Tuesday , November 5 2024
Home / Video / Lecture10 Banking & Monetary Policy (Kingston Becoming an Economist lectures)

Lecture10 Banking & Monetary Policy (Kingston Becoming an Economist lectures)

Summary:
As I note in the opening, money and monetary policy shape our lives and politics, but almost everything that is convntionally believed about it, especially by mainstream economists, is wrong. I show how the Federal Reserve Governors & Federal Open Market Committee clearly believe in the “money multiplier” model, which is a logical fallacy. They ...

Topics:
Steve Keen considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.











As I note in the opening, money and monetary policy shape our lives and politics, but almost everything that is convntionally believed about it, especially by mainstream economists, is wrong. I show how the Federal Reserve Governors & Federal Open Market Committee clearly believe in the “money multiplier” model, which is a logical fallacy. They are trying to manage a system they don’t understand.


Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

Leave a Reply

Your email address will not be published. Required fields are marked *