This talk at the European Central Bank covers the failure of economic theorists of all persuasions, not only Neoclassical, to properly incorporate energy into their models of production, and the failure of Neoclassical economists to […]
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 […]
There is probably no economic fallacy that is so difficult to correct than that of Swabian hausfrau economics (you can only spend what you have) having no relevance with regard to public finance. Steve Keen […]
Steve covers why the Neoclassical model of banking known as “Loanable Funds” is a dangerously misleading caricature of actual banking, why credit has a crucial role in macroeconomics, and why savings is a sensible activity […]
Steve Keen on the effects of the Euro on economies in the EU.
Steve Keen too has a look at 20 years of the Euro. Steve Keen is an economist. He is an expert on Minsky’s Financial Instability Hypothesis, and is one of the handful of economists who […]
This is the recorded talk I gave to Positive Money Italy (http://monetapositiva.blogspot.com/) on November 23rd 2018. I explain that excessive private credit caused the relative boom in Italy before the crisis, and the collapse in […]
As someone who identifies as a Post Keynesian, and criticises mainstream economists for caricaturing rather than understanding Keynes’s novel contributions to economics, it was a great pleasure to be invited to address the Keynes Society […]
Debunking a typical economist error of composition: specialization may be good for you, but not for us. Complex diversity wins. Read here
This was a quite deep and extensive interview, made accessible nonetheless by David’s intelligent questions and requests for clarification. In just 27 minutes, we cover the fallacies in microeconomics the need to think of capitalism […]
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