Search Results for: Keen

Keen Talk @ Google 2012 – don’t trust an economist

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You can’t go past the Google team for an intel­li­gent and engag­ing audi­ence. I spoke there 2 years ago to an audi­ence of about 100, and a sim­i­lar sized group turned up yes­ter­day. There were some quite chal­leng­ing ques­tions on my views about the cur­rent state of the world econ­o­my, so the talk went well over the allot­ted hour

Below is the video of the talk; the sound qual­i­ty is a bit poor (I rec­om­mend using ear­phones to lis­ten to it), but there is also an audio record­ing below that may be eas­i­er to under­stand. If there are enough com­plaints(!), we’ll blend the sep­a­rate­ly record­ed audio with the video.

Guest Post: A Double Entry View on the Keen Circuit Model

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Neil Wil­son is a UK-based  finance and infor­ma­tion sys­tems pro­fes­sion­al who blogs at 3Spoken.co.uk, and who is an active par­tic­i­pant in mon­e­tary debates. He has just pub­lished a post where he takes my “God­ley table” mod­el­ing approach and rejigs it to make it con­sis­tent with dou­ble-entry book­keep­ing stan­dards.

I am no accountant–I nev­er stud­ied account­ing at uni­ver­si­ty (I did an Arts/Law degree as an under­grad­u­ate, major­ing in Eco­nom­ics with minors in Maths & Psy­chol­o­gy), and have nev­er had to devel­op the skills subsequently–so I am hap­py to take advice from some­one like Neil about how to con­form to prop­er dou­ble-entry stan­dards.

Prof Steve Keen YouTube Channel in business again

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Some time back a YouTube Chan­nel “Prof­Steve­Keen” was estab­lished to col­late my video inter­views. It’s been inac­tive since then, but recent­ly Syd­ney writer/director and mul­ti­me­dia reporter Ben­ny Sutton–who has more than a decade’s expe­ri­ence in film­mak­ing and Aus­tralian broad­cast journalism–volunteered to pro­duce pro­fes­sion­al­ly record­ed, reg­u­lar “Vid­casts” on a range of top­ics.

The first two, on whether the US econ­o­my will expe­ri­ence a “Dou­ble Dip”, have now been post­ed to YouTube; you can watch them below, or via sub­scrib­ing to the YouTube Chan­nel.

Will there be a US “Double Dip”? Part One

Keen & Joye on House Prices

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Whit­ney Fitzsim­mons’ inter­viewed Chris Joye and myself on house prices for the ABC’s Busi­ness Today last week, and the 11 minute seg­ment ran last Fri­day. The Busi­ness Today site does­n’t allow you to embed a giv­en inter­view, so I’ve saved it onto my blog for view­ing here.

I made one stuff-up, as can hap­pen in an interview—I said that house prices had risen 20 per­cent “last year” when I meant “under the influ­ence of the First Home Ven­dors Boost”. The actu­al peri­od of the rise was from March 2009 till March 2010 (and it was an 18.8% rise in nom­i­nal terms and a 15.5% rise in real terms).

Steve Keen Talk in New York

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A blog mem­ber has arranged for me to give a talk dur­ing my trip to NY.  I will cov­er the caus­es of the glob­al finan­cial cri­sis, the pol­i­cy response thus far, and the out­look for the world econ­o­my, with a focus on the US and Aus­tralia.

LOCATION: ‘In Good Com­pa­ny’ work­places, 4th floor of 16 West 23rd Street in Man­hat­tan.  Google Maps link.

DATE & TIME: Wednes­day 7th July, from 6–9pm

AVAILABILITY: the space has capac­i­ty for 20 peo­ple, so please con­firm your atten­dance ASAP so spaces can be offered to oth­ers who may be inter­est­ed in attend­ing.

