Other, , Prof. Steven Keen
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Updated On 02 Feb, 19
4.1 ( 11 )
Given how appallingly bad neoclassical economics is, an alternative economics that is at least roughly capable of reproducing the actual performance of the economy is badly needed. One of the best studies of the empirical data about the economy was ironically undertaken by the two neoclassical economists who developed Real Business Cycle theory, Kydland and Prescott. This lecture reports their findings, focusing on the conclusion that "credit should play a larger role" in future analysis of the business cycle. I then outline the basic propositions in the theory of endogenous money.
Sep 12, 2018
Excellent course helped me understand topic that i couldn't while attendinfg my college.
March 29, 2019
Great course. Thank you very much.