Documentary of the Week: Fathers of Disequilibium Economics (Continued)

February 16th, 2014
in econ_news, syndication

Econintersect: Last week our documentary was the first of a two-part lecture by Steve Keen on the history of disequilibrium economics.  This part emphasizes the contributions of Joseph Schumpeter, an "early modern" member of the Austrian School of economics and a contemporary of Ludwig von Mises.  (See GEI Analysis article, Mises and Schumpeter:  Friendly Rivals?.)

Mainstream economists have operated on the premise that complex economic systems cannot operate without extended periods of equilibrium, interrupted by by occasional disruptive shocks which then recover to a restored equilibrium. Keen concentrates on the treatment of equilibrium and disequilibrium starting with Karl Marx and extended to Joseph Schumpeter, Irving Fisher, John Maynard Keynes, Michal Kalecki and Richard Goodwin.

Video follows the Read more >> jump.

Follow up:

This was one of a series of lectures presented to the Meeting of Finance Ministers of Latin America and at FLACSO (Latin American Social Sciences Institute) in Quito on 28-30 November 2013. Three earlier lectures have been posted previously, here, here
and here (last week).


John Lounsbury



Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved