The overdue Copernican Revolution in Economics

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This is the talk I gave at the first con­fer­ence of the Inter­na­tion­al Stu­dent Ini­tia­tive for Plu­ral­ism in Eco­nom­ics, held in the beau­ti­ful Ger­man town of Tue­bin­gen, Ger­many on Sep­tem­ber 19–21 2014.

I cov­er Min­sky, mon­ey, com­plex­i­ty, the role of debt in aggre­gate demand & aggre­gate sup­ply, and the eco­nom­ic cri­sis. I spoke too fast and cov­ered top­ics at too high a lev­el for many of the under­grad­u­ate stu­dents in the audi­ence who are part of the rebel­lion against the dom­i­nance of eco­nom­ics tuition and research by Neo­clas­si­cal eco­nom­ics. I hope putting it up here gives those stu­dents and oth­ers a chance to “hit the pause but­ton” and go through my talk more slow­ly.

Click here for the Pow­er­point slides (with embed­ded data and Min­sky files)

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The students at ISIPE 2014

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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.