ABSTRACT
The main purpose of this chapter is to sketch a radical but it is hoped constructive critique of orthodox economics following the pathbreaking steps of Keynes and Schumpeter: radical, because the validity of orthodox theory will be confined to a limited sub-set of simple problems; constructive, because I shall try to point out a few methodological requisites for a more satisfactory economic theory, that is, a theory able to cope with the complex problems of a modern monetary economy.
