A new book called Demand Side Economics, by Alan Harvey has been released, revealing some of the visionary thinkers behind changing conventional economics.

Alan introduces the book saying:

‘The purpose of this book is to lay out an economics that makes sense of history, including the revolutionary history of the present time. This “Demand Side” economics is not new. It was originated and developed by the great British economist John Maynard Keynes and by the acolytes of the pragmatic programs of the New Deal. It is called Demand Side economics because demand is the fundamental driver of economic progress and constraint in economic stagnation. The organization of demand is the organization of the economy. What is demanded is what is supplied, in scale and in selection. Employment, investment, growth and development occur along the path of what is demanded. That demand can be for public or private goods. We describe and display the demand side framework by following its development through the thought of a series of influential economists, beginning with Keynes and ending with Steve Keen and Nouriel Roubini. Through their work, concepts and analytical tools we can look in on the development of the modern economy since 1930.’

Chapter 11 is Steve’s feature chapter entitled, Steve Keen and the Great Recession, opening with a quote: