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\nSteve Keen Urges Economists to Put Money into Their Models 7/7\n

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\n\nPublisher:\n\nInstitute for New Economic Thinking\n\n\n
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\nIn a monetary economy, all transactions are three-sided: There is a buyer, a seller, and a bank that records the transfer of money between the two parties. A realistic model of capitalism should have money in it, says Steve Keen in part...\nIn a monetary economy, all transactions are three-sided: There is a buyer, a seller, and a bank that records the transfer of money between the two parties. A realistic model of capitalism should have money in it, says Steve Keen in part 7 of this INET interview.Keen and his collaborators are using the INET grant to adapt existing software, traditionally employed by engineers, to the needs of economists. The goal is to develop software with which students can model a monetary economy.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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3:38
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Grade
Higher Ed
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Subjects
Social Studies & History
6 more...
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Media Type
Instructional Videos
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Source:
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\nNew Economic Thinking\n\n
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Date
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2011
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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economy, dynamics, capitalism, money, economics, work
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Additional Tags

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steve keen, monetary economy, neoclassical theory, circuit school, monetary model, monetary, economic, model, combined, grant, inet, version, year, building, forward, build, objective, framework, starts, token, mathematica, blog, triple, happen, denial
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Classroom Considerations

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Video is ad-free
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Steve Keen Urges Economists to Put Money into Their Models 7/7\" href=\"/subscription/new\">\"Steve\n\n
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