It seems the failure of neoclassical macroeconomists to foresee the global financial crisis and the willingness of some of its more extreme members, in the Great Recession that followed, to push for ridiculous remedies such as “contractionary expansionism” have resulted, at least in Australia, in the likely downgrading of numerous journals that cater not to neoclassical economics but to non-neoclassical economics and studies in the history of economic thought (HET). There has been a predictable closing of the ranks. Steve Keen wrote an article on the situation in late September.

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