DEVELOPING A SUSTAINABLE FUTURE BY IDENTIFYING AND UNDERSTANDING THE LIMITATIONS OF THE PAST. A REVIEW OF “DEBUNKING ECONOMICS: THE NAKED EMPEROR OF THE SOCIAL SCIENCES” BY STEVE KEEN
Adrian Vasile () and
Carmen Costea ()
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Adrian Vasile: The Bucharest University of Economic Studies
Annals of Spiru Haret University, Economic Series, 2013, vol. 4, issue 1, 81-84
Abstract:
The book constitutes a scholarly critique to mainstream economic thinking represented broadly under the neoclassical term. Fundamental to the note and style in which the paper is constructed is the fact that the author considers his reaction to orthodox economics as a constructive discussion which, in effect, can help generate future solutions. Certainly, the point is made that various existing schools of thought that currently stand at the side-line of policymaking and economic reforms already provide tentative sources for improving the theory. Steve Keen’s work stands out due to the fact that the critique brought to mainstream economic thinking and models precedes the latest economic crisis, which undeniably has led numerous scholars on the lonely and unsecure path of finding new solutions and explanations for increasingly dynamic phenomena
Keywords: neoclassical economics; orthodox economics; economic model; economic thought (search for similar items in EconPapers)
JEL-codes: B10 (search for similar items in EconPapers)
Date: 2013
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