Dr Steve Keen on Climate, Energy and Rewiring Economics

EP 320 - Steve is a professor, a world leading critic of
neo-classical economics, and a major contributor to the
development of an alternative monetary approach to economics.


We discuss the urgent need to debunk mainstream economic
theories, particularly those ignoring climate change and energy
integration, and advocate for substantial paradigm shifts in
addressing these issues.


Steve introduces Ravel - his innovative software revolutionising
data analysis. He also emphasises the need for more engineers and
scientists in leadership roles, supporting his arguments with
personal anecdotes and reflections on his experiences and
ambitions.


Chapters:


00:00 BWB with Dr Steve Keen


01:08 Climate Change and Economics


01:43 Introducing Ravel: A Revolutionary Software


03:21 The Problem with Spreadsheets


04:29 The Complexity of Economic Systems


08:56 The Role of AI in Data Analysis


16:29 Flaws in Economic Surveys and Data Collection


19:13 The Greek System of Sortition and Modern Politics


30:59 The Paradigm Shift in Science and Economics


44:41 The Financial Crisis and Economic Theories


48:17 Shifting Expectations and Risky Investments


48:47 Current Economic Cycle and Private Debt


49:32 Neoclassical Economics and Interest Rates


51:28 Inflation and Markups


52:40 The Ignored Problem of Private Debt


01:22:19 China's Economic Approach and Global Comparisons


01:24:40 Wrap Up


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