#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