This is my keynote presentation at the 1st European Modern Monetary conference. I cover the fallacies that mainstream economists believe about money and why they are wrong, how their decision to ignore banks, money, credit and private debt in their macroeconomics depends upon the false “Loanable Funds” model of bank behaviour, and how private debt and credit explain the tendency of capitalism to fall into financial crises.
Mark Blyth, political economist at Brown’s Watson Institute, and Carrie Nordlund, political scientist and associate director of Brown’s Master of Public Affairs program, share their take on the week’s news. Today’s topics include Trump’s spat […]
The manufacturing numbers from China at the weekend showed how hard the sector was hit by the lock-down in Wuhan and neighbouring districts. In today’s FREE Debunking Economics podcast Prof Steve Keen says the rest […]
In the new series “Economics For People” from the Institute for New Economic Thinking (INET), University of Cambridge economist and bestselling author Ha-Joon Chang explains key concepts in economics, empowering anyone to hold their government, […]