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I’m not the only econ­o­mist cam­paign­ing to bring about a new, empir­i­cal, real­is­tic economics–far from it. In fact there is an asso­ci­a­tion ded­i­cat­ed to this end with over 10,000 sub­scribers: the World Eco­nom­ics Asso­ci­a­tion.

As is often the case, the for­ma­tion and man­age­ment of the WEA has rest­ed on the shoul­ders of one per­son: Edward Full­brook, the UK-based schol­ar who kept the PAECON move­ment alive after its birth with the French stu­dent “Protest Against Autis­tic Eco­nom­ics” revolt back in 2000. With­out his ener­gy and com­mit­ment, that spark lit by the French stu­dents might have petered out. Thanks to Ed’s efforts, the WEA is flour­ish­ing, and has almost as many mem­bers of the Amer­i­can Eco­nom­ic Asso­ci­a­tion. The WEA’s pur­pose is:

to improve eco­nom­ics. It intends to do so by encour­ag­ing plu­ral­ism, by devel­op­ing a thriv­ing, grow­ing, and active plat­form for econ­o­mists com­mit­ted to plu­ral­ism and new think­ing; and by deep­en­ing and broad­en­ing the reach of its activ­i­ties. To that end it will expand and con­tin­u­al­ly upgrade the qual­i­ty of its suite of jour­nals, estab­lish its con­fer­ences as lead­ing the field, and expand its web­site to become a cen­tral loca­tion and ref­er­ence point for eco­nom­ics and econ­o­mists.

Now the WEA is try­ing to expand its oper­a­tions, and it requires finan­cial sup­port to do this. It has put out an appeal to raise US$100,000. Mem­ber­ship of the WEA is free, but they are ask­ing mem­bers and sup­port­ers to pledge an annu­al amount equiv­a­lent to US$15. They also accept spon­sors with one-off pay­ments of from $100 up (I just put in $1,250 as a spon­sor).

If you want to encour­age the devel­op­ment of a real­is­tic eco­nom­ics, then please con­sid­er donat­ing to the WEA.

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About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.