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Exploring Economics Lectures 01: Bank Originated Money and Debt

Summary:
This is the first of seven lectures given to the Exploring Economics Summer School (https://www.exploring-economics.org/en/summer-academy/details/) held just outside the city of Erfurt in southern Germany (I recorded all but the second lecture). The topic is the fundamental role of money in a monetary economy–which Neoclassical economics completely misconstrues by modelling capitalism as a barter system.

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This is the first of seven lectures given to the Exploring Economics Summer School (https://www.exploring-economics.org/en/summer-academy/details/) held just outside the city of Erfurt in southern Germany (I recorded all but the second lecture). The topic is the fundamental role of money in a monetary economy–which Neoclassical economics completely misconstrues by modelling capitalism as a barter system.


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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