Steve Keen's The New Economics: A Manifesto

Shimshon Bichler and Jonathan Nitzan

No 2021/07, Working Papers on Capital as Power from Capital As Power - Toward a New Cosmology of Capitalism

Abstract: 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 it prescribes do not support but undermine the very system it defends. It must be scrapped, says Keen, and the purpose of his book is to explain why and outline what should come in its stead.

Keywords: banks; climate; complex systems; credit; debt; finance; macroeconomics; money; neoclassical economics; policy (search for similar items in EconPapers)
JEL-codes: E13 E4 E61 G G01 G21 P16 Q54 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-ban, nep-cwa, nep-hpe, nep-mac and nep-pke
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