Interesting but faulty analysis by "Fault Lines" author and finance professor Raghu Rajan on the two struggling narratives (Keynesianism and Monetarism) to explain the crisis.
There is a third narrative which looks at the economy as part of the biophysical world and focuses on the ecological, energy and commodity limits to understand the real root causes of the current Transition crisis.
Observe how Rajan puts his hopes in "lower-cost energy" as one of the three forces to get us out of the crisis. Clear wishful thinking.
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