Economics is not the Emperor of the social sciences, but th… - Steve Keen

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Economics is not the Emperor of the social sciences, but the Humpty Dumpty.

Steve Keen

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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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The belief that a capitalist economy is inherently stabilising is also one for which inhabitants of market economies may pay dearly in the future.

This ascendancy of economic theory has not made the world a better place. Instead, it has made an already troubled society worse: more unequal, more unstable, and less 'efficient'.

The position I favor is that economics is a science, but a rather pathological one.

Economics is not the Emperor of the social sciences, but the Humpty Dumpty. - Steve Keen

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