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The True Genius of Marxism (with Lex Fridman)
Manage episode 429346289 series 3579547
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"Was Karl Marx's vision of socialism truly utopian or an inevitable shift dictated by economic forces?"
Dive deep with our expert as they break down the difference between Marxian economics and Marxist political ideology. Unwrap the critical role of the 'tendency for the rate of profit to fall' in Marx's theories and how this economic principle is posited as the catalyst for a socialist future. Explore the historical context of utopian socialism versus Marx's claims of an inevitable societal shift, and unravel the complexities behind his vision of a future where human creativity might flourish beyond the constraints of capitalism.
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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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