Thursday , May 8 2025
Home / Video / Kingston Masters Economic Change and Ideas Lecture 08

Kingston Masters Economic Change and Ideas Lecture 08

Summary:
This lecture starts with Yaroufakis’s critique of Neoclassical methodology and then proposes an alternative based on macroeconomic definitions and complexity theory. I build a couple of dynamics models in Minsky from scratch, and I make a few mistakes too on the way too (which I corrected once back at home, and inserted into this video). ...

Topics:
Steve Keen considers the following as important:

This could be interesting, too:

Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model

Mike Norman writes The Accursed Tariffs — NeilW

Mike Norman writes IRS has agreed to share migrants’ tax information with ICE

Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius











This lecture starts with Yaroufakis’s critique of Neoclassical methodology and then proposes an alternative based on macroeconomic definitions and complexity theory. I build a couple of dynamics models in Minsky from scratch, and I make a few mistakes too on the way too (which I corrected once back at home, and inserted into this video).



One additional mistake was that I stuffed up the sliding window graph feature of Minsky by having the boundaries the wrong way around. That’s fixed in the sample files I will put up on my Patreon page https://www.patreon.com/ProfSteveKeen.



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Your email address will not be published.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 *