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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...
Persistent link: https://www.econbiz.de/10012793227
Steve Keen's book, The New Economics: A Manifesto (2021), offers a new path for economics, and for good reason. In his view, neoclassicism, the paradigm that rules modern-day economics, has become a serious menace: "I regard Neoclassical economics as not merely a bad methodology for economic...
Persistent link: https://www.econbiz.de/10013468330
הקפיטליזם שולט בעולם. דיונים סוערים מתנהלים בין המלומדים הממסדיים לבין "הביקורתיים" על טיבו של הקפיטליזם הגלובלי. הבעיה היא שטיבו של המוסד המרכזי בקפיטליזם -- ההון...
Persistent link: https://www.econbiz.de/10014279345
In 1989, we applied for a Harry Frank Guggenheim Foundation grant to investigate the funding of fascist and Neo-Nazi movements in Israel. The Foundation did not find the topic important enough, and the application was ceremonially rejected. Here is what we wanted to do. RESEARCH PLAN. The...
Persistent link: https://www.econbiz.de/10014280692
which finance capital could export its excessive surplus. The next version posited a neo-imperial world of monopoly …
Persistent link: https://www.econbiz.de/10014429237
» appearances of capital. The conventional view is that «real» capital is an objective productive entity; that «finance» merely … finance, they blame the deviation on invisible fluctuations in intangible capital, investor irrationality and market …
Persistent link: https://www.econbiz.de/10014461454
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
Las teorías convencionales del capitalismo están sumidas en una profunda crisis: tras siglos de debates todavía son incapaces de decirnos qué es el capital. Tanto liberales como marxistas se refieren al capital como una entidad 'económica' que puede ser contabilizada en unidades universales...
Persistent link: https://www.econbiz.de/10011822996
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10005621372
don’t speak about it in isolation. They refer to finance not in and of itself, but in relation to the so-called real … capital stock. The recent crisis, they argue, happened not because of finance as such, but due to a mismatch between financial … and real capital. The world of finance, they complain, has deviated from and distorted the real world of accumulation. And …
Persistent link: https://www.econbiz.de/10011753701