Why neoclassical economics has failed - Book summary of The New Economics by Steve Keen

Steve Keen has been a long term critic of neoclassical economics and in his most recent book, The New Economics he not only gives an overview of the empirical and theoretical ways in which neoclassical economics has failed to be a good model of our political economy, but he also provides some ideas and tools for building a new economics built on a dynamical systems approach. This video gives a brief summary and review of the key ideas in Steve Keen's book. ▬▬ Chapters ▬▬ 00:00 - The New Economics 01:00 - Why write a manifesto? 02:48 - Money matters 05:26 - Private banks creating money 13:05 - Neoclassical assumption of redistribution! 15:32 - Energy and the environment ▬▬ Audio visual sources / references ▬▬ Song: Ariadne - All I Need (feat. Karl Killing) [NCS Release] Music provided by NoCopyrightSounds Free Download/Stream: http://ncs.io/a-allineed Watch: http://ncs.lnk.to/a-allineedAT/youtube