How Herd Behavior Causes Economic Crises (On Renegade Inc)

"How anybody thinks they can analyze capitalism while leaving out banks, debt, and money is a bit to me like the ornithologist trying to work out how a bird flies while ignoring that the bird has wings."

Join the influential economist Steve Keen as he dissects the glaring omissions in mainstream economic models and their catastrophic implications. Discover why ignoring private debt, banks, and money leads to flawed predictions and recurring financial crises. From the US housing market crash to the global financial crisis, Keen reveals the hidden forces driving economic instability and offers a sobering critique of conventional economic wisdom. Don't miss this eye-opening exploration into the real mechanics of capitalism and the urgent need for systemic change.

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Who is Dr. Steve Keen?

Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields.