For those interested in new models, may I suggest the work of Steve Keen, one of the economists who did predict the financial crisis. I have been following Stev

For those interested in new models, may I suggest the work of Steve Keen, one of the economists who did predict the financial crisis. I have been following Steve's work since the mid-2000s, and it is a more convincing framework for thinking about the economy than most other things I have read. Examples here [1] and here [2]. The intellectual bankruptcy on modern neoclassical economics is exposed in some of the battles Steve has had to fight over the years, such as criticism for using debt toGDP ratio [3]. If neoclassical economists cannot even describe how money is created in the modern economy, what meaningful contribution do they have to describing an economy? [4] [1] http://www.debtdeflation.com/blogs/ http://www.debtdeflation.com/blogs/ [2] https://www.youtube.com/user/ProfSteveKeen/videos https://www.youtube.com/user/ProfSteveKeen/videos [3] http://www.debtdeflation.com/blogs/2009/03/14/rory-robertson-designs-a-car/ http://www.debtdeflation.com/blogs/2009/03/14/rory-robertson... [4] http://www.businessspectator.com.au/article/2012/10/22/commodities/myth-money-multiplier http://www.businessspectator.com.au/article/2012/10/22/commo...