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The Role of Energy In Production (with discussion)

Summary:
This is a slightly expanded presentation on developing a model of production in which energy plays an essential role, and it includes a recording of the very useful discussion that followed with my Kingston colleagues and students. I critique the Labor Theory of Value as well as the Neoclassical model of production and distribution in ...

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This is a slightly expanded presentation on developing a model of production in which energy plays an essential role, and it includes a recording of the very useful discussion that followed with my Kingston colleagues and students. I critique the Labor Theory of Value as well as the Neoclassical model of production and distribution in this talk.


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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