From “Ricardian Vice” to First Principles - by Steve Keen
Neociassical economics must die.
There is no necessity to make absurd assumptions like Friedman’s to build mathematical models of the economy. As I have shown in this book, starting from first principles is relatively easy, and leads to a dynamic, non-equilibrium vision of the economy which is far more realistic than Neoclassical economics.
profstevekeen.substack.com/p/f…
From “Ricardian Vice” to First Principles
The concluding chapter in my forthcoming book Money and Macroeconomics from First Principles, for Elon Musk and Other EngineersSteve Keen (Building a New Economics)
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JamesWNeal
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