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The New Economics
A Manifesto
Steve Keen
polity
Copyright Page
Copyright © Steve Keen 2022
The right of Steve Keen to be identified as Author of this Work has been asserted in accordance with the UK Copyright, Designs and Patents Act 1988.
First published in 2022 by Polity Press
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ISBN-13: 978-1-5095-4528-5
ISBN-13: 978-1-5095-4529-2 (pb)
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Figures and tables
Figures
2.1. Money enables the butter maker to buy a gun without the gun maker having to want butter
2.2. The State as the conduit for fiat money transfers where money is the State’s liability and physical gold its asset
2.3. Modelling the initiation of a monetary economy in Minsky
2.4. Growth of coins and the economy from an initial minting of 1,000 coins
2.5. The fundamental monetary operations of the government
2.6. US government debt and deficits over the past 120 years
2.7. US unemployment and inflation 1960–1990
2.8. The relationship between credit and unemployment
2.9. Private debt and credit in the USA since 1834
2.10. The banking sector’s view of a mixed fiat-credit economy
2.11. An integrated view of government deficits and private sector credit
2.12.
