Debunking Economics at the University of Buenos Aires

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I was an invit­ed speak­er at the Uni­ver­si­ty’s ECON2011 con­fer­ence. In my lec­ture I explained why neo­clas­si­cal DSGE mod­els are inher­ent­ly inca­pable of mod­el­ing the macro­econ­o­my, out­lined my mod­el of Min­sky’s “Finan­cial Insta­bil­i­ty Hypoth­e­sis”, and demon­strat­ed how to build a basic mod­el of a cred­it econ­o­my using QED.

The video con­cludes with a lengthy “Q&A” ses­sion where the ques­tions are main­ly in Span­ish, but my answers, of course, are in Eng­lish.

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About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.