How Economics Became a Cult (On iNET)

Rebel Economics with Dr. Steve Keen

"The most dangerous person you'll meet in the world is a person who's sincerely chasing you down the road trying to cut your head off."

Join the influential contrarian economist Steve Keen as he critiques modern economics and its foundational flaws. In this eye-opening discussion, Keen explains how mainstream economics has evolved into a cult-like belief system, immune to its own mathematical errors and real-world failures. Discover how his work, inspired by non-mainstream economists like Herman Minsky and Joseph Schumpeter, aims to reform economic theory using complex systems models. Learn about his innovative software, Minsky, designed to incorporate monetary dynamics into economic modeling, and how it challenges the traditional equilibrium approach. Dive into the intricacies of economic theory, the role of money, and the potential for a new economic paradigm.

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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.