Traditional economic models flawed: Unstable equilibrium threatens global employment levels.
The traditional way of looking at how supply and demand affect the economy is flawed because it separates the two sides. In reality, production and income are connected, so they can't be treated separately. This leads to inconsistent levels of employment when the economy is not in balance. By changing the way we think about demand, we can see that the economy is actually unstable when supply and demand are both increasing.