The dynamics of financial instability
Simplifying Complexity
00:00
Exploring the Flaws in Neoclassical Economics
This chapter explores the key distinctions between neoclassical and post-Keynesian economic theories, particularly addressing the challenges of aggregation in neoclassical models. It critiques the neoclassical approach to market demand curves and examines how historical mathematical errors reflect ongoing issues in these economic paradigms.
Transcript
Play full episode
