The EMH cannot apply in a world in which investors differ in their expectations, in which the future is uncertain, and in which borrowing is rationed. - Steve Keen

" "

The EMH cannot apply in a world in which investors differ in their expectations, in which the future is uncertain, and in which borrowing is rationed.

English
Collect this quote

About Steve Keen

Steve Keen (born 28 March 1953) is a professor in economics and finance at the University of Western Sydney. His recent work mostly concentrates on mathematical modeling and simulation of financial instability. He is a Fellow at the Centre for Policy Development. He classes himself as a post-Keynesian, criticizing both modern neoclassical economics and Marxian economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Hyman Minsky, Piero Sraffa, Joseph Alois Schumpeter, and François Quesnay.

Also Known As

Alternative Names: Steven Keen
All quotes from Steve Keen Similar Quotes by other Originators
Unlimited Quote Collections

Organize your favorite quotes without limits. Create themed collections for every occasion with Premium.

Get Premium Today

Additional quotes by Steve Keen

What makes economics different from and inferior to other sciences is the tenacity with which it holds to its core beliefs in the face of either contrary factual evidence or theoretical critiques that establish fundamental inconsistencies in its intellectual apparatus.'''
Sources available for members. Sign up free to see where this quote comes from
Find Similar