Contrasting Economic Theories: Neoclassical vs Post-Keynesian

This chapter explores the fundamental differences between neoclassical and post-Keynesian economic theories, emphasizing the limitations of the neoclassical approach and its reliance on flawed theoretical constructs. It discusses the role of private debt, financial instability, and historical economic events, illustrating how these factors contribute to economic crises. The chapter ultimately advocates for a more empirical understanding of economic dynamics, drawing on key economic figures and concepts to critique mainstream ideologies.