Steve Keen - General Quotes

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Rather like the Bible is for many Christians, the General Theory is the essential economics reference which few economists have ever read.

Steve Keen

Economic theory in general ignores processes which take time to occur, and instead assumes that everything occurs in equilibrium.

Steve Keen

In general then, and contrary to Friedman, abandoning a factually false heuristic asumption will normally lead to a better theory — not a worse one.

Steve Keen