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

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

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Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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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.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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