Why I Support Corbyn For UK Labour Leader

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There was a time when most edu­cat­ed peo­ple knew that the Earth was the cen­ter of the uni­verse. There was a sophis­ti­cat­ed “Geo­cen­tric” mod­el, known as the “Ptole­ma­ic sys­tem”, that pre­dict­ed to very high accu­ra­cy the observed move­ment of all the objects in the Heav­ens, as they pur­port­ed­ly orbit­ed the Earth on per­fect crys­talline spheres. 500 years ago, any­one who pro­posed an alter­na­tive model—in which the Sun was the cen­ter and the Earth was just anoth­er plan­et orbit­ing it—was derid­ed as a heretic and a mad­man.

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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.