#303 – Steve Keen: Marxism, Capitalism, and Economics

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<p>Steve Keen is a heterodox economist and author. Please support this podcast by checking out our sponsors:<br /> &#8211; <b>Weights &#38; Biases</b>: <a href="https://lexfridman.com/wnb">https://lexfridman.com/wnb</a><br /> &#8211; <b>Skiff</b>: <a href="https://skiff.org/lex">https://skiff.org/lex</a><br /> &#8211; <b>Indeed</b>: <a href="https://indeed.com/lex">https://indeed.com/lex</a> to get $75 credit<br /> &#8211; <b>NetSuite</b>: <a href="http://netsuite.com/lex">http://netsuite.com/lex</a> to get free product tour<br /> &#8211; <b>InsideTracker</b>: <a href="https://insidetracker.com/lex">https://insidetracker.com/lex</a> to get 20% off</p> <p><b>EPISODE LINKS:</b><br /> Steve&#8217;s Twitter: <a href="https://twitter.com/profstevekeen">https://twitter.com/profstevekeen</a><br /> The New Economics (book): <a href="https://amzn.to/3zb4eg4">https://amzn.to/3zb4eg4</a></p> <p><b>PODCAST INFO:</b><br /> Podcast website: <a href="https://lexfridman.com/podcast">https://lexfridman.com/podcast</a><br /> Apple Podcasts: <a href="https://apple.co/2lwqZIr">https://apple.co/2lwqZIr</a><br /> Spotify: <a href="https://spoti.fi/2nEwCF8">https://spoti.fi/2nEwCF8</a><br /> RSS: <a href="https://lexfridman.com/feed/podcast/">https://lexfridman.com/feed/podcast/</a><br /> YouTube Full Episodes: <a href="https://youtube.com/lexfridman">https://youtube.com/lexfridman</a><br /> YouTube Clips: <a href="https://youtube.com/lexclips">https://youtube.com/lexclips</a></p> <p><b>SUPPORT &#38; CONNECT:</b><br /> &#8211; Check out the sponsors above, it&#8217;s the best way to support this podcast<br /> &#8211; Support on Patreon: <a href="https://www.patreon.com/lexfridman">https://www.patreon.com/lexfridman</a><br /> &#8211; Twitter: <a href="https://twitter.com/lexfridman">https://twitter.com/lexfridman</a><br /> &#8211; Instagram: <a href="https://www.instagram.com/lexfridman">https://www.instagram.com/lexfridman</a><br /> &#8211; LinkedIn: <a href="https://www.linkedin.com/in/lexfridman">https://www.linkedin.com/in/lexfridman</a><br /> &#8211; Facebook: <a href="https://www.facebook.com/lexfridman">https://www.facebook.com/lexfridman</a><br /> &#8211; Medium: <a href="https://medium.com/@lexfridman">https://medium.com/@lexfridman</a></p> <p><b>OUTLINE:</b><br /> Here&#8217;s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.<br /> (00:00) &#8211; Introduction<br /> (07:26) &#8211; Defining economics<br /> (14:26) &#8211; Schools of economics<br /> (38:45) &#8211; Karl Marx<br /> (57:00) &#8211; Labor theory of value<br /> (1:16:45) &#8211; Socialism<br /> (1:31:48) &#8211; Soviet Union<br /> (1:45:08) &#8211; China<br /> (2:05:00) &#8211; Climate change<br /> (2:27:03) &#8211; Economics vs Politics<br /> (2:35:06) &#8211; Minsky&#8217;s model<br /> (2:49:50) &#8211; Financial crisis<br /> (2:55:07) &#8211; Inflation<br /> (3:08:21) &#8211; Marxism<br /> (3:15:42) &#8211; Space and AI<br /> (3:21:47) &#8211; Advice for young people<br /> (3:25:38) &#8211; Depression<br /> (3:30:10) &#8211; Love<br /> (3:34:11) &#8211; Mortality</p>