Becoming An Economist Lecture 4: Post Keynesians

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This lec­ture cov­ers the Post Key­ne­sian school of thought in eco­nom­ics, focus­ing main­ly on its mod­ern empha­sis upon endoge­nous mon­ey, sec­toral bal­ances, and Min­sky’s Finan­cial Insta­bil­i­ty Hypoth­e­sis. I also show how to do non-equi­lib­ri­um mod­el­ing (using my Open Source mod­el­ing pro­gram Min­sky of course).

Click here to down­load the Pow­er­point slides.

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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.