Wednesday , December 18 2024
Home / Video / Keen Behavioural Finance 2011 Lecture 06 Part 2 Statistics

Keen Behavioural Finance 2011 Lecture 06 Part 2 Statistics

Summary:
Given how appallingly bad neoclassical economics is, an alternative economics that is at least roughly capable of reproducing the actual performance of the economy is badly needed. One of the best studies of the empirical data about the economy was ironically undertaken by the two neoclassical economists who developed Real Business Cycle theory, Kydland and ...

Topics:
Steve Keen considers the following as important:

This could be interesting, too:

Dean Baker writes Health insurance killing: Economics does have something to say

NewDealdemocrat writes Retail Real Sales

Angry Bear writes Planned Tariffs, An Economy Argument with Political Implications

Joel Eissenberg writes Will DOGE be an exercise in futility?











Given how appallingly bad neoclassical economics is, an alternative economics that is at least roughly capable of reproducing the actual performance of the economy is badly needed. One of the best studies of the empirical data about the economy was ironically undertaken by the two neoclassical economists who developed Real Business Cycle theory, Kydland and Prescott. This lecture reports their findings, focusing on the conclusion that “credit should play a larger role” in future analysis of the business cycle. I then outline the basic propositions in the theory of endogenous money.


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.

Leave a Reply

Your email address will not be published. Required fields are marked *