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:   / 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://open.spotify.com/episode/4eFE... RSS: https://lexfridman.com/feed/podcast/ Full episodes playlist:    • Lex Fridman Podcast   Clips playlist:    • Lex Fridman Podcast Clips   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:   / lexfridman   LinkedIn:   / lexfridman   Facebook:   / lexfridman   Instagram:   / lexfridman   Medium:   / lexfridman   Reddit:   / lexfridman   Support on Patreon:   / lexfridman