Masaccio: The Shaky Foundation of Neoliberal Economics – Life-Cycle Savings

Posted on October 8, 2014 by Yves Smith

Yves here. Readers may know that we regularly savage neoliberal economics, which we often refer to as “mainstream economics.” For instance, that’s why we so often take aim at Paul Krugman, who despite his leftist inclinations, never takes them very far because he is intellectually hostage to a flawed, destructive orthodoxy.

We wrote an entire book, ECONNED, devoted to what is wrong with neoliberal economics and how fealty to its precepts produced the global financial crisis. Other economists, such as Steve Keen in his Debunking Economics, have provided even more exhaustive critiques.