Powerpoint file for this lecture: Debtwatch Subscribers; CfESI subscribers
This lecture concludes my 11 lecture course on behavioral economics & finance and endogenous money. In it I give an overview of the Depression we are now in, and compare it to that of the 1930s. I also cover the failure of neoclassical economists to see this crisis coming: the remarkable thing was not that I and a handful of others saw this crisis coming, but that so many neoclassical economists had no idea it was approaching. I explain why they failed to see it (by ignoring private debt and believing in a fantasy of economic equilibrium), discuss the empirical dimensions of this crisis in comparison with the Great Depression, and present my explicitly monetary macroeconomic model.
I have also, on the advice of a very sensible Youtube subscriber, put these 11 lectures into a Playlist:
This organises the 11 lectures, making it easier to find and follow them in sequence.