I’m currently at the Fields Institute in Toronto, working with mathematicians here to develop my monetary models. I am taking part in some “no maths barred” seminars every Tuesday:
But I will also give two rather more accessible talks while here. The first is on the private debt bubble and its implications for Canada:
The second is a talk on the global crisis:
Why the crisis is not over
July 5, 2012 at 5 p.m.
University of Western Sydney
Most post-WWII recessions have lasted less than a year; this crisis has been going on for five. Conventional “Neoclassical” economists didn’t see it coming, can’t understand why it hasn’t gone away, and their preferred cure of austerity seems to be making it worse. To understand where it came from, why it hasn’t gone away, and what might work to end it, you have to understand the dynamics of private debt.
Steve Keen’s models, inspired by Hyman Minsky’s “Financial Instability Hypothesis”, anticipated the crisis and explain why it won’t go away until private debt levels are drastically reduced.
For more information, see: