Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
Gold & Silver Prices
ArticlesNewsFlowGold & Silver PricesMarket Briefing

The Neoclassical conspiracy against Post Keynesian Economics

IMG Auteur
Steve Keen
Debt Deflation
Published : June 11th, 2013
101 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Krugman
Disclaimer
Category : Opinions and Analysis

24hGold - The Neoclassical con...

Paul Krug­man recently posted on pre­dic­tions of the cri­sis before it hap­pened, in a piece enti­tled “Non-prophet Eco­nom­ics”. It had a set of propo­si­tions about how one should eval­u­ate such claims with which I com­pletely and utterly agree. I’ll quote it in its entirety, because it’s an emi­nently suit­able start­ing point for eval­u­at­ing whether a pre­dic­tion was in fact made:

“So as I see it, we should first of all be eval­u­at­ing mod­els, not indi­vid­u­als; obvi­ously we need peo­ple to inter­pret those entrails mod­els, but we’re look­ing for the right eco­nomic frame­work, not the dis­mal Nostradamus.

Read more: http://www.businessspectator.com.au/article/2...s#ixzz2VszIBLQ2
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Steve Keen is associate professor at the University of Western Sydney School of Economics and Finance. As an economist, he does something very unusual : he treats money seriously, and as a result he gets a very different result on how the economy operates.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
MOST READ
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Gold Editorials | Gold Resource News | Gold Fundamental | Gold Discoveries and Drilling Results | Gold Exploration and drilling | Gold In the News and Medias | Gold Most Read Press Releases | List of Copper mining companies | List of Lithium mining companies | List of Lead mining companies | List of Nickel mining companies | List of Zinc mining companies | List of Gold mining companies | List of Silver mining companies | List of Platinum mining companies | List of Diamonds mining companies | 金銀市價 | सोने_की_कीमत_और_रजत | Precio del oro y plata | أسعار_الذهب_الفضة | ราคาทองคำและเงิน | gold und silberwechselkurs
Contact us Privacy policy Disclaimer About us
copyright 24hGold
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.