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

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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