22. Debunking mainstream economics with Steve Keen

Dr. Keen is known for his criticisms of orthodox economic thinking and its detachment from reality. Mr. Keen received his bachelor's degree from the University of Sydney. He went on to complete his master's degree and Ph.D. in Economics and Economic History from the University of New South Wales. He is the author of several books on economics, of which the two most famous are Debunking Economics and The New Economics. Both are critiques of modern economic theory that discuss debt deflation and financial instability. Dr. Keen has taught at the University of Western Sydney and Kingston University in London. He briefly worked as a fellow at the Centre for Policy Development in Australia. Dr. Keen has since retired and is now leading the development of a software platform called Minsky, which will be used to create visual models for national economies that are more accurate than previous iterations. Together we discussed the flaws behind the neoclassical economic framework, how human beings’ nature directly contradicts the current philosophical underpinnings in economics, and how firms can get away with charging prices above their marginal costs. To check out more of our content, including our research, visit our website: https://www.hgsss.org/