What If Up Is Really Down?

The first thing everyone learns about economics is that the demand curve slopes down and the supply curve slopes upwards. This is described as obvious 2+2=4 and a fact that needs little proof. But recently I read Debunking Economics by Steve Keen which has turned my view of economics on its head. What if down is really up? What if everything taught in basic economics is wrong? What if the supply curve really slopes down? Continue reading “What If Up Is Really Down?”