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Debunking Economics - Paperback 2 Exp Rev edition

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About the AuthorSteve Keen is Associate Professor of Economics & Finance at the University of Western Sydney.
Author 1Steve Keen
Book DescriptionDebunking Economics - Revised and Expanded Edition, now including a downloadable supplement for courses, exposes what many non-economists may have suspected and a minority of economists have long known: that economic theory is not only unpalatable, but also plain wrong. When the original Debunking Economics was published back in 2001, the market economy seemed invincible, and conventional "neoclassical" economic theory basked in the limelight. Steve Keen argued that economists deserved none of the credit for the economy's performance, and "The false confidence it has engendered in the stability of the market economy has encouraged policy-makers to dismantle some of the institutions which initially evolved to try to keep its instability within limits." That instability exploded with the devastating financial crisis of 2007, and now haunts the global economy with the prospect of another Depression. In this expanded and updated new edition, Keen builds on his scathing critique of conventional economic theory while explaining what mainstream economists cannot: why the crisis occurred, why it is proving to be intractable, and what needs to be done to end it. Essential for anyone who has ever doubted the advice or reasoning of economists, Debunking Economics
FormatPaperback
Edition Number2 Exp Rev edition
Editorial ReviewPraise for the First Edition: "Debunking Economics may not delight economic conservatives, but it is certainly necessary. Our hope must be that it will be read by enough people to prompt reform of our economic thinking and save our endangered societies" -- James Cumes, author of How to Become a Millionaire without Really Working "Particularly useful to those, like myself, who are interested in economics but not formally trained in it. Debunking Economics reveals that neoclassical economic doctrines are faulty...because the fundamental assumptions from which such doctrines have been derived are less than self-evident." -- Henry C.K. Liu, Chairman, Liu Investment Group "If you are interested in how the economy really works (and want to challenge an economist) then read this book." -- James Dick, Professional Members Division, The Economic Society of Australia
LanguageEnglish
Number of Pages496
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Debunking Economics - Paperback 2 Exp Rev edition

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