The Mainstream Obsession with Microfoundations and why it is an intellectual dead-end

Steve Keen
ProfSteveKeen, 2016
Level: mittel
Perspektiven: Komplexitätsökonomik, Postkeynesianismus
Thema: Reflexion der Ökonomik
Format: Vortrag / Vorlesung
Dauer: 01:34:08
Link: https://www.youtube.com/watch?v=xKxzxhocTtI

Keen first compares neoclassical approaches to modelling with heterodox ones. Then he discusses in length the required assumptions and the inconsistencies of the aggregate demand and supply model, which is extrapolated from a micro perspective. At the end some dynamic models with feedback mechanisms are shown.

Go to: The Mainstream Obsession with Microfoundations and why it is an intellectual dead-end

Tags: consumption | demand | dynamics | equilibrium | firm | heterodoxy | income distribution | indifference curves | luxury goods | mainstream critique | mainstream economics | marginal productivity | modelling | neoclassical economics | production | Sonnenschein-Mantel-Debreu | Sraffa | supply | theory of the firm
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Um sich weiterhin für Pluralismus und Vielfalt in der Ökonomik einzusetzen, benötigt das Netzwerk Plurale Ökonomik e.V. Unterstützung von Leuten wie dir. Deshalb freuen wir uns sehr über eine einmalige oder dauerhafte Spende.

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