GM: This is one reason why I asked you folks to define your terms. The meaning of such terms as “orthodox” is uncertain, and may just be”what this or that group of people believes.” But to discuss the ideas or beliefs themselves, one must first define them with some precision.
Me: The paper, while making many good intellectual points, is stale dated to 2007. Looking at Keen’s work is simply a more updated version of what he is saying. And of course, what neither he nor Keen seem to be conscious of is that what is missing and sorely needed in economic and monetary theory is THE PHILOSOPHICAL CONCEPT of grace, specifically as in policies of gifting and generally as in a seamless integration of opposite truths, workabilities and applicabilities….and the deletion of untruths etc. After all grace is flow and continuing active free flowingness. Fully understand AND APPLY the concept of grace….and you’ll have the thought/philosophy and actions/policies of an economic theory of such freedom.
If you’re willing, give me your definition of the concept of grace.