Debunking Economics II Launch Video

Flattr this!

I’ve final­ly had a fast enough inter­net link to upload the video to Youtube. I’ll add more detail lat­er when I get back to Syd­ney, but for now this will do.

There’s one tech­ni­cal glitch: the Gus­tav Tuck The­atre had a plas­ma screen rather than a data pro­jec­tor, and the refresh rate of the screen result­ed in a very bad flick­er on the video record­ing. How­ev­er the talks–by myself and Ann Pettifor–are easy enough to fol­low.

My speech and Ann Pet­ti­for’s speech at the launch of the 2nd edi­tion of Debunk­ing Eco­nom­ics, at the Uni­ver­si­ty Col­lege Lon­don on Octo­ber 4 2011. I give an overview of the new edi­tion, which focus­es on the absurd state of neo­clas­si­cal macro­eco­nom­ic the­o­ry and the rea­sons that con­ven­tion­al econ­o­mists were the last peo­ple on the plan­et to real­ize that a seri­ous eco­nom­ic cri­sis was about to occur. I also out­line my “Mon­e­tary Cir­cuit The­o­ry” approach that let me antic­i­pate the cri­sis. Ann Pet­ti­for gives an excel­lent out­line of the endoge­nous nature of mon­ey cre­ation, and the case for both large scale gov­ern­ment spend­ing and a mod­ern debt jubilee to get out of this cri­sis.

Bookmark the permalink.

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.