A Lawyer’s Mindset Where An Economist’s Is Needed?

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A Twit­ter cor­re­spon­dent point­ed out a sim­ple fact that makes Schäuble’s inflex­i­bil­i­ty in nego­ti­a­tions with Varo­ufakis explic­a­ble: though he is a Min­is­ter of Finance, his PhD is in law.

So is he implic­it­ly approach­ing these nego­ti­a­tions as a lawyer would? Because from that point of view, what the Greeks are try­ing to do is to renege on a con­tract.

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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.