Thursday , March 28 2024
Home / Mike Norman Economics / Steve Keen – How Economics Became a Cult

Steve Keen – How Economics Became a Cult

Summary:
This is so good, Steve Keen very concisely described his theories in a way I have never heard him talk about them before. This isn't for the general public.  It's very advanced and he touches on religion, philosophy, Karl Marx, Hegel 's dialect along with advanced mathematics.Steve Keen says economics students nowadays don't learn the type of advanced mathematics that students did in his time, what they learn is mythamatics, he adds.Steve Keen puts the un-equilibrium theories from physics into his theories which are based on the Minsky model. He says he was a software designer for 15 years and his computer models look nothing like the spread sheets that economists are used to. He says with more time and money he will be able to simplify his models so people will more people will find them

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes Wie Identitätspolitik die Demokratie gefährdet 

Robert Vienneau writes Perverse Switch Point For Austrian Economics

Lars Pålsson Syll writes What’s the use of economics?

Michael Hudson writes China in Charts

This is so good, Steve Keen very concisely described his theories in a way I have never heard him talk about them before. This isn't for the general public.  It's very advanced and he touches on religion, philosophy, Karl Marx, Hegel 's dialect along with advanced mathematics.

Steve Keen says economics students nowadays don't learn the type of advanced mathematics that students did in his time, what they learn is mythamatics, he adds.

Steve Keen puts the un-equilibrium theories from physics into his theories which are based on the Minsky model. He says he was a software designer for 15 years and his computer models look nothing like the spread sheets that economists are used to. He says with more time and money he will be able to simplify his models so people will more people will find them easier to understand.

I never knew economics could get advanced as this bringing into the equations human nature, philosophy, thesis, antithesus, and synthesis. The individual and the collective hold a dynamic that can never be broken, but the mainstream economists have just concentrated on the individual to our peril.

I would love to be able to do what Steve Keen does, it must be so interesting.

You can leave comments here.

https://www.patreon.com/posts/inet-interview-21674181

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *