Keen Debunking Economics Uni of Buenos Aires 2011
Loading...
Loading...
1,804
Loading...
Uploaded by ProfSteveKeen on Nov 20, 2011
This lecture explains why neoclassical DSGE models are inherently incapable of modeling the macroeconomy, outlines my model of Minsky's "Financial Instability Hypothesis, and shows how to build a basic model of a credit economy using QED. It concludes with a lengthy Q&A session where the questions are mainly in Spanish, since this lecture was given at the University of Buenos Aires.
- 16 likes, 1 dislikes
-
- 1:06:36
Keen Behavioural Finance 2011 Lecture 11 Global Economic Crisisby ProfSteveKeen2,539 views
- 47:42
Keen Faces of Liberal Capitalism Conferenceby ProfSteveKeen1,072 views
- 45:09
Keen Behavioural Finance 2011 Lecture 10 Financial Instability Hypothesis Part 1by ProfSteveKeen1,366 views
- 25:23
Keen Occupy Sydney Speech Saturday October 22nd 2011by ProfSteveKeen1,756 views
- 35:59
Keen Cambridge Lecture 2011by ProfSteveKeen1,456 views
- 1:29:20
Debunking Economics 2 Launch October 4th 2011by ProfSteveKeen4,568 views
- 2:25
Prof Steve Keen: Will there be a Double Dip in the USA? Part Oneby ProfSteveKeen14,714 views
- 1:10:59
Keen Debunking Economics Oxford 2011 Monbiot Seminarby ProfSteveKeen3,295 views
- 27:39
Keen Crash Course Part 2by ProfSteveKeen717 views
- 24:04
Steve Keen on BBC HARD TALK Nov 2011by aldgatetroll506 views
- 26:04
Economist Steve Keen; bankrupt banks, nationalise financial systemby arnomd8,930 views
- 31:52
The failure of Neoclassical Macro and the Monetary Circuit Theory Alternativeby ProfSteveKeen2,834 views
- 9:10
Canada's Monetary System 1 of 6by thecosmichippo11,095 views
- 4:26
Steve Keen: How He Saw "It" Coming 2/7by INETeconomics1,488 views
- 3:26
Keen's Minsky model covered in SMH 20110926by ProfSteveKeen1,436 views
- 3:17
Breville - Juice Fountain Plus Electric Juicer - Silverby Homevillagestore19,571 views
- 10:50
(1 of 3) Steve Keen on debt and the economy: How do we pay for all this? Oct 09.by halfasheep10,995 views
- 39:59
Keen Behavioural Finance 2011 Lecture 08 Modelling Endogenous Money Part 1by ProfSteveKeen1,039 views
- 28:49
Keen Crash Course Part 1by ProfSteveKeen1,788 views
- 26:44
Dr. Steve Keen - Debunking Economics - Money, Debt Crisis, Economy, Recession, Taxesby newculture4,143 views
@ApocalypticAang Money being created out of credit is a monetary imbalance in itself. It implies that whoever or whatever entity created the money is owner of all the money in circulation and that all this money should be paid back. Therefore in effect your money is not yours it belongs to the central bank.
daniel987878 2 months ago
There's nothing criminal about fractional reserve banking if you remember that “credit-money” is just a promise, aka a contract with counterparty risk (the bank may not pay up)-- so trying to ban it is like trying to ban contracts...
May I remind you that, as Prof Keen pointed out, the trouble with neo-classical economics is “Strong Reductionism” (trying to make the real world SEEM less “complicated”)
Now what's criminal would be NOT heavily regulating banking-- as with any public utility
ApocalypticAang 3 months ago
Steve Keens ROCKS! Gday Brazil from Australia!
investornator 3 months ago
Has anyone used Dr Keen's model with a currency like President Lincoln's Greenbacks.?
Has anyone even thought about a ban on fractional reserve banking and what that would do?
I am normally just an essayist but I did read a booklet on money and banking when I was 9 years-old that convinced me bankers were criminals. Please enter this into Google:
25 Reasons To Absolutely Despise Bankers And Their Minions
I wrote it.
Horse237 3 months ago