Steve Keen

"The EMH cannot apply in a world in which investors differ in their expectations, in which the future is uncertain, and in which borrowing is rationed."

"With the market so much more in control of the global economy now than fifty years ago, then if economists are right, the world should be a manifestly better place: it should be growing faster, with m…"

"If investors disagree about future prospects of companies, then inevitably the future is not going to turn out as most — or perhaps even any — investors expect."

"If there was never any difference between the value of commodities someone desired to sell and buy on the market, then no-one would ever desire to accumulate wealth. But an essential feature of capita…"

"Though mainstream economics began by assuming that his hedonistic, individualistic approach to analysing consumer demand was intellectually sound, it ended up proving that it was not."

"If values are fairly evenly distributed around an average, then roughly two-thirds of all outcomes will be one standard deviation other side of the average."

"The belief that a capitalist economy is inherently stabilising is also one for which inhabitants of market economies may pay dearly in the future."

"Which comes first — price being set by the intersection of supply and demand, or individual firms equating marginal cost to price?"