Home / Steve Keen’s Debt Watch (page 132)

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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Steve Keen’s Debt Watch

Production, Entropy and Monetary Macroeconomics

Steve Keen November 16, 2012

Economics must be based on an energy theory of value. Here I explain how the laws of thermodynamics and production are consistent, and outline the kind of energy-entropy aware, monetary, multisectoral dynamic nonequilibrium model that economics needs.

Minsky Cyclical Model Demo

Steve Keen November 10, 2012

How to build a basic cyclical macroeconomic model in under 7 minutes in Minsky. A prelude to our Kickstarter campaign to raise serious funds to develop Minsky to its full potential. For more, check out our Kickstarter preview: http://www.kickstarter.com/projects/2123355930/369710714?token=96f39287 The campaign will go live very soon. Please help make it go viral, and throw some money its way too if you want to help drag economics into the 21st century.

Minsky Money Model Demo

Steve Keen November 10, 2012

How to build a basic monetary macroeconomic model in under 7 minutes in Minsky. A prelude to our Kickstarter campaign to raise serious funds to develop Minsky to its full potential. For more, check out our Kickstarter preview: http://www.kickstarter.com/projects/2123355930/369710714?token=96f39287 The campaign will go live very soon. Please help make it go viral, and throw some money its way too if you want to help drag economics into the 21st century.

Keen 2012 UMKC Demonstrating the Minsky Program

Steve Keen September 29, 2012

A quick demonstration of dynamic modeling in Minsky at the 2012 UMKC Post Keynesian conference

Grasselli 2012 UMKC Keen model with government

Steve Keen September 29, 2012

Matheus Grasselli, Professor of Mathematics at McMaster University, presents an extension of the Keen model of financial instability to include government spending which is able to compare the austerity approach to that of running deficits during a recession.

Keen 2012 UMKC Reconciling MMT and MCT

Steve Keen September 29, 2012

My presentation at the UMKC Post Keynesian conference in 2012 where I prove that, given endogenous money, effective demand is income plus the change in debt, and show that this is compatible with sectoral balances.

Steve Keen 2012 American Monetary Institute Conference

Steve Keen September 21, 2012

My presentation to the AMI Conference (Chicago, September 21 2012). Endogenous money versus Loanable Funds, Schumpeter and the necessity of disequilibrium analysis in economics, reconciling "Effective Demand equals Income plus the Change in Debt" with sectoral balances, Introducing Minsky, the simulation software.