LFP 136: Steve Keen - Will economists destroy capitalism?

Our guest today is Professor Steve Keen, an economist and author best known for his long-standing critique of mainstream neoclassical economics. He was one of the relatively few economists to warn publicly, in advance, of the dangers that culminated in the 2008 Global Financial Crisis. In 2010 he received the Revere Award from the “Real World Economics Review” for that work.

His books include “Debunking Economics”, “Can We Avoid Another Financial Crisis?”, and “The New Economics: A Manifesto”. He has held professorships at Kingston University London, the University of Western Sydney, and UCL – University College London.

Selected follow-ups:

• "Prof Steve Keen" - Patreon
• "Building a New Economics" - Steve Keen's substack 
• The Technoprogressive Opportunity: Event in London, Sept 19-20
• "‘4°C of global warming is optimal’ – even Nobel Prize winners are getting things catastrophically wrong" - The Conversation
• "Paul Romer and William Nordhaus – why they won the 2018 ‘economics Nobel’" - by Sergey Popov
• "Energy in packets – What did Planck discover?" - Max Planck Society
• "Does Science Advance One Funeral at a Time?" - by Pierre Azoulay et al
• "The Great Depression" - book by Lionel Robbins
• "Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism" - book by George Akerlof and Robert Shiller
• "Irrational Exuberance" - book by Robert Shiller
• "Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist" - book by Kate Raworth
• "Hyman Minsky" - Wikipedia
• "Ben Bernanke" - Wikipedia
• "Manias, Panics, and Crashes: A History of Financial Crises" - book by Charles Kindleberger
• "How is money created?" - Bank of England
• "The Economic Crisis from a Neoclassical Perspective" - paper by Lee Ohanian
• "What helium reveals about the next chip shortage" - by Michelle Nguyen 
• "Sovereign Money Creation and Basic Income" - London Futurists webinar featuring Geoff Crocker
• "The Paradox of Debt, by the Tycho Brahe of Credit" - Review by Steve Keen of the book by Richard Vague
• "Isabella Weber" - Wikipedia
• "Economics from the Top Down" - essays by Blair Fix
• "Stratospheric aerosol injection" - Wikipedia
• "Space mirror" - Wikipedia
• "Bamboo: A Vital Ally in Climate Action" - Climate Change Commission
• "The Role of Kelp Forests in Carbon Dioxide Removal and Climate Mitigation" - Kelp Forest Alliance
• "The two-year trail of financial controversy dogging Reform and Farage" - The Guardian
• "Water pollution: Facts & Figures" - Surfers against Sewage
• "Why is it so difficult to build new reservoirs?" - BBC News
• "Peter principle" - Wikipedia

Music: Spike Protein, by Koi Discovery, available under CC0 1.0 Public Domain Declaration

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