by Summary:
Mainstream Neoclassical macroeconomics ignores banks, debt and money; Post Keynesian economics considers them but hasn’t yet incorporated the role of private debt into its macroeconomics. This lecture makes the logical case for the role of private debt in macroeconomics, and models Minsky’s Financial Instability Hypothesis. Warning: sound in part B of this lecture sucks! No ...
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Steve Keen considers the following as important:
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Mainstream Neoclassical macroeconomics ignores banks, debt and money; Post Keynesian economics considers them but hasn’t yet incorporated the role of private debt into its macroeconomics. This lecture makes the logical case for the role of private debt in macroeconomics, and models Minsky’s Financial Instability Hypothesis. Warning: sound in part B of this lecture sucks! No ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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