Professor Steve Keen joins Paradigm Shock's Anjon Roy to discuss the enduring dominance of neoclassical economics despite its failures, notably the 2008 financial crisis. Keen shares insights from his education in mathematical economics, which sparked his skepticism towards equilibrium models and led him to explore non-equilibrium and endogenous money frameworks, extending the work of the late great Hyman Minsky. The discussion revisits pivotal moments in economic thought, such as the Cambridge capital debates, while questioning why significant paradigm shifts remain elusive. Keen advocates for an interdisciplinary approach to better address the complexities of modern economies, urging listeners to develop innovative, critical perspectives on economic issues.

Dr. Steve Keen’s material and courses: https://book.stevekeenfree.com/

Dr Steve Keen’s contact: https://www.linkedin.com/in/dr-steve-keen-a476a77/

Other Sources Steve Likes:

Entropy Economics: https://www.levyinstitute.org/news_items/entropy-economics-the-living-basis-of-value-and-production/

Ergodicity Economics: https://ergodicityeconomics.com/

Review of Political Economy: https://www.tandfonline.com/journals/crpe20

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