Gittins and Dyspepsia

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Econ­o­mists are wont to crit­i­cise habits as a sign of irra­tional­i­ty, but they’re often a sen­si­ble rule of thumb that stops us doing oth­er things we’ll lat­er regret.

A case in point: over the years, I’ve devel­oped the habit of not read­ing Ross Git­tins. Last week I broke that habit, and the expe­ri­ence remind­ed me of how sen­si­ble that habit was.

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About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.