“The Misuse of Economics,” treat us to subchapters with excellent titles like “Washington and Wall street — the Twin Towers of Deception” (“Washington and Wall street both have a vested interest in the flawed models from the past.”) and on Currencies, Capital, and Complexity (Epigram: “The difficulty lies, not in the new ideas, but in escaping from the old ones.” — Keynes), a primer on prospect and complexity theory — and why Keynesianism and monetarism both tenaciously hang on, discredited and dysfunctional.
Posted on: Thu, 25 Jul 2013 19:05:00 +0000
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