Steve Keen’s Debt Watch

I was awarded the Friede Gard Prize for Sustainable Economics in 2022 (see https://www.umwelt-campus.de/campus/aktuelles/news/news-details/friede-gard-preis-2022). After the award ceremony on October 13th, I gave a set of lectures and workshops. I didn't complete the entire set as planned, so I am now re-recoding them and posting one each week for the next couple of months. In this lecture, I prove that credit--the annual change in private debt--is part of aggregate demand and income in a...

I cover complexity, which is why macroeconomics cannot be derived from microeconomics; the alternative and much simpler macrofoundations of macroeconomics; how Minsky's Financial Instability Hypothesis drops out naturally from the three key definitions--the employment rate, the wages share of GDP, and the private debt to GDP ratio; then how Neoclassical economics can't integrate energy into its production function without destroying their theory of income distribution; how all Post...

This is a live demonstration of using the free, Open Source system dynamics program Minsky to illustrate the fundamental points of "Modern Monetary Theory". As I say at the end, Minsky is my gift to the #MMT community, and I would be delighted if MMT advocates adopt it to establish the fundamental insights of MMT that flow from the strictly correct accounting of financial stocks and flows that Minsky enables. I use the latest beta version of Minsky, which you can download from...

Sister Keko Mary Stella explains the work of ARDOC. ARDOC started as a women led Community Based Organization formed and run by a group of community Volunteers, irrespective of their race, culture, religion or social status. The organization was formed in 2015 by 5 volunteers who were concerned about vulnerable young mothers and poor youth who had lost a sense of belonging as a result of the aftermath of chronic poverty, illiteracy, early pregnancy and other economic challenges. At that...

That very provocative title was set for me by my hosts at the Regegeration conference I spoke at in Warsaw last week. They also gave me very little time--15 minutes, to be precise. So I put a number of "jump points" in the video to jump over lengthy explanations of arguments. This video reproduces that structure (but in 30 minutes rather than 15). In one or several subsequent videos, I'll provide the detailed explanations that I skip over here.

There's no such thing as expensive affordable housing. House prices have to fall. We have worked out how to do that without losing home owner equity, and while benefiting renters. Share widely!

Economists have misled politicians on global warming: the threat is far worse and far more immediate than they think. Please share widely

Why I'm running for the Australian Senate--please share widely!

This was an invited talk, to Extinction Rebellion UK, on the economics of climate change, where the other speaker was the inventor of "Doughnut Economics", Kate Raworth. This is a much-improved video from one I posted recently and had to remove for the privacy of XR activists.

This was an invited talk to Extinction Rebellion UK by myself and Kate Raworth.