My First Talk in Cambridge

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I gave two talks in Cam­bridge Uni­ver­si­ty on my recent trip to the UK. Since I was talk­ing to aca­d­e­m­ic audi­ences, these talks were rather more tech­ni­cal in nature than those I nor­mal­ly give. The two lec­tures are very sim­i­lar and last about 40 min­utes, but the video of the sec­ond is much longer because I record­ed the dis­cus­sion that occurred after the lec­ture (I tried to record the dis­cus­sion at the first lec­ture as well, but my recorder ran out of bat­tery pow­er half way through).

I cov­er the gamut of my views on macro­eco­nom­ics in these two talks: why neo­clas­si­cal eco­nom­ics is use­less, Min­sky’s Finan­cial Insta­bil­i­ty Hypoth­e­sis, and my ear­ly and more recent mod­els of this, with the lat­ter using my strict­ly mon­e­tary macro­eco­nom­ic method.

The dis­cus­sion after the sec­ond lec­ture touch­es on some aspects of the “mod­ern debt Jubilee” idea that was the focus of the next day’s inter­view on BBC HARDtalk. I’ll put this in a sec­ond post since it will take at least two hours for the video to be uploaded to Youtube.

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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.