Debunking Economics

Debunking Economics

The Naked Emperor Dethroned?

eBook - 2011
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Debunking Economics exposes what a minority of economists have long known and many of the rest of us have long suspected: that economic theory is not only unpalatable, but also plain wrong. In this updated and expanded edition, Keen builds on his scathing critique of conventional economic theory whilst explaining what mainstream economists cannot: why the crisis occurred, why it is proving to be intractable, and what needs to be done to end it.
Publisher: London : Zed Books, 2011
Edition: 2nd ed
ISBN: 9781848139947
1848139942
9781848139954
1848139950
Characteristics: 1 online resource (496 pages)

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t
theat
Sep 22, 2015

The basic problem with the book is that in order to debunk something, you first have to explain what it is you are debunking. Unless you're an economist or a recent graduate of some MBA program, you will likely have a minimal understanding of any of the major economic theories. Keen jumps right in, using the jargon of the economists who he hopes to debunk and defeats the entire purpose of his book by so limiting his readership. I made it through two chapters.

s
StarGladiator
Apr 29, 2013

[For a short but utterly brilliant article/interview with Prof. Keen, please see the issue of Epoch Times with the article titled: "Why Free Trade Doesn't Work for the Workers"]

http://www.theepochtimes.com/n3/2188352-why-free-trade-doesnt-work-for-the-workers/
While I commend Prof. Keen for having written this book, truly, it should be so self-evident, so obvious by now, that such a book never need be done on this subject. Economics is simply the official excuse as to why there is no real economic democracy; the incredible disparities in wealth and income between the many and the few; why one person is born owning thousands or millions of acres of land, and so many others born owning no property. Behind every great fortune . . . .

g
gramsci
Jul 15, 2012

Brilliant, like David Orrell's Economyths, absolutely destroys the pretensions of mainstream neoclassical economic theory.

s
stewstealth
Mar 25, 2012

Outlines the deficiency in Neo-Classical ( and Marxian ) economic theory. I found it a very interesting read. Written as much for economists, lay people might find some of the concepts and terminology unfamiliar however the author attempts to present the information in an informal way.

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