Free Ebook Debunking Economics - Revised, Expanded and Integrated Edition: The Naked Emperor Dethroned?, by Steve Keen
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Debunking Economics exposes what a minority of economists have long known and many of the rest of us have long suspected: that economic theory is not only unpalatable, but also plain wrong. When the first edition was published in 2001, economists basked in the limelight of a seemingly invincible market economy. But the economy’s performance, as Steve Keen argued, had nothing to do with neoclassical economic theory and gave policy-makers the false confidence to begin to dismantle the very institutions designed to limit market instability. That instability exploded with the devastating financial crisis of 2007, and now haunts the global economy with the prospect of another Depression. In this updated and expanded edition, Keen builds on his scathing critique of conventional economic theory whilst 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 is a signpost to a better future.
- Sales Rank: #486161 in eBooks
- Published on: 2011-09-22
- Released on: 2012-11-15
- Format: Kindle eBook
Most helpful customer reviews
10 of 12 people found the following review helpful.
Everything I know about economics is wrong
By kile
Keen points out many logical flaws in the conclusions and methods of modern economics at a level which can be understood by most any reader. A couple of first year economics courses helped my understanding of the topics, but weren't necessary by any stretch. Even though I did very well in these courses there was something about them that just didn't sit right, Keen shines a floodlight on what those items are and why they don't make sense.
9 of 11 people found the following review helpful.
Best economics book I've ever read
By Iannz
Having worked with my partner on an economics PhD I have read a lot of Economics books to get me up to speed, all but this one left me thinking ' you have got to be kidding' they were so far divorced from reality. Realistic, readable, well referenced. A must read for anyone that is eligible to vote.
6 of 7 people found the following review helpful.
elliot
By EinsteinRJS
I enjoyed reading it. It challenges both neoclassical and Austrian economists.
It also offers new perspective on the economy taught in school.
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