– Keynes’ General Theory of Employment
– Hyman Minsky’s Can ‘It’ Happen Again?
– Steve Keen’s Debunking Economics
– Thoman Kuhn’s The Structure of Scientific Revolutions
– John Anderson’s More is Different
– Steve Keen’s Can We Avoid Another Financial Crisis?
– Steve Keen’s DebtDeflation blog
– Hyman Minsky’s John Maynard Keynes
– John Blatt’s Dynamic Economic Systems
Neoclassical Economics (Friedrich Hayek): Neoclassical economics is an approach to economics focusing on the relationship of goods, outputs, and income distributions in markets through supply and demand.
Keynesian Economics: In the short run, and especially during recessions, economic output is strongly influenced by demand (total spending in the economy).
Supply/demand curves: Demand refers to how much (quantity) of a product or service is desired by buyers. Supply represents how much the market can offer.
Keynesian/Neoclassical Synthesis: A post WWII movement in economics that worked towards absorbing the theories of Keynes into Neoclassical Economics (see above).
First Principles Reasoning: A first principle is a basic, foundational, self-evident proposition or assumption that cannot be deduced from any other proposition or assumption. First principles do not make assumptions in their arguments.
2nd Law of Thermodynamics: The second law of thermodynamics says that when energy changes from one form to another form, disorder increases. Put simply, when a transfer of energy occurs, there is a residual amount of energy that is left redundant. .