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The One Thing Karl Marx Got Wrong
Manage episode 424584713 series 3579547
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"And he actually writes, does this have significance in economics? And then he probably went home that night, and, like, that that that idea changed him. It changed him completely."
Dive deep with Steve Keen as he explores Karl Marx's transformative insights on the labor theory of value and the dialectical tension between use value and exchange value. Discover how Marx's encounter with Hegel's philosophy reshaped his economic theories, integrating subjective and objective notions of value. Steve Keen unpacks these revolutionary ideas, challenging conventional economic thought and revealing their profound significance in understanding modern economic systems. Join us for a thought-provoking journey through the evolution of Marx's ideas and their lasting impact on economic theory.
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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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