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don’t speak about it in isolation. They refer to finance not in and of itself, but in relation to the so-called real … capital stock. The recent crisis, they argue, happened not because of finance as such, but due to a mismatch between financial … and real capital. The world of finance, they complain, has deviated from and distorted the real world of accumulation. And …
Persistent link: https://www.econbiz.de/10011645092
Neoclassical economics is the official scientific underpinning of capitalism as well as its main ideological defence, and according to Keen, it fails in both tasks. Contrary to received opinion, neoclassicism cannot explain capitalism – either in detail or in the aggregate – and the policies...
Persistent link: https://www.econbiz.de/10012793227