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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
Steve Keen's book, The New Economics: A Manifesto (2021), offers a new path for economics, and for good reason. In his view, neoclassicism, the paradigm that rules modern-day economics, has become a serious menace: "I regard Neoclassical economics as not merely a bad methodology for economic...
Persistent link: https://www.econbiz.de/10013468330
In this volume, the author describes the changes in wages during the 1980s that led to increased rewards in schooling in the labor market.
Persistent link: https://www.econbiz.de/10010949213
The authors demonstrate how regulation intended to control costs can exacerbate cost growth by subsidizing high-risk activities and firms at the expense of low-risk activities and firms.
Persistent link: https://www.econbiz.de/10010949219
Revolutionary changes, includingthe shrinking of traditional banking and the expansion of trading in foreign securities, have recently rocked financial markets.
Persistent link: https://www.econbiz.de/10010949221
This book examines America's economy over the past several decades and the sources of our recent success and comes to surprising conclusions about what we can learn from it.
Persistent link: https://www.econbiz.de/10010949227
Two achievements--up the poor and animating civil society--are powerful moral claims for business corporations but schemes for corporate governance jeopardize these achievements.
Persistent link: https://www.econbiz.de/10010949237
Today's knowledge-based economy requires an entirely new system of assessing the value of companies--a system tapping the vast communication capabilities of the Internet.
Persistent link: https://www.econbiz.de/10010949238
The bookpresents different perspectives that explain the prohibition of insider trading and the way it affects various aspects of life on the stock market.
Persistent link: https://www.econbiz.de/10010949272
This study outlines the compelling case for widespread deregulation of property-liability insurance rates and forms.
Persistent link: https://www.econbiz.de/10010949274