Steve Keen: Marxism, Capitalism, and Economics

Lex Fridman, Released on 7/17/22

0:00 – Introduction
1:51 – Defining economics
8:50 – Schools of economics
33:10 – Karl Marx
51:24 – Labor theory of value
1:11:10 – Socialism
1:26:12 – Soviet Union
1:39:33 – China
1:59:24 – Climate change
2:21:27 – Economics vs Politics
2:29:30 – Minsky’s model
2:44:14 – Financial crisis
2:49:31 – Inflation
3:02:46 – Marxism
3:10:06 – Space and AI
3:16:11 – Advice for young people
3:20:02 – Depression
3:24:35 – Love
3:28:35 – Mortality

Lex Fridman is a Russian-American YouTuber, podcaster, online public personality, and MIT researcher.

Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticizing neoclassical economics as inconsistent, unscientific and empirically unsupported. Keen was formerly an associate professor of economics at University of Western Sydney, until he applied for voluntary redundancy in 2013, due to the closure of the economics program at the university. In autumn 2014 he became a professor and Head of the School of Economics, History and Politics at Kingston University in London. He is also a fellow at the Centre for Policy Development. His latest book is The New Economics: A Manifesto.

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