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Talk to Bristol University Rethinking Economics Society

Summary:
This is the same talk that I gave in my inaugural lecture at Kingston, spiced by some exchanges with some of the Bristol University economics staff. I cover a realist alternative to the “Lucas Critique” argument that macro models must be developed from microfoundations, explain my model of Minsky, and show that it is empirically ...

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This is the same talk that I gave in my inaugural lecture at Kingston, spiced by some exchanges with some of the Bristol University economics staff. I cover a realist alternative to the “Lucas Critique” argument that macro models must be developed from microfoundations, explain my model of Minsky, and show that it is empirically supported by the qualitative data of capitalism’s two big booms and busts–1920-1940 and 1990 till today.


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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