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.
I was interviewed last night on the BBC News Channel about the Greek crisis. Negotiations today seem to have bought some breathing space, but the issues raised here will now become dominant. Having garnered a 4 month extension and time to redefine the macroeconomic aspects of the EU package, Syriza will now have to carry the day with its constituency and political rivals back in Greece.
There is one truly remarkable thing about all three articles: not one of them contains the word “Bank”.
Now you may think it’s ridiculous that an economist could discuss the macroeconomics of debt, not once but three times, and never even consider the role of banks. But Krugman would tell you whyyou don’t need to consider banks when talking about debt, and call you a “Banking Mystic” if you persisted.
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