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Steve Keen
economistauthor
Steve Keen is an Australian economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific, and empirically unsupported.
Across 1 conversation, Steve Keen ranges across economic modeling, climate change, Marxism. Steve Keen critiques the reliance on equilibrium models in economics, advocating for dynamic systems modeling instead. Marx's labor theory of value is critiqued for ignoring the value added by machines, contradicting his own logic.
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previewKeen argues that traditional economic models fail to capture the dynamic nature of real-world economies, advocating for the use of differential equations over difference equations.
#303Steve Keen: Marxism, Capitalism, and Economics
The Minsky software's use of circuit diagrams and the Godley table provides a more accurate representation of financial flows, challenging conventional economic modeling.
#303Steve Keen: Marxism, Capitalism, and Economics
Keen highlights the inadequacy of climate change models that ignore precipitation, which could drastically alter agricultural productivity projections.
#303Steve Keen: Marxism, Capitalism, and Economics
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