Why Neoclassical Economists Didnt See the Great Recession Coming

[MsJeffrey911]

Cause there homosexual

[shygui]

Dear Professor Keen- History is dead. Economics is about choice and trade. Ever thought to get input/output from your hearted students by putting them in a circle and reading a chapter from Keyenes, Shumpeter, Smith and (Solon)?

You Econ Dudes are so smart, yet still not "thinking"..Literature is Literature, Chemistry Bonds and Econ Sells,,,so why would a 'dismal science' want to see 'the light'? Ask yourself, how would I learn this if I d

idn't know anything..WHY would I learn this? AWESOME

[kjr63]

Hello prf. Keen! Isn't there also more simple explanation to this neoclassical fallacy? "Microeconomics" is obviously an "open system," "energy" or in this case money comes in and goes out. Where as "macroeconomics" is obviously "closed system" where the money just circulates within the system.

At least in thermodynamics i believe one cannot apply open system equations to closed system.

[SabarStudios]

Love this!

Recession Buster$

youtube.com/watch?v=6sCE3LKEda­Y