Reiner come came up with the factor of energy at around point six. He thinks it's higher than that, because we get more energy efficient over time. A neo classical economist would think it's point zero three or point zero four. I think it's a pretty major assumption differential between those two world views. It's a huge differential. And there's no way to convince them otherwise.
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