Buccaneer Economics: Blowing away the old and inventing what works with Prof. Steve Keen

Our current economy is based on idiocy, selfishness and bizarre ideologies. What happens if we completely replace it with a different, better system? How would it work? What would the world feel like?

Professor Steve Keen, Honorary Research Associate with the Institute for Strategy, Resilience and Security at the University College London, was one of the handful of economists to realize that a serious economic crisis was imminent, and to publicly warn of it from as early as December 2005 (http://mpra.ub.uni-muenchen.de/15892/). This, and his pioneering work on modelling debt-deflation, resulted in his winning the Revere Award from the Real World Economics Review (http://rwer.wordpress.com/) for being the economist whose work is most likely to prevent a future financial crisis.

He is author of Debunking Economics, which explains in detail why the orthodox economic theory is not only wrong, but more of a threat to the survival of humanity and the more recent: New Economics: A Manifesto, which gives ideas of how we can shift to a new system of exchanging value.

He is co-creator of the Minsky App and of the Ecocore Universal Carbon Credits.

In this episode, we explore some of the wilder falsehoods of the currently orthodox model of economics, and dive into the ways we could structure a model that could work differently.

Debunking Economics Podcast: https://podcasts.apple.com/gb/podcast/debunking-economics-the-podcast/id1484374606?i=1000552938203

Patreon Site: https://www.patreon.com/ProfSteveKeen

Universal Carbon Credits: https://ecocore.org/proposal/