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Why Economists Disagree–Lessons from Astronomy. Kingston University Becoming an Economist Lecture 1

Summary:
The first lecture in the Kingston University introductory subject Becoming an Economist Economists clearly disagree with each other, in a manner that is quite unlike both the physical sciences and other social sciences. This lecture discusses why this is so, making an analogy to the state of astronomy back at the time of Copernicus and ...

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The first lecture in the Kingston University introductory subject Becoming an Economist



Economists clearly disagree with each other, in a manner that is quite unlike both the physical sciences and other social sciences. This lecture discusses why this is so, making an analogy to the state of astronomy back at the time of Copernicus and Galileo, where new observations and a new model challenged the view that the Earth was the center of the Universe. I introduce the 8 or so main approaches to economics, from both “Freshwater” and “Saltwater” variants of Neoclassical economics, through to Econophysics



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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