Steve Keen Urges Economists to Put Money into Their Models 7/7

The video discusses a grant project aimed at developing a monetary model of capitalism, challenging the neoclassical economic theory that often excludes money. It introduces the Circuit School's approach to monetary economies, emphasizing the use of tokens and three-sided transactions. The speaker is developing a software tool for economic modeling that is user-friendly and educational. Additionally, the speaker mentions their blog and the Center for Economic Stability, advocating for a realistic understanding of capitalism to avoid economic catastrophes.

What is the significance of double entry bookkeeping in the proposed monetary model?

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What is the objective of the Center for Economic Stability as mentioned in the text?

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