Do MICRO Foundations Have a Macro Identity Crisis?

Описание: #MinskyModel
#microfoundations
#math
#Macroeconomics
#FinancialInstability

Can macroeconomics stand on its own, or must it be built from microfoundations?

In this livestream, Steve, Mike and I talk "Emergent Macroeconomics," which challenges the mainstream obsession with microfoundations and shows how real macro behavior can emerge directly from macroeconomic definitions.

How does Steve derive Minsky's Financial Instability Hypothesis without relying on fictional "representative agents." We’ll explore how debt, credit, and profits interact to generate booms and crises, and why instability is not an anomaly, but a built-in feature of capitalism.

This episode dives deep into the logic of macrofoundations, the limits of equilibrium models, and what a genuinely dynamic and monetary macroeconomics looks like.

📊 Topics Covered:
-Why microfoundations fail to explain real economies
-Deriving Minsky’s Financial Instability Hypothesis from macro identities
-The role of credit and private debt in driving cycles
-Nonlinear dynamics and emergent instability
-Why macro must be rebuilt from macrofoundations

Join us every week for a live and unscripted Q&A session with renowned economists Ty Keynes and Steve Keen! In this open-format livestream, Steve answers your questions in real time, offering fresh insight into the global economy, financial instability, debt dynamics, ecological economics, MMT, and beyond.

Whether you're an economics student, critical thinker, or someone disillusioned with the mainstream, this is your chance to engage directly with one of the leading voices challenging conventional economic thought.

🧠 What to Expect:

Live answers to viewer-submitted questions

In-depth commentary on current economic issues

Critical takes on neoclassical economics

Discussions on alternative modeling approaches and policy implications

📅 When: Weekly – Check our channel for the next live session
🗨️ How to Participate: Tune in, drop your questions in the live chat, and join the discussion!

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