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Talk to Masters students at Chulakongkorn University, Bangkok

Summary:
My good friend (and Patron!) Paul Gambles took advantage of my holiday in Thailand (en route to Sydney for a sister’s 60th birthday party) to arrange a talk at Chulalongkorn University. I cover my usual monetary topics–why economics textbooks are wrong about money creation, and why this is extremely important for macroeconomics–and the reactionary emphasis ...

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My good friend (and Patron!) Paul Gambles took advantage of my holiday in Thailand (en route to Sydney for a sister’s 60th birthday party) to arrange a talk at Chulalongkorn University. I cover my usual monetary topics–why economics textbooks are wrong about money creation, and why this is extremely important for macroeconomics–and the reactionary emphasis by economists on equilibrium modeling when the rest of the world has now grown up sufficiently to model the real world as the far from equilibrium system it actually is.


There’s a very good discussion at the end, which I hope is easy enough to hear, given the excellent facilities that give everyone a microphone in the Alumni Meeting Room of the Faculty of Political Science.


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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