Zom­bies-To-Be and the Walk­ing Dead of Debt

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Using the dynam­ics of credit–which most other econ­o­mists ignore–I explain why Japan, the USA and UK are among the “Walk­ing Dead of Debt” and why China, Canada, Aus­tralia and South Korea are on their way to join­ing the Debt Zom­bies. This pre­sen­ta­tion is based on work I’m doing for a new 25000 word book for Polity Press enti­tled “Can we avoid another finan­cial cri­sis?”, which should be pub­lished later this year.

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.
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