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6 Jul, 2021 07:43

Steve Keen’s new economics manifesto (E1719)

In this episode of Summer Solutions 2021 of the Keiser Report, Max and Stacy chat with Professor Steve Keen about his new book, “The New Economics: a Manifesto.” They discuss the problems with neoclassical economics and offer some solutions. One issue is that equilibrium is a desired goal of orthodox economics whereas, as Schumpeter pointed out, instability is one of the strengths of industrial capitalism which leads to innovation. They also look at the increasing wealth gap and how to resolve that.

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