2021/07: Bichler & Nitzan, ‘Steve Keen’s The New Economics: A Manifesto’
December 23, 2021
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 it prescribes do not support but undermine the very system it defends. It must be scrapped, says Keen, and the purpose of his book is to explain why and outline what should come in its stead.
Steve Keen’s The New Economics: A Manifesto
Bichler, Shimshon, and Jonathan Nitzan. (2021). Working Papers on Capital as Power. No. 2021/07.