Steve Keen Urges Economists to Put Money into Their Models 7/7
Interactive Video
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Business, Information Technology (IT), Architecture
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University
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Practice Problem
•
Hard
Wayground Content
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The video discusses a grant project aimed at developing a monetary model of capitalism, challenging the neoclassical economic theory that often excludes money. It introduces the Circuit School's approach to monetary economies, emphasizing the use of tokens and three-sided transactions. The speaker is developing a software tool for economic modeling that is user-friendly and educational. Additionally, the speaker mentions their blog and the Center for Economic Stability, advocating for a realistic understanding of capitalism to avoid economic catastrophes.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the significance of double entry bookkeeping in the proposed monetary model?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the objective of the Center for Economic Stability as mentioned in the text?
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OFF
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