contributors – desperately keen to show how much he supports “rebuilding” economics – is none other than Oliver Blanchard: the IMF economist who spent most of the recent crisis pushing austerity (i.e. advocating that we need to prevent the national debt rising too far).

No doubt there were aristocrats after the French revolution who discarded their expensive clothes, put on peasant clothes and claimed they’d backed the revolution all along....:-)

Matt Franko said...

“the sectoral balance approach that the late Wynne Godley used to warn that a macroeconomic crisis was inevitable, well before the 2008 crisis hit”

This is BS...

AXEC / E.K-H said...

NOTE on Steve Keen — Why economics is too important to be left to the (academic) economists

There is NO such thing as an economic expert
http://axecorg.blogspot.de/2016/11/there-is-no-such-thing-as-economic.html

Economics: a science without scientists
https://axecorg.blogspot.de/2016/10/economics-science-without-scientists.html

The economist as standup comedian
http://axecorg.blogspot.de/2016/11/the-economist-as-standup-comedian.html

Economists, stupid or corrupt or both?
http://axecorg.blogspot.de/2018/01/economists-stupid-or-corrupt-or-both.html

Again and again: economists are incompetent scientists
http://axecorg.blogspot.de/2017/12/again-and-again-economists-are.html

Nothing to choose between Orthodoxy and traditional Heterodoxy
http://axecorg.blogspot.de/2016/08/nothing-to-chose-between-orthodoxy-and.html

Where advanced Heterodoxy — represented by Steve Keen — took the wrong turn
http://axecorg.blogspot.de/2016/04/where-advanced-heterodoxy-represented.html

Throw them out! Orthodox and heterodox economists are unfit for science
https://axecorg.blogspot.de/2017/12/throw-them-out-orthodox-and-heterodox.html

Egmont Kakarot-Handtke

#Economics #FailedScience #FakeScience #CargoCultScience #BogusScience #ScientificIncompetence #OrthodoxEconomics #HeterodoxEconomics #Pluralism #Econ101 #NewEconomicThinking #MakeEconTrue #ParadigmShift #Science #MacroFoundations #Axiomatization