The return of black box economics - a critique of Keen on effective demand and changes in debt
"In a paper for the Review of Keynesian Economics, Steve Keen recently provided a restatement of his claim that "effective demand equals income plus the change in debt". The aim of the present article is to provide a detailed critique of Keen's argument using an analytical framew...
Main Author: | Reissl, Severin |
---|---|
Institution: | ETUI-European Trade Union Institute |
Format: | TEXT |
Language: | English |
Published: |
Düsseldorf
2019
IMK |
Subjects: | |
Online Access: | https://www.labourline.org/KENTIKA-19113543124919317259-The-return-of-black-box-econom.htm |
Similar Items
-
Debt and macroeconomic stability
by: Sutherland, Douglas, et al.
Published: (2012) -
The Great Recession and the teaching of macroeconomics: A critical analysis of the Blanchard, Amighini and Giavazzi textbook
by: Bertocco, Giancarlo, et al.
Published: (2019) -
Stabilising an unequal economy? Public debt, financial regulation, and income distribution
Published: (2011) -
The sovereign debt crisis: placing a curb on growth
by: Brender, Anton, et al.
Published: (2013) -
The bubble and beyond : fictitious capital, debt deflation and the global crisis
by: Hudson, Michael
Published: (2012)