We examine to which extent the Keen model (Keen 1995) is a faithful modelling of Minsky’s Finance. We conclude that the Keen crisis has few Minskian flavours.
The consumption of mineral resources and energy has increased exponentially over the last 100 years. Further growth is expected until at least the middle of the 21st century. In order to meet this demand, more metals will have to be produced by 2050 than over the last 100 years, which raises questions about the sustainability and conditions of supply.