Insight and inspiration in turbulent times.
The essential point is that economists’ competitive frame is falsely founded, and that our competitive social systems are spawning and reinforcing a dangerously myopic culture that is doing us a great deal of damage.
One reason that the Neoclassical School is so resilient to criticism is that it has a theory of value that provides its believers with a frame of reference that is both a core set of beliefs, and a means to generate coherent arguments across a wide range of topics. Post Keynesians deliberately eschewed that, and I think this is one reason they failed.
