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Why China Had To Crash Part 2

Summary:
One thing my 28 years as a card-carrying econ­o­mist have taught me is that con­ven­tional eco­nomic the­ory is the best guide to what is likely to hap­pen in the economy. Read what­ever it advises or pre­dicts, and then advise or expect the oppo­site. You (almost) can’t go wrong. Click here to read the rest of this post.

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One thing my 28 years as a card-carrying econ­o­mist have taught me is that con­ven­tional eco­nomic the­ory is the best guide to what is likely to hap­pen in the economy.

Read what­ever it advises or pre­dicts, and then advise or expect the oppo­site. You (almost) can’t go wrong.

Why China Had To Crash Part 2

Click here to read the rest of this post.

Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

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