Category Archives: Geen categorie

Why the Germans are NOT right about economics

In his article “Why the Germans are right about economics” in the Financial Times Gideon Rachman considers economics as part of ethics. He refers to Smith, Marx and Hayek to illustrate this view. Until the crisis of 2008 mainstream economics … Continue reading

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Piet Keizer on the Bump, Bust, Bump Movie

Piet Keizer on the Bumb, Bust, Bump movie Tuschinski Theater, Amsterdam Tuesday 26 may, 16.00 h. première! The movie is about the incapability of neoclassically educated economists to foresee the financial crisis 2008, and it deals with the problems of … Continue reading

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POST-CRISIS ECONOMICS

Piet Keizer, Multidisciplinary Economics, A Methodological Account, Oxford University Press, May, 2015.   Post-crisis Economics When the global economy was hit by a severe financial crisis, mainstream economists were surprised. The global financial system appeared very fragile, especially in the … Continue reading

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Piet Keizer on Dan Ariely on Irrationality Introduction More than 50 years ago Herbert Simon criticised the neoclassical idea that the orthodox economic analysis, which is based on the assumption of the economic and rational homo oeconomicus, is a sound … Continue reading

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