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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
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Economic theory in general ignores processes which take time to occur, and instead assumes that everything occurs in equilibrium.
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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
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Truth of a modest sort I can promise you, and also sincerity. That complete, praiseworthy sincerity which, while it delivers one into the hands of one's enemies, is as likely as not to embroil one with one's friends.
Joseph Conrad
Steve Keen
Born:
March 28, 1953
(age 73)
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