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The WHO warns of outbreak of virulent new 'Economic Reality' virus

Author

Listed:
  • Steve Keen

    (Kingston University, London, UK)

Abstract

A new virus, known as 'Reality', has started to afflict Mainstream Economists, causing them to reject the 'as if' arguments they used to use to justify their models. There is no known cure for the virus, and complete avoidance of 'Reality' is the only effective strategy to prevent infection.

Suggested Citation

  • Steve Keen, 2017. "The WHO warns of outbreak of virulent new 'Economic Reality' virus," Review of Keynesian Economics, Edward Elgar Publishing, vol. 5(1), pages 107-111, January.
  • Handle: RePEc:elg:rokejn:v:5:y:2017:i:1:p107-111
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    File URL: https://www.elgaronline.com/view/journals/roke/5-1/roke.2017.01.08.xml
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    Citations

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    Cited by:

    1. Thomas Palley, 2021. "Life among the Econ: fifty years on," Working Papers PKWP2106, Post Keynesian Economics Society (PKES).

    More about this item

    Keywords

    neoclassical economics; DSGE models; satire; New Keynesian economics; New Classical economics; paradigm;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E47 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Forecasting and Simulation: Models and Applications

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