Ep. 294 Steve Keen on What’s Wrong With Neoclassical Economics
Steve Keen joins Bob to commiserate on the poverty of Paul Krugman, and to make the case for Hyman Minksy. An all around fun, informative conversation. Mentioned in the Episode and Other Links of Interest: The YouTube version of this interview. Steve Keen’s substack and Patreon. Steve Keen’s Debunking Economics podcast. Bob’s recent appearance on the Steve Keen…
Ep. 110 Blackjack, the Kelly Criterion, and the “Scientific” Approach to Investing
Bob discusses the famous Kelly criterion, which is a rule for capital management relevant in both gambling and investing. Bob explains the appeal of the Kelly criterion but also details how professional economists have disputed its importance. Bob illustrates the points with references to his high school Blackjack days. Mentioned in the Episode and Other…