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Rethinking Economics London

Summary:
My 10 minute plenary talk to the Rethinking Economics Weekend in London. I compare the “clever but mad” Ptolemaic model of the universe to Neoclassical DSGE models, and argue that we need a new, genuinely dynamic economics. I also show that my Minsky model can be expressed as three incontrovertibly true identities, and the interaction ...

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My 10 minute plenary talk to the Rethinking Economics Weekend in London. I compare the “clever but mad” Ptolemaic model of the universe to Neoclassical DSGE models, and argue that we need a new, genuinely dynamic economics. I also show that my Minsky model can be expressed as three incontrovertibly true identities, and the interaction of them can be shown to generate both a Great Moderation and a Great Recession, using modern complex systems methods


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.

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