Predicting the 'Global Financial Crisis': Post-Keynesian Macroeconomics.

• Autores: Steve Keen
• Localización: Economic record, ISSN 0013-0249, Vol. 89, Nº. 285, 2013, págs. 228-254
• Idioma: inglés
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• Resumen

  • The 'Global Financial Crisis' is widely acknowledged to be a tail event for neoclassical economics (Stevens, 2008), but it was an expected outcome for a range of non-neoclassical economists from the Austrian and post-Keynesian schools. This article provides a survey of the post-Keynesian approach for readers who are not familiar with this literature. It will briefly cover the history of how post-Keynesian economics came to diverge so much from the neoclassical mainstream, and focus on post-Keynesian macroeconomics today and its alternative indicators of macroeconomic turbulence.