Talking Greece, Austerity and Pluralism at the London School of Economics

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I was invit­ed by the Rethink­ing Eco­nom­ics stu­dent asso­ci­a­tion at the Lon­don School of Eco­nom­ics to give a talk about Greece, Aus­ter­i­ty, Post Key­ne­sian Eco­nom­ics and antic­i­pat­ing the cri­sis. There was an excel­lent audi­ence of around 150 for the talk, and a good dis­cus­sion after­wards: the stu­dents there are keen (par­don the pun) to learn about non-Neo­clas­si­cal approach­es to eco­nom­ics, which are taught at Kingston Uni­ver­si­ty, but which they said they do not learn from their cours­es at the LSE itself.

Click here to down­load my slides, and click below to watch the talk on YouTube. I embed­ded a num­ber of Min­sky sim­u­la­tion files in the pre­sen­ta­tion, and if you want to run them, first down­load Min­sky from here and install it. Then click on the Min­sky files after they have “bounced” onto the screen in slides 21 to 28. If you’d like to sup­port Min­sky’s devel­op­ment, please make a dona­tion via the link below or on the side­bar. The pay­ment goes direct­ly to Dr Rus­sell Stan­dish, Min­sky’s pro­gram­mer.

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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.