Since the publication of The General Theory, pre-Keynesian economics has been labelled “classical,” but what that classical economics actually consisted of is now virtually an unknown. There is, instead, a straw-man caricature most economists absorb through a form of academic osmosis but...

Modern economic theory cannot make sense of the operation of the economy and following from that failing, modern economists are unable to formulate policies that permit the economy to expand and allow real incomes to rise. The central problem is the near universal adoption of Keynesian economic...

Providing a contemporary overview of the debate amongst theoretical stands in economics, this book brings together contributions from a number of eminent scholars. It covers important issues in methodology and the history of thought

Warum kommt es zu Finanzkrisen? Warum sind die Reichen reich und die Armen arm? Wie funktioniert Geld? Woher kommt das Wachstum? Schon Kinder stellen diese Fragen – aber die Ökonomen können sie nicht beantworten. Viele basteln an theoretischen Modellen, die mit der Realität nichts zu tun...