We're going to hit a crisis this decade. Here is a biophysical framework that explains our reality with some pathways forward. No mainstream economist can answer either of those questions, because mainstream economics has ignored the how money is created and lived with a toy model of money creation. So they are useless on the issue of government ane. They think to day the heart of all these dynamics, sercastic, general equally remodels as normally a cob douglass production function. That's like a break glass in case of emergency. What do you think? Well, i should think it's too late for that, frankly.
On this episode, we meet with Economist, Author, and Research Fellow at the Institute for Strategy, Resilience, and Security at University College in London, Steve Keen.
Keen discusses how mainstream economics misses the centrality of energy to our economy and to our futures, the naive treatment to the risks of money and debt creation, and the disconnect economic theory has to climate change risks.
About Steve Keen:
Steve Keen is an economist, author of Debunking Economics and The New Economics: A Manifesto, a Research Fellow at the Institute for Strategy, Resilience, and Security at University College in London.
For Show Notes and Transcript visit: https://www.thegreatsimplification.com/episode/30-steve-keen