Tuesday , March 2 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

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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Economics out of equilibrium–please!

This presentation to students in the EU-sponsored EPOG Masters program (see https://www.epog.eu/) covers the analysis of credit money, financial instability, Modern Monetary Theory, the role of energy in production, and how to model financial and complex systems in my Open Source system dynamics program Minsky (see https://sourceforge.net/projects/minsky/). There was a lively discussion of the way in which capitalism should be modelled--using discrete (NO!) or continuous time, etc.

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