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Why Economists Are Driving Us Off a Cliff (On Renegade Inc)
Manage episode 438366892 series 3579547
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"Politicians and mainstream economists are navigating the economy like amateur drivers behind the wheel of a car."
Join economist Steve Keen as he dissects the pitfalls of neoliberalism and the amateurish approach of politicians towards economic policy. In this eye-opening discussion, Keen compares economic management to driving, illustrating how misguided strategies lead to disastrous outcomes. He explores the implications of austerity measures in the UK, the impact of private debt, and the stark realities of a bubble-driven economy. Tune in to understand why the current economic landscape is fraught with challenges and what it means for the future.
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Who is Dr. Steve Keen?
Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields.
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