We have experienced an era of extreme anti-inflationary policy combined with debts and deficits, the result of which has been a decrease in social stability. This book examines how using mainstream theory as the basis for economic decisions leads to misunderstandings of central …
Neoclassical theory and rational expectations : theoretical deficiencies -- Aggregation, money and Keynes epistemology -- Basics on money -- Money, finance and growth -- Structural stability in models and reality -- Inflation and unemployment -- Epilogue: picture and axiomatic s…
1. Neoclassical theory and rational expectations : theoretical deficiencies -- 2. Aggregation, money and Keynes' epistemology -- 3. The basics on money -- 4. Money, finance and growth -- 5. Structural stability in models and reality -- 6. Inflation and unemployment -- 7. Epilogu…
Economic theory in its neoclassical form is sometimes regarded as free from values; it is simply the theory of economic exchange. This can only hold true if we accept the idea of "Homo Economicus" and the equilibrium economy. But in the real world, away from neoclassical models,…
Economic theory in its neoclassical form is sometimes regarded as free from values; it is simply the theory of economic exchange. This can only hold true if we accept the idea of "Homo Economicus" and the equilibrium economy. But in the real world, away from neoclassical models,…
Economic theory in its neoclassical form is sometimes regarded as free from values; it is simply the theory of economic exchange. This can only hold true if we accept the idea of "Homo Economicus" and the equilibrium economy. But in the real world, away from neoclassical models,…
