Mythonomics
Discover more from The Great Simplification
This week…
Last week on The Great Simplification, we visited some basics of the history of money, how it’s created and why it’s important; this week we look at how macroeconomic theory ignores not only how money is actually created, but also the centrality of energy to growth, and that the economy is a fully embedded subsystem of the environment. In order to understand the trajectory of our system and potential interventions towards more resilient systems, we need to first understand the assumptions (and blindspots) that underly our current institutions and expectations. Economist Steve Keen joins me to explain just that.
Steve is an economist, author of Debunking Economics and The New Economics: A Manifesto, and a Research Fellow at the Institute for Strategy, Resilience and Security at University College in London.
Today, we discuss what the Neoclassical assumptions miss when making economic predictions and policy, and the disastrous implications for the futures of human societies and the natural world.
I hope you learn from and enjoy this week’s episode with Steve Keen. (NB: The first 15-20 minutes do get a bit ‘economic speak’ but it gets wide open from there)
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Mythonomics
Thought-provoking, essential listening for those who want to understand the workings of our minds and the complex natural and human-produced structures that affect and support our way of life. Clear-eyed presentation of the challenges we face in the future. He opens our eyes to see the forest, not just the trees. Nate is an honest, intelligent, and pragmatic thinker and speaker. He interviews experts in many different areas, people he has had conversations with over many years.
These podcasts embody invaluable perspectives, intelligence, humility and care. They are wise companions going forward into the mystery and adventure...