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

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

– Skiff: https://skiff.org/lex (https://skiff.org/lex)

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

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

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

EPISODE LINKS:

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

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

PODCAST INFO:

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

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

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

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

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

YouTube Clips: https://youtube.com/lexclips (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 (https://www.patreon.com/lexfridman)

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

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

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

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

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