Saturday , November 16 2024
Home / Video / Keen Behavioural Finance 2011 Lecture 07 Endogenous Money Part 1

Keen Behavioural Finance 2011 Lecture 07 Endogenous Money Part 1

Summary:
Endogenous money is an established empirical fact, but a seriously underdeveloped concept in economics. In this lecture I cover some of the foundational disputes that marked the development of the concept, and then introduce Graziani’s brilliant concept of the Monetary Circuit as a foundation for a monetary model of capitalism.

Topics:
Steve Keen considers the following as important:

This could be interesting, too:

Mike Norman writes Class

Mike Norman writes Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell

Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform

Nick Falvo writes Homelessness planning during COVID











Endogenous money is an established empirical fact, but a seriously underdeveloped concept in economics. In this lecture I cover some of the foundational disputes that marked the development of the concept, and then introduce Graziani’s brilliant concept of the Monetary Circuit as a foundation for a monetary model of capitalism.


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Your email address will not be published.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 *