Sack the Economists on Steve Keen’s Debtwatch

Steve Keen has generously allowed me a guest post on his popular Debwatch website.

Read­ers of this blog will have encoun­tered the idea that near-equilibrium neo­clas­si­cal eco­nomic the­ory is irrel­e­vant to dynamic, far-from-equilibrium, real mod­ern economies, and that the body of the­ory built around the neo­clas­si­cal assump­tions is full of incon­sis­ten­cies. You will also be famil­iar with the idea that money and debt play cen­tral, dynamic roles in mod­ern economies.
Yet it can be argued there are other equally fun­da­men­tal flaws in the broader stream of the­ory and prac­tice that might be called main­stream eco­nom­ics.
– See more at: Debtwatch