Steve Keen: How Economics Became a Cult


Naked Capitalism has the article Steve Keen: How Economics Became a Cult.

Steve Keen of Kingston University, London gives an important high-level talk on the considerable shortcomings of mainstream economics. Keen argues that a major objective of the discipline is to justify the virtues of markets, which in turn leads them to adopt a strongly ideological posture along with highly simplified models and narrow mathematical approaches to reach conclusions that they find acceptable.


Sometimes (frequently) Steve Keen talks faster than my mind can comprehend, so I take what I can from his talks, and let the rest percolate for a while.

My career experience is also in scientific/engineering software design and support, so I have a little bit of an advantage understanding Keen.

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