Equilibrium (is) for dummies
DSGE basierend auf Mikrofundierung ist ein Irrweg. Keen stellt seine Post-Keynesianischen dynamischen Simulationsmodelle vor, abgeleitet aus "macroeconomic definitions" (employment rate/population, wages share/GDP, private debt ratio/GDP, government deficit/GDP)
Quelle
| Format | Veröffentlichung | Link |
|---|---|---|
| Blog | 2026 | https://profstevekeen.substack.com/p/equilibrium-is-for-dummies |
Wahrgenommen von Heinrichsgeist: 2026. Zitate auf dieser Seite beziehen sich auf diese Quelle, sofern nicht anders gekennzeichnet (Zitationszweck: Anschauliche Hervorhebung ausgewählter Passagen).
Interessant
There is no excuse today for using equilibrium methods to models the economy. Nonequilibrium tools exist and are widely used in real sciences. Nor is there any justification for trying to derive macroeconomics from microeconomics. This is another belief of Neoclassicals that scientists long ago realised was a fools errand.
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In fact, macroeconomics can be derived directly from macroeconomic definitions—and what emerges is not Neoclassical economics, but the core models from my side of economics, the so-called “Post-Keynesian” school. The key definitions are the employment rate, the wages share of GDP, the private debt ratio, and the ratio of government deficit spending to GDP.