Money and Finance
- Paul Mason Interviews Steve Keen (audio)
Newsnight economics editor Paul Mason interviews the controversial economist Steve Keen before an audience at the LSE. Keen was one of the few who predicted the 2008 crash. ..................... Related book: Debunking Economics - Revised and Expanded...
- Steve Keen Paper: "instability In Financial Markets: Sources And Remedies"
Introduction In the seemingly never-ending aftermath to the economic crisis that began in 2007, there is little disagreement that financial markets are characterized by instability rather than stability. Even Eugene Fama, the most influential proponent...
- Google Talk: Steve Keen
Link ................... Related book: Debunking Economics - Revised and Expanded Edition: The Naked Emperor Dethroned? Related previous posts: Steve Keen: Behavioral Finance Lectures Steve Keen Interview from VAL2011 ...
- Professor Steve Keen: The Debtwatch Manifesto
The fundamental cause of the economic and financial crisis that began in late 2007 was lending by the finance sector that primarily financed speculation rather than investment. The private debt bubble this caused is unprecedented, probably in human history...
- Steve Keen: Behavioral Finance Lectures
UPDATE: For his 2012 Lectures, see HERE. ----- Steve Keen is lecturing on Behavioral Finance at the University of Western Sydney this semester. He’s recording all of his lectures and posting them online. The second, expanded edition of his book...
Money and Finance
KEEN TO BE HEARD
Steve Keen, associate professor of economics at the University of Western Sydney, is becoming something of a superstar. He has been acknowledged as one of a handful of economists to have predicted the global financial crisis and now is a regular speaker at high-profile conventions around the world.
He is a consultant for the United Nations’ Economic and Social Commission for the Asia Pacific and in April he is speaking alongside George Soros and Nobel Prize-winning economists Joseph Stiglitz and Paul Krugman at the Institute for New Economic Thinking where he has been asked to give a speech on “taming financial market instability”.
The same organisation has given Keen almost $250,000 to develop software capable of predicting an economic crisis before it happens.
Last November he was interviewed on the BBC’s Hardtalk program, which attracts a worldwide audience of almost 300 million, in which he “went public” about his idea for a “debt jubilee”, where private debts are written off “en masse” to avoid “two decades” of economic stagnation.
Yet in his home country, this renegade economist is regarded as something of a quack. His outspoken views about Australia’s housing market, which he maintains will fall by 40 per cent over the next 10-15 years, have caused many to dismiss him as an attention-seeking alarmist.
Ironically, it’s a label that Keen does not mind wearing. “Somebody has to tell people the bad news,” he says. “When I saw the signs of the financial crisis back in 2005, I didn’t want to see what I was seeing.
“It was an accident, stumbling across the data while preparing to appear as an expert witness in a court case. It showed an exponential rise in private debt in Australia, and in the US, that was clearly unsustainable and was going to lead to a collapse in asset prices.
“When you see something like that, you have a responsibility to ring the alarm bell.”
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Related book: Debunking Economics - Revised and Expanded Edition: The Naked Emperor Dethroned?
Related previous post: Steve Keen: Behavioral Finance Lectures
- Paul Mason Interviews Steve Keen (audio)
Newsnight economics editor Paul Mason interviews the controversial economist Steve Keen before an audience at the LSE. Keen was one of the few who predicted the 2008 crash. ..................... Related book: Debunking Economics - Revised and Expanded...
- Steve Keen Paper: "instability In Financial Markets: Sources And Remedies"
Introduction In the seemingly never-ending aftermath to the economic crisis that began in 2007, there is little disagreement that financial markets are characterized by instability rather than stability. Even Eugene Fama, the most influential proponent...
- Google Talk: Steve Keen
Link ................... Related book: Debunking Economics - Revised and Expanded Edition: The Naked Emperor Dethroned? Related previous posts: Steve Keen: Behavioral Finance Lectures Steve Keen Interview from VAL2011 ...
- Professor Steve Keen: The Debtwatch Manifesto
The fundamental cause of the economic and financial crisis that began in late 2007 was lending by the finance sector that primarily financed speculation rather than investment. The private debt bubble this caused is unprecedented, probably in human history...
- Steve Keen: Behavioral Finance Lectures
UPDATE: For his 2012 Lectures, see HERE. ----- Steve Keen is lecturing on Behavioral Finance at the University of Western Sydney this semester. He’s recording all of his lectures and posting them online. The second, expanded edition of his book...