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Keen2012BehaviouralFinance07A

Summary:
Introduction to endogenous money and finance: Schumpeter, Minsky and Graziani; why effective demand is income plus the change in debt, but sectoral balance still applies; the essentials of the monetary circuit

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Introduction to endogenous money and finance: Schumpeter, Minsky and Graziani; why effective demand is income plus the change in debt, but sectoral balance still applies; the essentials of the monetary circuit


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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