Steve Keen on Non-Equilibrium Economics: Lecture 5

This is Lec­ture 5 (“Mod­el­ing Minsky’s Finan­cial Insta­bil­ity Hypothesis”) of a series of 5 lectures by Steve Keen on non-equilibrium economics, given in Quito (Ecuador) at FLACSO (the Latin American Social Sciences Institute) in September, 2013.

This final lecture looks at bank­ing and endogenous money.

Steve Keen on Non-Equilibrium Economics: Lecture 4

This is Lec­ture 4 (“Mod­el­ing Minsky’s Finan­cial Insta­bil­ity Hypothesis”) of a series of 5 lectures by Steve Keen on non-equilibrium economics, given in Quito (Ecuador) at FLACSO (the Latin American Social Sciences Institute) in September, 2013.

Here Steve Keen models the “Great Mod­er­a­tion” and subsequent eco­nomic breakdown with Hyman Minsky’s finan­cial insta­bil­ity hypothesis.

Steve Keen on Non-Equilibrium Economics: Lecture 3

This is Lec­ture 3 (“Minsky’s Finan­cial Insta­bil­ity Hypothesis”) of a series of 5 lectures by Steve Keen on non-equilibrium economics, given in Quito (Ecuador) at FLACSO (the Latin American Social Sciences Institute) in September, 2013.

This third lecture looks at Minsky’s Finan­cial Insta­bil­ity Hypothesis.

Steve Keen on Non-Equilibrium Economics: Lecture 2

This is Lec­ture 2 (“Lec­ture 2: The Found­ing Fathers of Dis­e­qui­lib­rium Economics”) of a series of 5 lectures by Steve Keen on non-equilibrium economics, given in Quito (Ecuador) at FLACSO (the Latin American Social Sciences Institute) in September, 2013.

In this second lecture, Keen examines Marx, Schum­peter, Fisher, Keynes, Michał Kalecki, and Min­sky as dis­e­qui­lib­rium economists.

Steve Keen on Non-Equilibrium Economics: Lecture 1

This is Lec­ture 1 (“Why Eco­nom­ics Must be a Dis­e­qui­lib­rium Discipline”) of a series of 5 lectures by Steve Keen on non-equilibrium economics, given in Quito (Ecuador) at FLACSO (the Latin American Social Sciences Institute) in September, 2013.

Perhaps the title is meant to evoke the classic monograph of Nicholas Kaldor called Economics Without Equilibrium (Armonk, N.Y., 1985), and Steve Keen does not disappoint in his discussion of why economics needs to reject neoclassical Walrasian equilibrium theory and be a social science that deals with dis­e­qui­lib­rium.







BIBLIOGRAPHY
Kaldor, Nicholas. 1985. Economics Without Equilibrium. M.E. Sharpe, Armonk, N.Y.