Steve Keen's latest book is succinct and wide-ranging. This book provides a clear direction for economics. Meaningful macroeconomic models must be based on reality. Equilibrium for modeling nonlinear, ...

Different schools of economic thought, such as, the classical, neoclassical, Marxist, Keynesian, American Institutionalist, and Modern Money Theory, differently approach the problem of economic ...

The goal of behavioral economics is to explain “why people behave the way they do in the real world” through a multidisciplinary approach that combines economics and psychology into a singular ...

While property rights economics and the formal part of contract theory still assume perfect rationality this is not the case with transaction cost economics and the new institutional approach to ...