by Summary:
Finance theory, since it takes neoclassical economics as its starting point, is even more flawed than neoclassical economics itself. Here I point out how absurd its abuse of the English language has been–using “Efficient” and “Rational” to describe behavior that any sensible person would see as “prophetic”–and discuss how it should be reformed.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Finance theory, since it takes neoclassical economics as its starting point, is even more flawed than neoclassical economics itself. Here I point out how absurd its abuse of the English language has been–using “Efficient” and “Rational” to describe behavior that any sensible person would see as “prophetic”–and discuss how it should be reformed.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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