EP 320 - Steve is a professor, a world leading critic of neo-classical economics, and a major contributor to the development of an alternative monetary approach to economics. We discuss the urgent need to debunk mainstream economic theories, particularly those ignoring climate change and energy integration, and advocate for substantial paradigm shifts in addressing these issues. Steve introduces Ravel - his innovative software revolutionising data analysis. He also emphasises the need for more engineers and scientists in leadership roles, supporting his arguments with personal anecdotes and reflections on his experiences and ambitions.Chapters:00:00 BWB with Dr Steve Keen01:08 Climate Change and Economics01:43 Introducing Ravel: A Revolutionary Software03:21 The Problem with Spreadsheets04:29 The Complexity of Economic Systems08:56 The Role of AI in Data Analysis16:29 Flaws in Economic Surveys and Data Collection19:13 The Greek System of Sortition and Modern Politics30:59 The Paradigm Shift in Science and Economics44:41 The Financial Crisis and Economic Theories48:17 Shifting Expectations and Risky Investments48:47 Current Economic Cycle and Private Debt49:32 Neoclassical Economics and Interest Rates51:28 Inflation and Markups52:40 The Ignored Problem of Private Debt01:22:19 China's Economic Approach and Global Comparisons01:24:40 Wrap Upbusinesswithoutbullshit.meFollow us:YouTubeInstagramTikTokLinkedinTwitterIf you'd like to be on the show, get in contact - [email protected] is powered by Oury Clark

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