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Debunking Myths and Exploring Economic Theories
The chapter challenges the belief in the imminent collapse of capitalism and explores the overproduction fallacy, discussing historical context, labor-saving technology, and the aftermath of the 2008 financial crisis. It also delves into the reliability of macroeconomics, different economic approaches, classic macroeconomic models like Keynesian theories, and the contributions of economists like Keynes and Paul Krugman.