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?

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