Sunday, November 27, 2011

Another Cambridge Lecture by Steve Keen

The second Cambridge lecture by Steve Keen, with a Q&A session with the audience.


  1. Interesting lecture and subsequent discussion. But I have two questions unrelated to that, however.

    1.) Out of curiosity, Lord Keynes, have you ever made any attempt at corresponding with Steve Keen?

    2.) Have you read any of these articles before?

  2. Thanks for the links,

    (1) No, I've not had any contact with Keen.

    (2) I've not seen these papers, but they look, as usual, worth reading.

  3. Oh, don't mention it. They are indeed worth reading.

  4. Lord Keynes, Christmas is coming up, and this is when I do a good amount of bulk buying of books I need (its a present to myself!!)

    Even though I consider myself an Austrian, I enjoy reading books from different schools of thought. Aside from Keynes GT, what are the top 3 Post Keynesian books you would recommend to someone? (I posted this in here because I assume one of them has to be something of Keen's)

    In terms of Post Keynesian (I've read Paul Krugman, but he doesn't count), the only book I've read is Keynes the Man. Got any other suggestions?



  5. (1) Steve Keen, Debunking Economics. (2nd edn).

    (2) Paul Davidson, The Keynes solution: the path to global economic prosperity, 2009

    (3) Paul Davidson, Financial markets, money, and the real world, 2002.

    (2) is a general book, so if you want something more advanced, replace it with one of the Post Keynesian textbooks:

    Davidson, Paul. 2011. Post Keynesian Macroeconomic Theory: Foundation for Successful Economic Policies for the Twenty-First Century (2nd edn), Edward Elgar Publishing, Cheltenham.

    Lavoie, Marc. 1992. Foundations of Post-Keynesian Economic Analysis, Edward Elgar Publishing, Aldershot, UK.

    Palley, Thomas I. 1996. Post Keynesian Economics: Debt, Distribution, and the Macro Economy, St. Martin’s Press, New York.

  6. Speaking of reading books...

    Lord Keynes, have you read anything by the renowned economic historian Barry Eichengreen of UC Berkeley? He writes from an orthodox Keynesian perspective.

  7. I've read a great deal of Barry Eichengreen's work.


    Here's an interesting interview with David Graeber on the origins and nature of money, and his theory of its cyclical change from metallism to credit money.

    If I understand Randall Wray correctly, MMT holds that money is 'always' debt, and thus in some sense always virtual. I'd like to hear your comments on this, and if possible any thoughts on Debt: the First 5000 Years.

  9. Jan said: Thanks Lord Keynes,for keep an old economist up to date.

  10. Jan,

    You are most welcome.
    You are an economist? Do you have any published writings?


  11. Jan said: Thank you Lord Keynes,I just read this post today.So excuse my delay!Yes i am in the branch economic sociology and i published but sadly most in swedish.I would not pain you with our old terrible langauge. But i work in the field of comparative cycles, buissnes and trade.My best regard to a wonderful site.
    Jan in Sweden