The WHO warns of outbreak of virulent new 'Economic Reality' virus

Steve Keen

Review of Keynesian Economics, 2017, vol. 5, issue 1, 107-111

Abstract: A new virus, known as 'Reality', has started to afflict Mainstream Economists, causing them to reject the 'as if' arguments they used to use to justify their models. There is no known cure for the virus, and complete avoidance of 'Reality' is the only effective strategy to prevent infection.

Keywords: neoclassical economics; DSGE models; satire; New Keynesian economics; New Classical economics; paradigm (search for similar items in EconPapers)
JEL-codes: B41 B50 E30 E44 E47 (search for similar items in EconPapers)
Date: 2017
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