Steve Keen is an economist and was most recently Head of the School of Economics, History and Politics at Kingston University in London. He has done research on a wide variety of topics, including Marxist economics, debt, complexity theory, and systems dynamics. In this episode, Steve and Robinson discuss his economic framework in relation to wars around the globe. More particularly, the discuss the importance of oil in the Iran War, the cold war with China, the war in Ukraine, and more.

OUTLINE

00:00 The Crucial Importance of Oil in the Iran War

08:54 Systems Dynamics and Economics

14:22 How Much Inflation Will the Iran War Cause?

18:17 Will the Iran War Cause Famine?

28:56 Conspiracy and the Iran War

30:48 Tariffs and Trade Deficits

46:03 Will Trump’s Tariffs Bring Manufacturing Back to the United States

52:49 Steve’s Motivation

59:25 The Crucial Flaw in Marxism

01:12:43 Understanding the War in Ukraine’s Impact on Europe

01:16:38 On Putin’s Motivations in Ukraine

01:26:32 Understanding Trump through Narcissistic Personality Disorder

01:32:52 Trump and the Takeover of Venezuela

01:38:11 Economists Misunderstand Everything About China

01:53:01 Why Will China Survive Global Warming?

01:57:18 AI and the Future Economics of the World

Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.