Stanford and Keen double bill

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Jim Stan­ford, the author of the pop­u­lar  Eco­nom­ics for Every­one (from which the car­toon to the left is tak­en), and I spoke at a dou­ble bill on the glob­al debt cri­sis for the ven­er­a­ble Syd­ney insti­tu­tion “Pol­i­tics in the Pub” last night.

We had a full house for an provoca­tive evening on why the Dis­mal Sci­ence is nei­ther nec­es­sar­i­ly Dis­mal, nor any­thing close to a Sci­ence, and why the debt cri­sis is still with us.

Jim, as well as being an out­stand­ing non-ortho­dox econ­o­mist, is also a very engag­ing speaker–as I whis­pered to the Chair (Pro­fes­sor Frank Stil­well, from Syd­ney Uni­ver­si­ty’s Depart­ment of Polit­i­cal Econ­o­my) while Jim spoke, he was a very hard act to fol­low!

KeenWalk T‑shirts Available

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The T‑shirts have been print­ed and they look fan­tas­tic (if I do say so myself). There are 3 designs:

One high­lights the core issue that con­ven­tion­al eco­nom­ics ignores, and Debt Defla­tion the­o­ries take seriously–the ratio of pri­vate debt to GDP:

Debt to GDP Ratio from 1860 till 2010

Anoth­er shows the rela­tion­ship between the ratio of house prices to dis­pos­able incomes and the First Home Own­ers Grant. The Grant has been intro­duced, relaunched, or dou­bled on five occa­sions, and each time it made hous­ing less afford­able:

The FHOG and housing unaffordability

KeenWalk: Getting to Canberra

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I’ll be post­ing a few links about the Walk to Kosciuszko here, main­ly for infor­ma­tion of those who will be tak­ing part. They will dupli­cate posts on the Keen­walk site itself, where the mem­bers are large­ly but not exclu­sive­ly those who will be join­ing me for the walk.

This post is large­ly about logis­tics: get­ting to Can­ber­ra, and pos­si­bly pool­ing resources to do so. Apolo­gies to those who are look­ing for ana­lyt­ic content–this post will have none what­so­ev­er. But if you are one of the walk­ers, please pop over to Keen­walk now and make your com­ments on this post there rather than here…

Launching www.keenwalk.com.au

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As most Aus­tralian read­ers would know, I recent­ly lost half of a bet over Aus­tralian house prices when the Gov­ern­men­t’s “First Home Own­ers Boost”–which I pre­fer to call the First Home Ven­dors Boost–reignited Aus­trali­a’s house price bub­ble.

As a result, I’m walk­ing from Aus­trali­a’s Par­lia­ment House to Aus­trali­a’s high­est moun­tain, Mt Kosciousko–a dis­tance of 224km (140 miles). The walk will start at 2pm on Thurs­day April 15 from the entrance to Par­lia­ment House and–my legs willing–finish 8 days lat­er on the sum­mit of Mt Kosciousko (which is 2228 metres–or about 7000 feet–above sea lev­el).

Steve Keen’s Debtwatch No. 33 April 2009: Lies, Damned Lies, and Housing Statistics

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Lies, damned lies, and sta­tis­tics” is part of a phrase attrib­uted to Ben­jamin Dis­raeli and pop­u­larised in the Unit­ed States by Mark Twain: “There are three kinds of lies: lies, damned lies, and sta­tis­tics.” The state­ment refers to the per­sua­sive pow­er of num­bers, the use of sta­tis­tics to bol­ster weak argu­ments, and the ten­den­cy of peo­ple to dis­par­age sta­tis­tics that do not sup­port their posi­tions. (Wikipedia)

Two recent speech­es by the RBA sup­port­ed the con­tention that Aus­tralian house prices are no longer over­val­ued, that mort­gage repay­ment costs have returned to his­toric aver­ages, that Aus­tralia is suf­fer­ing a hous­ing short­age, and there­fore that the Aus­tralian hous­ing mar­ket should not expe­ri­ence the cat­a­stroph­ic falls that are now com­mon­place across the OECD–and espe­cial­ly in the USA.