Keiser Report | Steve Keen’s New Economics Manifesto | E1719

In this episode of Summer Solutions 2021 of the Keiser Report, Max and Stacy chat with Professor Steve Keen about his new book, “The New Economics: a Manifesto”. They discuss the problems with neoclassical economics and offer some solutions. One issue is that equilibrium is a desired goal of orthodox economics whereas, as Schumpeter pointed out, instability is one of the strengths of industrial capitalism which leads to innovation. They also look at the ​increasing wealth gap and how to resolve that.

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