Economics & Finance / Economic Theory / Economic Methodology
Why Everything You Learned About Economics Is Wrong: Debunking Economics Explained
Debunking Economics: The Naked Emperor Dethroned
Economics is not a science. It's a collection of logical fallacies, mathematical errors, and absurd assumptions disguised as rigorous theory. In this video, we break down Steve Keen's groundbreaking book 'Debunking Economics: The Naked Emperor Dethroned.' Discover why the demand curve doesn't slope downward, why profit maximization is a myth, and why mainstream economics failed to predict the 2008 financial crisis. Keen reveals how capitalism is inherently unstable, driven by debt and credit, not equilibrium. You'll learn why the marginal productivity theory of wages is wrong, why money creation is endogenous, and why the only way out of debt crises is debt forgiveness. This is not your college econ class. This is the truth they don't want you to see. Watch to understand why the emperor has no clothes.
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