#303 – Steve Keen: Marxism, Capitalism, and Economics

Steve Keen is a heterodox economist and author. Please support this podcast by checking out our sponsors:
- Weights & Biases: https://lexfridman.com/wnb
- Skiff: https://skiff.org/lex
- Indeed: https://indeed.com/lex to get $75 credit
- NetSuite: http://netsuite.com/lex to get free product tour
- InsideTracker: https://insidetracker.com/lex to get 20% off

EPISODE LINKS:
Steve's Twitter: https://twitter.com/profstevekeen
The New Economics (book): https://amzn.to/3zb4eg4

PODCAST INFO:
Podcast website: https://lexfridman.com/podcast
Apple Podcasts: https://apple.co/2lwqZIr
Spotify: https://spoti.fi/2nEwCF8
RSS: https://lexfridman.com/feed/podcast/
YouTube Full Episodes: https://youtube.com/lexfridman
YouTube Clips: https://youtube.com/lexclips

SUPPORT & CONNECT:
- Check out the sponsors above, it's the best way to support this podcast
- Support on Patreon: https://www.patreon.com/lexfridman
- Twitter: https://twitter.com/lexfridman
- Instagram: https://www.instagram.com/lexfridman
- LinkedIn: https://www.linkedin.com/in/lexfridman
- Facebook: https://www.facebook.com/lexfridman
- Medium: https://medium.com/@lexfridman

OUTLINE:
Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
(00:00) - Introduction
(07:26) - Defining economics
(14:26) - Schools of economics
(38:45) - Karl Marx
(57:00) - Labor theory of value
(1:16:45) - Socialism
(1:31:48) - Soviet Union
(1:45:08) - China
(2:05:00) - Climate change
(2:27:03) - Economics vs Politics
(2:35:06) - Minsky's model
(2:49:50) - Financial crisis
(2:55:07) - Inflation
(3:08:21) - Marxism
(3:15:42) - Space and AI
(3:21:47) - Advice for young people
(3:25:38) - Depression
(3:30:10) - Love
(3:34:11) - Mortality

Steve Keen is a heterodox economist and author. Please support this podcast by checking out our sponsors:

– Weights & Biases: https://lexfridman.com/wnb

– Skiff: https://skiff.org/lex

– Indeed: https://indeed.com/lex to get $75 credit

– NetSuite: http://netsuite.com/lex to get free product tour

– InsideTracker: https://insidetracker.com/lex to get 20% off

EPISODE LINKS:

Steve’s Twitter: https://twitter.com/profstevekeen

The New Economics (book): https://amzn.to/3zb4eg4

PODCAST INFO:

Podcast website: https://lexfridman.com/podcast

Apple Podcasts: https://apple.co/2lwqZIr

Spotify: https://spoti.fi/2nEwCF8

RSS: https://lexfridman.com/feed/podcast/

YouTube Full Episodes: https://youtube.com/lexfridman

YouTube Clips: https://youtube.com/lexclips

SUPPORT & CONNECT:

– Check out the sponsors above, it’s the best way to support this podcast

– Support on Patreon: https://www.patreon.com/lexfridman

– Twitter: https://twitter.com/lexfridman

– Instagram: https://www.instagram.com/lexfridman

– LinkedIn: https://www.linkedin.com/in/lexfridman

– Facebook: https://www.facebook.com/lexfridman

– Medium: https://medium.com/@lexfridman

OUTLINE:

Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.

(00:00) – Introduction

(07:26) – Defining economics

(14:26) – Schools of economics

(38:45) – Karl Marx

(57:00) – Labor theory of value

(1:16:45) – Socialism

(1:31:48) – Soviet Union

(1:45:08) – China

(2:05:00) – Climate change

(2:27:03) – Economics vs Politics

(2:35:06) – Minsky’s model

(2:49:50) – Financial crisis

(2:55:07) – Inflation

(3:08:21) – Marxism

(3:15:42) – Space and AI

(3:21:47) – Advice for young people

(3:25:38) – Depression

(3:30:10) – Love

(3:34:11) – Mortality