"Capitalism is fundamentally a monetary phenomenon, and we must model the monetary side of the economy."

Join influential economist Steve Keen as he challenges the traditional neoclassical perspective on economics and banking. In this thought-provoking discussion, Keen introduces his innovative dynamic simulation tool, Minsky, designed to capture the complexities of financial transactions and the role of money in economic systems. Discover how Keen's insights, rooted in the works of Hyman Minsky and the monetary circuit theory, can reshape our understanding of economic dynamics and help us navigate the current economic landscape. Whether you're an economics enthusiast or a seasoned scholar, this conversation is sure to ignite your curiosity about the future of economic modeling.

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Who is Dr. Steve Keen?

Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields.

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Myths of Economic Equilibrium (On iNET)