Steve Keen: Marxism, Capitalism, and Economics | Lex Fridman Podcast #303

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/
Full episodes playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4
Clips playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOeciFP3CBCIEElOJeitOr41

OUTLINE:
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

SOCIAL:
– Twitter: https://twitter.com/lexfridman
– LinkedIn: https://www.linkedin.com/in/lexfridman
– Facebook: https://www.facebook.com/lexfridman
– Instagram: https://www.instagram.com/lexfridman
– Medium: https://medium.com/@lexfridman
– Reddit: https://reddit.com/r/lexfridman
– Support on Patreon: https://www.patreon.com/lexfridman