Marx, Capitalism, and Neoclassical Economics | Steve Keen | Escaped Sapiens #65
The Escaped Sapiens Podcast
Economics Lacks Scientific Foundation
- Steve Keen argues that economics doesn't qualify as a science because it relies heavily on past literature rather than empirical observation.
- He asserts that economics is dominated by 'the great book,' such as Alfred Marshall's principles, and economists reject anything contradicting it.
- Keen explains that modern science shifted away from merely rereading old texts after the Copernican Revolution, but economics has not followed suit.
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