This short video illustrates why banks, debt and credit matter in macroeconomics, by starting from the Neoclassical vision of the world in which it’s OK to ignore those issues. I model the Neoclassical “Loanable Funds” model in my system dynamics program Minsky, and it’s easy to see why they ignore banks, debt and money in ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
|