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Explaining Richard Koo To Paul Krugman: Endogenous Money

Summary:
Watch Explaining Richard Koo To Paul Krugman: Loanable Funds first. I then convert that model into this one on Endogenous Money with about 5 flicks of the mouse. With a model in which banks lend to non-banks, banks, debt and money become essential to macroeconomics.

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Watch Explaining Richard Koo To Paul Krugman: Loanable Funds first. I then convert that model into this one on Endogenous Money with about 5 flicks of the mouse. With a model in which banks lend to non-banks, banks, debt and money become essential to macroeconomics.


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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