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Crash Course in Non-Equilibrium Economics Lecture 5A

Summary:
This final lecture covers the topic of money in economic instability–both the dispute over whether the Neoclassical Loanable Funds or the Post Keynesian Endogenous Money model is more realistic, the economics implications of the latter, and how the Open Source economic modeling program Minsky can be used to model either theory.

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This final lecture covers the topic of money in economic instability–both the dispute over whether the Neoclassical Loanable Funds or the Post Keynesian Endogenous Money model is more realistic, the economics implications of the latter, and how the Open Source economic modeling program Minsky can be used to model either theory.


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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