Steve Keen – Debunking Economics

 

 
Interview with Steve Keen author of “Debunking Economics: The Naked Emperor Dethroned?”
and the blog   http://www.debtdeflation.com/blogs/

 
Economist Steve Keen; bankrupt banks, nationalise financial system
 

 
BBC Radio 4 Analysis: Why Economics Is Bunk

Listen

Transcript

Steve Keen is professor of economics and finance at the University of Western Sydney in Australia.

He was one of a small number of economists who put their reputations on the line before the collapse of Lehman Brothers and predicted that there would be a major financial crisis. In his recently updated book Debunking Economics; The Naked Emperor Dethroned, he argues much of what is taught here at the London School of Economics (LSE) and other major intuitions is, to put it politely, flawed and not only flawed, but helped cause and accentuate the impact of the crash. Neo-classical economics, he says with its naïve moneyless equilibrium theory of capitalism provided the unwitting cover for the greatest Ponzi schemes in human history.

 
 
 
 
 
 
 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s