#303 – Steve Keen: Marxism, Capitalism, and Economics
Lex Fridman Podcast
Lex Fridman
4.7 • 13.6K Ratings
🗓️ 17 July 2022
⏱️ 217 minutes
🧾️ Download transcript
Summary
Steve Keen is a heterodox economist and author. Please support this podcast by checking out our sponsors:
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OUTLINE:
Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
(00:00) – Introduction
(07:26) – Defining economics
(14:26) – Schools of economics
(38:45) – Karl Marx
(57:00) – Labor theory of value
(1:16:45) – Socialism
(1:31:48) – Soviet Union
(1:45:08) – China
(2:05:00) – Climate change
(2:27:03) – Economics vs Politics
(2:35:06) – Minsky’s model
(2:49:50) – Financial crisis
(2:55:07) – Inflation
(3:08:21) – Marxism
(3:15:42) – Space and AI
(3:21:47) – Advice for young people
(3:25:38) – Depression
(3:30:10) – Love
(3:34:11) – Mortality
Transcript
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| 0:00.0 | The following is a conversation with Steve Keane, a brilliant economist that criticizes |
| 0:04.4 | much of modern economics and proposes new theories and models that integrate some ideas |
| 0:09.8 | and ditch others from very thinkers, from Karl Marx to John Maynard Keynes to Hammond |
| 0:15.5 | Minsky. |
| 0:16.5 | In fact, a lot of our conversation is about Karl Marx and Marxian economics. |
| 0:22.3 | He has been a scholar of Karl Marx's work for many years, so this was a fascinating |
| 0:28.5 | exploration. |
| 0:29.8 | He has written several books I recommend, including the new economics and manifesto and the |
| 0:35.5 | bunking economics. |
| 0:39.1 | And now a quick two second mention of each sponsor. |
| 0:41.8 | Check them out in the description. |
| 0:43.3 | It's the best way to support this podcast. |
| 0:45.6 | We got weights and biases for machine learning, skiff for email, indeed for hiring, net |
| 0:52.3 | suite for efficiency and inside tracker for longevity. |
| 0:57.0 | Choose wise and my friends. |
| 0:58.5 | And now onto the full ad reads. |
| 1:00.2 | As always, no ads in the middle. |
| 1:01.8 | I try to make these things interesting, but if you skip them, if you must, please still |
| 1:05.8 | check out the sponsors. |
| 1:07.5 | I enjoy their stuff. |
| 1:09.1 | Maybe you will too. |
| 1:11.2 | This show is brought to you by a new sponsor, weights and biases. |
... |
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