Lecture05 Why Economists Disagree: The common blindspot on the Environment

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The posi­tion of the econ­o­my in the envi­ron­ment is a shared blindspot in eco­nom­ics: no exist­ing school han­dles the top­ic well, and yet this is the key issue we need to under­stand. I explain the Laws of Thermodynamics–as well as I could in an intro­duc­to­ry class with­out using mathematics–and pro­vide some links to impor­tant top­ics that stu­dents would­n’t nor­mal­ly hear about in an eco­nom­ics degree.

Click here for 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.