Debunking economics (with Steve Keen)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 18 February 2020

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’re continuing the conversation about reimagining capitalism this week with Professor Steve Keen, one of the biggest names in alternative economics. What would society look like if we stopped believing in long-held economic fictions like meritocracy and the equilibrium system? Steve Keen has spent his career working to develop an alternative, realistic economics. He is the author of Debunking Economics and the designer of Minsky, an open source dynamic modelling program that makes it possible for anyone to build and understand monetary models of the economy. He was one of the first economists to correctly predict the 2008 financial crisis and its causes. Twitter: @ProfSteveKeen Steve Keen’s work is funded through Patreon: https://www.patreon.com/ProfSteveKeen Make sure you check out Majority.FM’s AM Quickie, the morning news podcast for progressives in the know: amquickie.com Further reading: Debunking Economics: https://www.goodreads.com/book/show/10303367-debunking-economics---revised-and-expanded-edition Minsky download: https://sourceforge.net/projects/minsky/ Inequality, Debt, and Credit Stagnation: https://www.debtdeflation.com/blogs/2016/07/05/inequality-debt-and-credit-stagnation/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	Real quick before we get to the show, we wanted to take a second to make sure that you've heard about a new
0:04.1	podcast from the hosts of the majority report. It's majority fm's AM Quickie and it's the morning news
0:09.7	podcast for progressives in the know. Each morning Sam Cedar and comedian Lucy Steiner
0:14.0	bring you the overlooked, underrated, and the otherwise forgotten stories that are
0:17.8	essential to things like fighting capitalism, taking back democracy, and
0:21.3	building a more equitable society, which is all stuff we love,
0:24.7	and even better, it's all in five minutes before you are even out the door.
0:27.9	In the lukewarm world of nBR and CNN, majority fm's AM quickie lays out the day's headlines with some heat
0:33.7	letting progressives know how to navigate the endless news cycle while knowing what's right.
0:37.6	Go to AM Quicky.com to subscribe on your favorite podcast platform today and
0:41.6	brace yourself because here comes the intro music.
0:45.0	Our guest today is the esteemed and beloved Steve Keene.
0:52.0	Why do I know that name?
0:53.0	Hey Annie, who is the number one requested guest from our listeners?
0:59.0	It's like talking to Nick, but with an Australian accent.
1:03.6	Somebody sounds a lot smarter.
1:05.0	Yeah.
1:06.0	It's just the Australian touch, don't worry.
1:08.0	But obviously we're stupid good ones happen with climate change down in the country
1:11.0	reasonably, so don't let it worry you.
1:13.2	From the offices of Civic Ventures in downtown Seattle, this is Pitch Fork Economics with Nick Hanauer. It's
1:25.3	like Econ 101 without all the BS.
	...

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