You're critque of neo-classical macro is sound of course, except the problem with economic theory is that it "ignores money, debt and banks" ie. Finance and its paradigm of Debt Only as in the Burden To Repay...ONLY.
As every new paradigm has always been in complete conceptual opposition to the old/present paradigm (for instance unconsciousness of ethics to consciousness of ethics, nomadic hunting and gathering to homesteading, urbanization and agriculture and geo-centrism to helio-centrism) that would make the new monetary, financial and economic paradigm Direct and Reciprocal Monetary Gifting, Monetary Gifting for short.
You're brilliant Keen, but you don't follow through conceptually/philosophically/paradigmatically on your own observations. Like that "economists can get their PhD in economics without even taking so much as an elementary course in accounting." Hence you didn't see that a reciprocal gifting policy of equal debits and credits summing to zero at the single aggregative/macro-economic point in the entire economic/productive process, namely retail sale could have such resolving benefits.
R. Buckminster Fuller: What we need is not just system's analysts, but APPLIED system's philosophers."
You're critque of neo-classical macro is sound of course, except the problem with economic theory is that it "ignores money, debt and banks" ie. Finance and its paradigm of Debt Only as in the Burden To Repay...ONLY.
As every new paradigm has always been in complete conceptual opposition to the old/present paradigm (for instance unconsciousness of ethics to consciousness of ethics, nomadic hunting and gathering to homesteading, urbanization and agriculture and geo-centrism to helio-centrism) that would make the new monetary, financial and economic paradigm Direct and Reciprocal Monetary Gifting, Monetary Gifting for short.
You're brilliant Keen, but you don't follow through conceptually/philosophically/paradigmatically on your own observations. Like that "economists can get their PhD in economics without even taking so much as an elementary course in accounting." Hence you didn't see that a reciprocal gifting policy of equal debits and credits summing to zero at the single aggregative/macro-economic point in the entire economic/productive process, namely retail sale could have such resolving benefits.
R. Buckminster Fuller: What we need is not just system's analysts, but APPLIED system's philosophers."