Season 1 · Episode 329
Richard Goodwin and non-linear thinking
Richard Goodwin was the biggest proponent of non-linear thinking says Steve Keen on this week’s Debunking Economics Podcast. So, why is that so important?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
December 14, 202240m 39s
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Show Notes
We continue our series looking at economists who influenced Steve Keens thinking. This week it’s American economists Richard Goodwin, who Steve says is the chief proponent of non-linear thinking in economics. He wrote Theories of Surplus Value, which was about business cycles happening without any exogenous shocks, from overaccumulation and overproduction His biggest weakness was that he didn’t accept the role of banks in money creation, as he highlighted in a letter to Steve in the 1990s.
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