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Keen 2018 Masters Lecture 02 Value Theory For Understanding Capitalism

Summary:
Marx’s dialectical philosophy leads to a theory of value that (a) is consistent with the Laws of Thermodynamics; (b) contradicts the Labour Theory of Value; (c) provides a structured means to acknowledge that in the co

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Marx’s dialectical philosophy leads to a theory of value that (a) is consistent with the Laws of Thermodynamics; (b) contradicts the Labour Theory of Value; (c) provides a structured means to acknowledge that in the co


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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