Archive for ‘September, 2011’

18 results.
Sep30

1,000,000 economists can be wrong: the free trade fallacies

by Steve Keen on September 30th, 2011 at 8:16 am
Posted In: Debtwatch

Not only did the global financial crisis catch the vast majority of economists completely unawares, they instead expected tranquil and even buoyant times just as the biggest economic crisis since the Great Depression began. My favourite such observation is from the OECD’s Economic Outlook for June 2007—in which the Chief Economist suggested that, “the …

44 Comments
Sep27

Bulk email to Debtwatch subscribers coming

by Steve Keen on September 27th, 2011 at 6:19 pm
Posted In: Debtwatch

This is just a heads up to the 12,675 registered users on this site that you are about to receive an email from me asking for your residental address.

This is intended just for the fraction of individuals who have registered at or upgraded to a membership level that entitles them to an eBook or …

23 Comments
Sep26

INET and my Minsky model

by Steve Keen on September 26th, 2011 at 7:40 pm
Posted In: CfESI, Debtwatch

The Sydney Morning Herald ran a story and video on my simulation model “Minsky” today:

It’s time to put money into the equation, says professor

This link to the video on the SMH website is below:

http://media.smh.com.au/system/ipad/new-economics-2614470.html

For the convenience of overseas readers, I’ve reproduced the story and the video below
It’s time to put money into the equation, …

24 Comments
Sep16

New York Talk: Roosevelt Hotel, Friday 23rd

by Steve Keen on September 16th, 2011 at 8:12 pm
Posted In: Debtwatch

“Neat, Plausible, and Wrong: the deluded discipline of economics”
Blog member Robert Kahn has booked the Riverside Suite for 5-8pm. The first hour will be meet and greet; I’ll give a talk with the above title from 6pm. After questions and discussion we’ll adjourn to somewhere nearby for dinner (suggestions welcome–somewhere that has low noise …

66 Comments
Sep15

Behavioral Finance Lecture 07: Endogenous Money & Circuit Theory

by Steve Keen on September 15th, 2011 at 11:11 pm
Posted In: Debtwatch

I’ve done a demolition derby on Neoclassical economics in the previous 6 lectures; for the next 6, I’ll build a realistic alternative. First stop is the importance of the endogeneity of money in utterly revising macroeconomic analysis. In the first half of this lecture, I outline the basic propositions in endogenous money, and some …

6 Comments
Sep14

Excellent Switzer interview on Sky News Australia

by Steve Keen on September 14th, 2011 at 1:09 am
Posted In: Australia, Debtwatch, First Home Buyers, Media Coverage, Syndicate

I have just been interviewed by Peter Switzer on the Switzer show on Sky News Australia. Peter interviewed me for over 15 minutes, which allowed plenty of time to discuss such things as:

The “Revere Award” and the economists who predicted the crisis–including Michael Hudson, Wynne Godley, Ann Pettifor as well as myself, Roubini and Baker;
Why …

13 Comments
Sep12

Behavioral Finance Lecture 06: The Travesty of Neoclassical Macroeconomics

by Steve Keen on September 12th, 2011 at 6:50 pm
Posted In: Debtwatch

One year after the start of the greatest economic crisis since the Great Depression, the editor of the journal American Economic Review: Macroeconomics claimed that “the state of macro is good”. How could he be so deluded? Macroeconomics has been distorted by appalling scholarship and a misguided belief that macroeconomics and microeconomics should be …

6 Comments
Sep09

Hand of Gov report on the Australian Housing Bubble

by Steve Keen on September 9th, 2011 at 6:13 am
Posted In: Debtwatch

Late last year, the research and brokerage firm CLSA commissioned me to write a report on the Australian housing market. CLSA was founded 25 years ago  by journalists who were dissatisfied with the quality of existing journalism in finance–which then, like today, was often more public relations than investigative journalism. The company dedicated itself to independent research, …

69 Comments
Sep08

Any would-be First Home Buyer in Melbourne?

by Steve Keen on September 8th, 2011 at 10:00 am
Posted In: Debtwatch

I’ve had a query from a journalist:
Hi Steve,

I was hoping you could help me out by tapping your network of readers…

I’m currently looking for a would-be first home buyer (in Melbourne) that can’t afford to buy, despite the stamp duty reductions and the first home owners grant. Someone who has been looking for a while would …

8 Comments
Sep06

Harry Dent in Australia September & October

by Steve Keen on September 6th, 2011 at 1:34 pm
Posted In: Debtwatch

There is a handful of people around the world whose work I respect because it intelligently addresses facets of our current predicament that I don’t.

The economic and demographic analyst Harry Dent is one of those people.

Harry uses empirical data about consumption levels and population growth to accurately predict economic trends. A person’s consumption patterns …

48 Comments
  • Page 1 of 2
  • 1
  • 2
  • »