Afterword

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Chapter 12 in Classical Economic Theory and the Modern Economy, 2020, pp 241-241 from Edward Elgar Publishing

Abstract: I will only say it here at the very end, although it ought to be clear from the text. I have written a book that more or less states that pretty well the whole of mainstream economic theory is worthless in devising policy. Virtually none of it will assist anyone in making decisions on how to make an economy prosper. It may be great for writing aimless papers that end up published in major journals, and it may provide cover for governments wishing to waste enormous sums of money on projects that take their fancy, but there is nothing I can see that throws light on how an economy works or what to do to make an economy grow more rapidly.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2020
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