What’s Left of Cambridge Economics?

Jan 14, 2022 James K. Galbraith

Although mainstream economics has moved past the market fundamentalism of the 1970s and 1980s, it has yet to establish a new theoretical footing. One reason is that well-meaning reformers in the field continue to embrace the same false premises that they should be seeking to overturn.

Diane Coyle, Cogs and Monsters: What Economics Is, and What It Should Be, Princeton University Press, 2021.
Nicholas Kaldor, Economics without Equilibrium, Routledge, 1985.

https://www.project-syndicate.org/onpoint/whats-wrong-with-economics-by-james-k-galbraith-2022-01?utm_source=Project+Syndicate+Newsletter&utm_campaign=11b43c82ff-op_newsletter_01_14_2022&utm_medium=email&utm_term=0_73bad5b7d8-11b43c82ff-106440339&mc_cid=11b43c82ff&mc_eid=4ddf8a88ec

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