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Thus while diminishing returns do exist when industries are broadly defined, no industry can be considered in isolation from all the others, as suppl… - Steve Keen
" "Thus while diminishing returns do exist when industries are broadly defined, no industry can be considered in isolation from all the others, as supply and demand curve analysis requires.
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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.
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