Keen first compares neoclassical approaches to modelling with heterodox ones. Then he discusses in length the required assumptions and the inconsistencies of the aggregate demand and supply model, which is extrapolated from a micro perspective. At the end some dynamic models with feedback mechanisms are shown.
The outbreak of COVID-19 has substantially accelerated the digitalization of the economy. Yet, this unprecedented growth of digital technology brought novel challenges to the labour market. Rise in income inequalities and precarious working conditions or polarization of jobs. In this essay, we try to assess what tools to use to counter these trends.
Neha Chauhan, Miguel Corredera, Krystian Lukasik, Filipa Reis
David Harvey illustrates the five most common narratives on why the financial and economic crisis took place – from human frailty to policy failure.
David Harvey; Abi Stephenson
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