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Quote by Steve Keen

“The fallacy that dynamic processes must be modeled as if the system is in continuous equilibrium is probably the most important reason for the intellectual failure of neoclassical economics. Mathematics, science and engineering developed tools long ago to model outside of equilibrium processes. This dynamic approach to thinking about the economy should become second nature to economists.”

Quote by Steve Keen

Book:Adbusters #84 Pop Nihilism
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Adbusters #84 Pop Nihilism

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Steve Keen
Steve Keen

Steve Keen is an Australian economist known for his research on economic cycles and the role of debt in financial crises. His work challenges some fundamental assumptions of mainstream economics and proposes alternative economic models. more

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