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Debunking Squared

  • Kakarot-Handtke, Egmont

Steve Keen has debunked a good part of standard economics. However, he has left standing the theory of profit. This is unfortunate, because the theory of profit is the pivot of all of theoretical economics. This tightly focused paper clarifies the factual relation of profit and income, which should be helpful to put Keen’s alternative to the standard approach on sound foundations.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 51659.

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Date of creation: 22 Nov 2013
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Handle: RePEc:pra:mprapa:51659
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  1. Keen, Steve, 2010. "Solving the paradox of monetary profits," Economics Discussion Papers 2010-2, Kiel Institute for the World Economy.
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