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Mainstream Economics Ignores Money’s Impact.

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Mainstream Economics Ignores Money's Impact.

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Steve Keen considers the following as important:

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Mainstream Economics Ignores Money's Impact.
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.

7 comments

  1. Imagine the next generation of areopace engineers taught to ignore air friction in all cases.

    • @adenwellsmith6908

      Imagine not telling them about gravity.
      Just the same as saying the peasants aren't owed pensions so we ignore that debt.

  2. Why bother to participate.

  3. The learning by doing experience and conversion to symbolic language for communication is the Physicists' Measurement Problem situation of inherent uncertainty of Singularity-point positioning Conception Perspective Principle in the No-thing-defined Aether, which said another way, is Eternity-now Interval, and the more valuable that symbolic representation of significance, the less explanation is required, except that is the half-truth, ..a reverse-inverted mono-dualistic fact of Mathemagical Thought Experimentalist's practical Intuition.

  4. @adenwellsmith6908

    Still ignoring the socialist pension debts.

  5. What about Monetarism?

    • Monetarism, despite its name, actually claims that money doesn't matter for the "real" economy–ie that monetary factors don't affect the level or rate of change of economic activity–all it affects, in their theory, is the rate of inflation. This is fundamentally ignorant of the actual role of money in a capitalist economy.

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