It is easy to take potshots at the field of economics today, whether motivated by the financial crisis or the fact that Nobel laureates, such as economist and New York Times columnist Paul Krugman, ...

There is now a widespread consensus that mainstream/neoclassical economists failed miserably to either predict the coming of the 2008 financial implosion, or provide a reasonable explanation when it ...

At the heart of neoclassical economic theory is its fundamental unit of analysis, the rational actor. This individual, it is purported, behaves in a manner that maximises their utility: a series of ...

This is a preview. Log in through your library . Abstract Recent empirical studies have examined the determinants of economic growth using country-average (cross-sectional) data. By contrast, this ...

The pressures for the privatization of public services over the last 30 years are the reaction to the perceived excesses, inefficiencies, and inadequacies of public provision. They drew strength from ...

Something strange happened to economics about a century ago. In moving from classical to neo-classical economics — the dominant academic school today — economists expunged land — or natural resources.

The 19th-century creators of neoclassical economics—the theory that now serves as the basis for coordinating activities in the global market system—are credited with transforming their field into a ...

Steve Keen's latest book is succinct and wide-ranging. This book provides a clear direction for economics. Meaningful macroeconomic models must be based on reality. Equilibrium for modeling nonlinear, ...

Recently there have been a number of discussions concerning economic growth and global warming. Some have argued that the effort to prevent as much global warming as possible will incur unacceptable ...