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Thursday, February 01, 2018

Taking the CON out of economics

Written by the greatest living economist, Steve Keen, one of the few professional economists to have correctly anticipated the global financial crisis of 2008, eCONcomics is a series of three satires explaining why the science of economics has gone so terribly wrong.

In these savagely erudite satires, Keen highlights the lameness of the excuses offered by economists for their failure to predict anything from the financial crisis to the recent stock market highs. From "secular stagnation" to the "non-accelerating inflation rate of employment" and the "full employment real interest rate", Keen expertly mocks both the myths and the incompetence of his professional colleagues.

After reading eCONcomics, you will understand why no economist ever seems to be able to explain what is going on today, or tell you what will happen tomorrow.

Steve Keen is Professor of Economics at Kingston University in London, and an Honorary Professor at University College London.

32 pages. $3.99. eCONcomics: Taking the CON out of Economics is available via Kindle and Kindle Unlimited.

And yes, there is a very good chance that Prof. Keen and I will collaborate on an eCONcomics devoted to the subject of free trade in the coming year. We may disagree on a number of issues, but free trade is not one of them.

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30 Comments:

Anonymous mm February 01, 2018 11:06 AM  

Sweet, just downloaded.

Hope the free trade collaboration goes through.

Blogger Al February 01, 2018 11:26 AM  

Publish in hard copy. A few of us continue to reject the barbarism of today's neo-gnostic revolt against materiality.

Blogger Resident Moron™ February 01, 2018 11:53 AM  

Excellent. Purchased.

Anonymous fop February 01, 2018 11:55 AM  

Hairdressers, massage therapists, and Zumba instructors have strict educational and licensing requirements.

But anybody can be an economist.

Blogger Not a lefty February 01, 2018 12:02 PM  

This really needs to be paper published. It's the sort of thing that needs to be passed around like the pamphlets of old.

Anonymous Viiidad February 01, 2018 12:04 PM  

Al wrote:Publish in hard copy. A few of us continue to reject the barbarism of today's neo-gnostic revolt against materiality.

Do you not know how this works yet? If enough ebooks sell, CH puts out paper. Buy this if you want the latter.

Anonymous DissidentRight February 01, 2018 12:04 PM  

Thank you, this made my day.

Blogger Nate February 01, 2018 12:06 PM  

wait... you can think someone is brilliant and disagree with them at the same time?

Dude you do know you're on the internet right?

Blogger Nate February 01, 2018 12:07 PM  

' A few of us continue to reject the barbarism of today's neo-gnostic revolt against materiality. '

***insert homophobic seal meme here***

Anonymous Viiidad February 01, 2018 12:11 PM  

I embraced the barbarism of today's neo-gnostic revolt against materiality when I moved my thousands of pounds books for the third time and realized I could have just thrown a thumb drive in my suitcase instead.

Blogger Al February 01, 2018 12:19 PM  

Lots of SJW-style snark on these comment threads. Fascinating.

Blogger #7139 February 01, 2018 12:24 PM  

The only computer I have to read this on is a laptop computer with a 12x7 inch screen. The Kindle app displays the book, but I can't read it. The text is too small. And there is no way to adjust the size.

Blogger VD February 01, 2018 12:28 PM  

Lots of SJW-style snark on these comment threads. Fascinating.

What is fascinating is your lack of self-awareness.

1. Don't tell us what to do. That's impolite at best.
2. We are already planning to publish all of our comics in print editions. Why didn't you try asking about it first? It would have been a silly question, but it would have been more polite.
3. We just completed one test print. We are currently waiting for the second test print to be finished. This is a smarter approach than simply leaping whole hog into color printing.
4. We always release electronically first. This allows us to catch more errors before going to print.

Anonymous Viiidad February 01, 2018 12:29 PM  

Al wrote:Lots of SJW-style snark on these comment threads. Fascinating.

Oh for Gutenberg's sake. You can start complaining when someone tries to dox and get you fired for preferring the Harvard Classics in hardcover instead of epub.

Anonymous Viiidad February 01, 2018 12:32 PM  

#paperisprivilege

Blogger tuberman February 01, 2018 12:40 PM  

Yes, will get this soon.

