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Why Economic Crisis Exists (with Lex Fridman)
Manage episode 427355726 series 3579547
Indhold leveret af Dr. Steve Keen. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Dr. Steve Keen eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
"The biggest danger in capitalism is the debt deflation far more dangerous than inflation."
Join the influential economist Steve Keen as he delves into the critical threats posed by debt deflation within our capitalist system. Learn about the intricacies of private debt, financial instability, and the paradox described by Irving Fisher. Unpack how historical and modern economic policies influence today's financial landscape and discover Keen's insights on steering away from economic breakdowns.
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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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