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Steve Keen: “Mythonomics”
The Great Simplification with Nate Hagens
The Core Flaws of Neo Classical Economists
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Neo classical economists have no real concepts of times, he says. Most aren't even aware of how their own theories developed overtime,. Little under they are rivalwise to think about the economy. They will often reason as if the entire economy is a single utility maximizing individual who works in the factory that he owns for a wage rate set by his marginal products and invests for an indefinite future.
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