Blogger James Dixon February 01, 2018 12:47 PM  

> I embraced the barbarism of today's neo-gnostic revolt against materiality when I moved my thousands of pounds books for the third time and realized I could have just thrown a thumb drive in my suitcase instead.

Pretty much, yes.

Anonymous User February 01, 2018 12:51 PM  

Talk about damning a man with faint praise. I'd rather be called a third rate, but competent, mathematician than the greatest economist, living or otherwise.

Anonymous Joe T February 01, 2018 12:52 PM  

You know, 32 pages could be just right for a comics-edition.

Blogger James Dixon February 01, 2018 12:56 PM  

> I'd rather be called a third rate, but competent, mathematician

If you look at the math involved in his work, I think you'd rate him as slightly better than third rate.

Blogger James Dixon February 01, 2018 12:57 PM  

> Lots of SJW-style snark on these comment threads. Fascinating.

You want snark. OK. You know, there are these things called "color printers" and "binders". You might want to look into them.

Blogger K Madison1 February 01, 2018 2:05 PM  

I look forward to reading the free trade book Vox. Trade is a subject I gave little thought to prior to Trump. I became suspicious about trade after seeing the way the CATO institute discusses it in light of their feelings on immigration. I follow Keen on Twitter and its hard sometimes as he does say a lot of stupid things about global warming and Trump. I guess we just grit our teeth and embrace his economic diagnosis skills as he's solid there. I haven't heard him talk about immigration. I wonder if he views that similarly to trade?

Anonymous E Deploribus Unum February 01, 2018 2:13 PM  

We always release electronically first.

Which means I buy everything the moment it's released for Kindle, then rebuy at least 80% again when it comes out in soft/hardcover. No regrets though; I've given away a bunch of it with very positive reaction.

Blogger dtungsten February 01, 2018 4:10 PM  

I found it on Amazon last night. Started reading it. I think it has The Adventures of Primero Dinero beat.

Blogger SirHamster February 01, 2018 5:05 PM  

Al wrote:Lots of SJW-style snark on these comment threads. Fascinating.

Comment with pen on paper. That'll show those revolting Internet barbarians.

Blogger Al February 01, 2018 5:51 PM  

Yes indeed, lots of SJW-style snark here. What's next for this herd? Going butts up for Paco, Jamal, and Abdul?

Anonymous Viiidad February 01, 2018 6:29 PM  

Al wrote:Yes indeed, lots of SJW-style snark here. What's next for this herd? Going butts up for Paco, Jamal, and Abdul?

And... it only took three comments for you to go completely gay.

Have you never in your entire life hung out with a group of guys, said something stupid, and then been teased? It's normal human interaction.

Say hi to Abdul for us.

Anonymous ze Swede February 01, 2018 7:56 PM  

Al, you boomer-snarker, you started it. SJW is not synonymous with things-i-dont-like. Go pull up a ladder behind you somewhere.

Anonymous trev006 February 01, 2018 8:10 PM  

At the risk of being that guy, look at page 6. The footnote in the postscript of the Ricardo story should read, "how Swiftian -IT- was of Tricardo to imagine such a thing as..."

I don't dare spoil the joke, only to remark that it was entirely worth the price of admission. Let me temper my congratulations, though, by saying Steve Keen needs to concentrate on economics instead of satire. After a promising start describing the fictional Tricardo's life as a petty con artist, he drains the dregs of the glass by inventing yet another reckless gambler. No foreigner likes the French, granted, but even then the notion of a Scotsman taking over their economy before running it into the ground with Zimbabwe-style hyperinflation would be a bit jingoistic by Victorian standards. And then inventing a British pardon- you're practically daring the reader to believe he was a weapon sent by the government to destabilize a continental rival! To cap it all off, Steve Keen demonstrates a profound lack of creativity by calling the guy "John Law!" I've read political cartoonists with more subtlety and nuance.

In future editions, please workshop the Professor's naming conventions before sending them to print.

Blogger James Dixon February 01, 2018 8:19 PM  

> Yes indeed, lots of SJW-style snark here. What's next for this herd? Going butts up for Paco, Jamal, and Abdul?

No one is forcing you to be here, a*****e. Don't let the door hit you on the way out.

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