"Credit is absolutely crucial to aggregate demand, and the neoclassical economists are ignoring it because it doesn't fit their model."Join economist Steve Keen as he takes a critical look at Paul Krugman's views and the neoclassical economic model in this thought-provoking discussion. Keen argues that credit plays a vital role in shaping aggregate demand and unemployment, challenging the mainstream narrative that often overlooks these connections. With compelling data and insights, he reveals why understanding the dynamics of credit is essential for grasping the complexities of our economic system. Don't miss this eye-opening exploration of economics that could change the way you think about money and demand!---Like others, if you also enjoyed this video - you'll probably like these freebies too:1) Join ~10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle (2 books valued at $60).Free this week here:new.stevekeenfree.com2) Are you an Engineer, Finance, or IT Professional? (Active or Retired)If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.Learn more here:apply.stevekeenfree.com--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.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related