by Summary:
Conventional and unconventional monetary policy both suffer from the same flaw: they are based on unrealistic models of how a market economy operates. I give a very fast overview of the (de-)evolution of macroeconomic policy from the Post-War “Keynesian” period through to the Neoclassical ascendancy, before the Global Financial Crisis ushered in both zero reserve ...
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Conventional and unconventional monetary policy both suffer from the same flaw: they are based on unrealistic models of how a market economy operates. I give a very fast overview of the (de-)evolution of macroeconomic policy from the Post-War “Keynesian” period through to the Neoclassical ascendancy, before the Global Financial Crisis ushered in both zero reserve ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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