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Top Economist Predicts Crisis "Why Capitalism Isn't Stable" (On Renegade Inc)
Manage episode 432109542 series 3579547
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"It's like saying this ship will go a lot faster if you take off all the stuff that's there to stabilize it—you know it will, but it'll go upside down at some point and sink."
Join us as we delve into the mind of Steve Keen, the economist who has consistently predicted major economic crises that mainstream economists failed to foresee. In this riveting discussion, Keen explains why traditional economic models are fundamentally flawed, how ignoring the role of debt and banks has led to repeated financial disasters, and why the next generation of indebted students might just be the key to reforming economics. Explore the inherent instability of capitalism, the misconceptions of austerity, and the global economic landscape from the US to China. Don't miss this eye-opening critique that challenges the very foundations of modern economic thought.
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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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