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Crash Course in Non-Equilibrium Economics Lecture 3A

Summary:
Hyman Minsky’s strength was to integrate the disequilibrium and monetary views of Marx, Schumpeter, Fisher, Keynes and Kalecki into a coherent and convincing model of a capitalist economy. This lecture explains Kalecki’s contribution and then verbally outlines the Financial Instability Hypothesis.

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Hyman Minsky’s strength was to integrate the disequilibrium and monetary views of Marx, Schumpeter, Fisher, Keynes and Kalecki into a coherent and convincing model of a capitalist economy. This lecture explains Kalecki’s contribution and then verbally outlines the Financial Instability Hypothesis.


Steve Keen
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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