The Real Truth about Economics (with Lex Fridman)
Listen now
Description
"Economic systems are some of the most complex on Earth, and understanding them means using the right tools, which we've fundamentally failed to do." Join Steve Keen as he delves into the true essence of economics and its profound impact on human civilization. Discover why he believes the field has lost its way and how adopting engineering principles could revolutionize economic modeling. From the exploitation of high-grade energy sources to the need for respecting life, Steve challenges conventional economic thought and calls for a transformative approach to understanding and sustaining our society. -- Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com Are you an engineer, finance, or IT professional? If you are, the 7-Week Rebel Economist Challenge is 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. Apply here: https://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.
More Episodes
"Money doesn't cause inflation; people cause inflation." Join renowned economist Steve Keen as he dismantles the conventional wisdom surrounding inflation in this eye-opening discussion. Delving into the complexities of economic theory, Keen challenges the mainstream narrative that blames...
Published 10/11/24
"The biggest danger in capitalism is the debt deflation, far more dangerous than inflation." Join Steve Keen as he explores the profound insights of economist Irving Fisher and his transformation from a mainstream advocate to a critic during the Great Depression. In this engaging discussion, Keen...
Published 10/07/24