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Introduction to Monetary Post Keynesian Economics

Summary:
This is a talk I’ve prepared for the University of Basel, which has established on online plural economics lecture series as part of the official curriculum–a move that I congratulate the University for. I give a very brief overview of the content and history of Post Keynesian economics, and then focus on Hyman Minsky’s Financial ...

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This is a talk I’ve prepared for the University of Basel, which has established on online plural economics lecture series as part of the official curriculum–a move that I congratulate the University for.



I give a very brief overview of the content and history of Post Keynesian economics, and then focus on Hyman Minsky’s Financial Instability Hypothesis, and my work on both modelling Minsky and explaining the role of credit in aggregate demand and income. This includes a very brief introduction to complex systems and system dynamics, using the Open Source software I designed called Minsky.



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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