Reading The New Industrial State (Galbraith and Galbraith 1967) again, six decades after it was first published, highlighted for me just how far economic theory has retreated from reality since the 1960s. Steve Keen is […]
At the height of the financial crisis in 2008, the late Queen Elizabeth II asked economists at the London School of Economics the obvious question “why did nobody notice it?”. Doubtless there was much muttering […]
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