It’s Hard Being a Bear (Part Six)?Good Alternative Theory?
on September 27th, 2009 at 9:44 amIf the economy does in fact recover from the Global Financial Crisis—without private debt levels once again rising relative to GDP—then my approach to economics will be proven wrong.
But this won’t prove conventional neoclassical economic theory right, because, for very different reasons to those that I put forward, modern neoclassical economics argues that the …

