The micro completely misses who we are as biological animals. We can't just parse everything of value in the human experience into utility and assume that it will somehow be paretal optimal. And this, this is the point that i i emphasize my da bunking economic song. The theory of supply empirically falls wen you find the same thing in demand. Everything about the theory is unsound, is the implication.
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