This is a relatively short interview (about 12 and a half minutes – ah! I’ve since found the original interview, which is actually about twice as long, and will replace the shorter one)… in which Keen discusses in more general terms the difference between the Neoclassical Model and the model he’s been working on, and why there’s such a strong need for a paradigm shift.
In that sense, I found it to be something of a nice break between the necessarily far more “wonkish” videos featuring Keen that I’ve been watching lately, which are focused on describing, in a fair amount of detail, the two models themselves (the Neoclassical model, which he’s long been working to debunk, and his model, The Minsky Model, which he advocates for as a far more accurate economic model that should replace the Neoclassical one).
This video assumes some knowledge of the two models, which a person can find in all sorts of Keen’s videos and writings. Using that work as a jumping off point enables Keen here to head into a more general discussion about the implications of using the long-entrenched Neoclassical model and why a change to a better model is so important.
This kind of discussion, which is an unusual find for me in my search for more from Keen, is helpful for me as a layperson because it enables me to get a better feel for the real world impacts of using one model vs. another.