Thursday , June 17 2021
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The author Steve Keen
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.

Steve Keen’s Debt Watch

Introducing Ravel, a "Hobbit’s Birthday Present" for my supporters on Patreon

Ravel is a program for the visual analysis and display of data. I have developed it in conjunction with Russell Standish, the programmer behind the Open Source system dynamics program Minsky (see https://sourceforge.net/projects/minsky/). Ravel is a commercial program, which we hope to finish for a first release in 2022. Today, we are releasing the current beta of Ravel to our supporters on Patreon. This video shows how to install and use Ravel. If you'd like to check it out yourself, sign...

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Ravel For Corporate Data

I use Ravel to analyze economic data, but I first designed it to make analyzing corporate data easier. Since then, Pivot Tables have become the norm. This video shows how to use Ravel instead of a Pivot Table to analyze some mock corporate transactional data. I'm releasing the current beta of Ravel to my Patreon supporters on Sunday March 28th, and I would love some of them to use it to analyze their corporate data, and tell us how it goes. There are shortcomings to the current...

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Using Ravel To Interpret Covid Data

On March 28th--my 68th birthday--I'm giving a free copy of Ravel my supporters on Patreon (at either my site https://www.patreon.com/profstevekeen or Minsky's site https://www.patreon.com/hpcoder/). It's a pre-release version, so there are bugs (some of which turn up in this demonstration) and missing features. But even as it is, Ravel makes it far easier to load and analyse multi-dimensional data than if you used a spreadsheet like Excel, or even a Pivot Table. This quick demonstration...

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Explaining money creation using my Minsky software to Sweden’s Positive Money

This was my second talk to Positiva Pengar, Sweden's version of the UK's Positive Money. Since I'd given a prepared talk just a few weeks before, I did this one in a more extempore fashion, with a lot of it being a dialogue between myself and the organizer Jussi Ora. I used Minsky to lay out the accounting behind money creation--by both banks and governments--and made the general point that, since money is (aside from cash) the liabilities of the banking sector to the non-bank sector, to...

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Talk to the Glasgow Economics Forum 2021

I cover why equilibrium has gone from a modelling compromise for 19th century Neoclassical economists into a near religious belief about the nature of economics amongst 21st century Neoclassicals, how genuine dynamic economic analysis can be derived directly from the structure of the economy, how energy can be incorporated into economic modelling, and why economics remains a pre-scientific discipline.

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Talk to the Oxford Economics Society on macro without micro and with energy

This video starts with the "green-room" chatter between myself and Oscar Brisset, who is Co-President of the Oxford Economics Society. The presentation proper starts about two minutes in. Oscar's sound feed is poor, because this was recorded on my PC, but mine is pretty clear. It's an intense one-hour lecture, covering material that should really be done over a dozen or so lectures, so if you'd like to follow up on it, please check this out on my Patreon page...

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Discussing a Modern Debt Jubilee on Macro’n’Cheese

I dis­cuss a Mod­ern Debt Jubilee On Macro’n’Cheese today, and this is a quick expla­na­tion of how it could be done. Jubilees were com­mon in antiq­ui­ty. The Lord’s Prayer did not orig­i­nal­ly say “And for­give us our sins, as we have for­giv­en those who sin against us”, but “And for­give us our debts, as we also have for­giv­en our debtors”. But an old-fash­ioned Jubilee would reward those who gam­bled with bor­rowed mon­ey, and thus effec­tive­ly penalise those who did not. It...

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