What Is Neoclassical Economics & an Alternative Monetary Macroeconomics

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This is a talk I gave in Tel Aviv, Israel at the invi­ta­tion of the Rethink­ing Eco­nom­ics Stu­dent Forum there (which is a mem­ber of the Inter­na­tion­al Stu­dent Ini­tia­tive for Plu­ral­ism in Eco­nom­ics), and at the Pales­tine Eco­nom­ic Pol­i­cy Research Insti­tute in Ramal­lah, Pales­tine. I cov­er the defin­ing fea­tures of Neo­clas­si­cal Eco­nom­ics, con­trast these with Post Key­ne­sian Eco­nom­ics, and sim­u­late a debt defla­tion using the Open Source mod­el­ling pro­gram Min­sky.

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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.