Monday , April 7 2025
Home / Video / Dialectics as a foundation for a dynamic nonequilibrium monetary economics

Dialectics as a foundation for a dynamic nonequilibrium monetary economics

Summary:
This is a long prelude to explaining the development of Minsky’s Financial Instability Hypothesis, and an exposition of the foundations of my approach to economics as well–which starts from Marx’s dialectical philosophy. An essential aspect of my approach is that I reject the “Labor Theory of Value” on the basis of Marx’s own philosophy. Since ...

Topics:
Steve Keen considers the following as important:

This could be interesting, too:

Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)

Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained

Lars Pålsson Syll writes Schuldenbremse bye bye

Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.











This is a long prelude to explaining the development of Minsky’s Financial Instability Hypothesis, and an exposition of the foundations of my approach to economics as well–which starts from Marx’s dialectical philosophy. An essential aspect of my approach is that I reject the “Labor Theory of Value” on the basis of Marx’s own philosophy. Since this is such a non-standard approach to Marx, a lengthy digression covering the development of Marx’s approach to economics is required.


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.

Leave a Reply

Your email address will not be published.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