About Steve Keen

I am a professional economist 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 debts accumulated in Australia, and our very low rate of inflation.

Forthcoming Talks

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I have a ridicu­lously large num­ber of pub­lic talks com­ing up this month. It all starts on Wednes­day Sep­tem­ber 10th, and doesn’t let up until Sun­day Sep­tem­ber 21st—the day before Induc­tion Week begins at Kingston Uni­ver­sity, where I am now Head of Eco­nom­ics, Pol­i­tics and His­tory, and com­mit­ted to mak­ing Kingston the world’s lead­ing cen­tre for plu­ral­ist edu­ca­tion and research in eco­nom­ics. Check the links below if you’re able to make any of these talks in, in order: Sheffield; New York; Glas­gow; Kingston; and Tub­in­gen, Ger­many. I’ll cover talks in Octo­ber in a sub­se­quent post.

How To Un-Marry a Millionaire

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I’m read­ing and enjoy­ing some “chick-lit” at the moment–or as a reviewer on Ama­zon called it, “the per­fect blend of chick-lit and bitch-lit”–entitled “How To Un-Marry a Mil­lion­aire”.

HTMAMcover

Per­sonal dis­clo­sure time: the book is the first novel by my good friend, script-writer and film pro­ducer Bil­lie Mor­ton. I’ve been mean­ing to read it for a while now, and it’s cur­rently sup­ply­ing wel­come relief from the tedium of read­ing ECB min­utes as I draft my next Busi­ness Spec­ta­tor column.

Short term lecturer position at Kingston University

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Please cir­cu­late widely – the dead­line for appli­ca­tions is 22 Sep­tem­ber! A short term lec­tur­ing posi­tion has just been adver­tised at Kingston Uni­ver­sity, where I am now Head of Eco­nom­ics, Pol­i­tics and His­tory. This is a fixed-term post to 30 June 2015. Though the period is brief, it is an oppor­tu­nity to work in our very heterodox-friendly department.

Time for a Copernican revolution in economics

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The global finan­cial cri­sis took the vast major­ity of the eco­nom­ics pro­fes­sion by sur­prise. Though there were indi­vid­ual main­stream econ­o­mists — such as Robert Shiller and Joseph Stiglitz — who claim to have warned of the cri­sis, no main­stream eco­nomic model fore­saw any­thing like what even­tu­ated in 2007. In fact, main­stream model pre­dic­tions led to politi­cians being advised to expect tran­quil eco­nomic con­di­tions ahead. The OECD’s advice in its June 2007 Eco­nomic Out­look was typical:

Help create a graphic novel version of Debunking Economics

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Genevieve Tran, who blogs at Money Big and Small, is team­ing up with graphic artist Miguel Guerra and Suzy Dias, who do the car­toons on IDEAe­co­nom­ics and pro­duce the indi-comic Super Cor­po­rate Heroes, are team­ing up to pro­duce a graphic novel ver­sion of Debunk­ing Eco­nom­ics.

Genevieve is putting together a video and has sent out the fol­low­ing call:

The revolt of (part of) the top 1% of the top 1%

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What are your pre­con­cep­tions about the author of a book with the title The Next Eco­nomic Dis­as­ter: Why It’s Com­ing and How to Avoid It? Aca­d­e­mic? Left­ist? Anti-capitalist? Anti-banker certainly?

Pre­pare to drop them all, because the author is none of the above. Tak­ing the last first, the major­ity of his career has been in bank­ing — and as a founder and CEO.

Are the students revolting, or is it economics?

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Main­stream econ­o­mists have long ignored the dynam­ics of pri­vate debt, money and banks to their detri­ment. Now more than ever, a real­is­tic and non-orthodox approach to eco­nom­ics is needed.

Last week I made my first over­seas trip on which I ticked the box ‘Aus­tralian res­i­dent depart­ing per­ma­nently’. It’s given me cause to reflect on my career as an aca­d­e­mic econ­o­mist (and part-time jour­nal­ist) in Australia.