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.

Talking about Yanis on the BBC

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I was inter­viewed twice on the BBC yes­ter­day about Yanis Varo­ufakis and Syriza­’s attempts to resolve its debt cri­sis with the EU–once on the BBC News Chan­nel and once on BBC World News. The video clips are below. Click here to see Yanis’s “mod­est pro­pos­al” for resolv­ing the cri­sis.

BBC News Channel

BBC World News

 

Considering an Economics Masters? Consider Kingston

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As you may know, I am now Head of the School of Eco­nom­ics, His­to­ry and Pol­i­tics at Kingston Uni­ver­si­ty Lon­don. I took on the posi­tion for two rea­sons: because Kingston was already a cen­tre for plu­ral­ist eco­nom­ics; and because as Head of School I could main­tain and strength­en its plu­ral­ist approach. I’d like you to con­sid­er join­ing me here, and if you plan on doing a Mas­ters in Eco­nom­ics in the 2015–16 aca­d­e­m­ic year, then now is the time to apply.

Kingston offers a range of Eco­nom­ics MA degrees from het­ero­dox, plu­ral­is­tic and applied per­spec­tives, full time and part time. Our degree units are:

Share Radio interview on what’s really going on in Greece

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The lat­est in my reg­u­lar con­ver­sa­tions with Simon Rose of Share Radio. This time, to quote their blurb:

Steve keen on why the Greek finance min­is­ter is fan­tas­tic, QE will not work, con­ven­tion­al econ­o­mists have no idea how the real world works.

My Friend Yanis, The Greek Minister Of Finance

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I first met Yanis Varo­ufakis when he was a senior lec­tur­er (the 3rdstep in the 5‑tiered Aus­tralian sys­tem, equiv­a­lent to a Pro­fes­sor in the USA) at Syd­ney Uni­ver­si­ty in the late 1980s, and I was a tutor (the 1st step) at the Uni­ver­si­ty of New South Wales. We’ve been friends ever since, and now he has become glob­al­ly promi­nent as the Finance Min­is­ter of the most trou­bled and high pro­file econ­o­my on the plan­et, Greece.

Click here to read the rest of this post.

Dawn Of A New Politics In Europe?

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About 40 years ago, one of Mag­gie Thatcher’s chief advi­sors remarked that he wouldn’t be sat­is­fied when the Con­ser­v­a­tive Par­ty was in gov­ern­ment: he would only be hap­py when there were two con­ser­v­a­tive par­ties vying for office.

He got his wish of course.

Click here to read the rest of this post.

It’s All The Greeks’ Fault

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The polls were right: Greece did elect Syriza, the left-wing coali­tion par­ty (its name is actu­al­ly a Greek acronym for “Coali­tion of the Rad­i­cal Left”), bring­ing to pow­er the first staunch­ly anti-aus­ter­i­ty par­ty in the EU, and the first ele­ment in their pol­i­cy doc­u­ment is to “Write-off the greater part of pub­lic debt”.

That is like­ly to lead to some frac­tious nego­ti­a­tions with the EU, and pos­si­bly even a messy exit from the Euro. Before that hap­pens, there will be some messy com­men­tary in the media as well, and I ful­ly expect most com­men­ta­tors to take a line like that in my title.

Interview with Gordon Long on Financial Repression

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I was inter­viewed by Gor­don Long for the Finan­cial Repres­sion web­site last week. The video is below; a brief sum­ma­ry of our dis­cus­sion is post­ed on the Finan­cial Repres­sion web­site and repro­duced below.

PROF. STEVE KEEN TALKS

FINANCIAL REPRESSION

Interview with Lelde Smits on Finance News Network

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LeldeSmits
I was inter­viewed by Lelde Smits for the Finance News Net­work on my recent trip back to Syd­ney. Below is the begin­ning of the tran­script; you can read the rest by click­ing on this link. Or click below to watch the inter­view with Lelde.

Tran­script of Finance News Net­work inter­view with Kingston Uni­ver­si­ty Head of Eco­nom­ics, Pol­i­tics and His­to­ry, Dr Steve Keen

Lelde Smits: Hel­lo, I’m Lelde Smits for the Finance News Net­work and join­ing me from London’s Kingston Uni­ver­si­ty is Head of Eco­nom­ics, Pol­i­tics and His­to­ry, Dr Steve Keen. Steve, wel­come back to Syd­ney and to FNN.

PhD lecture series in advanced macroeconomics in Post-Keynesian, institutionalist, and Marxian political economy

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Uni­ver­si­ty of Green­wich and Kingston Uni­ver­si­ty are joint­ly orga­niz­ing a series of lec­tures in advanced macro­eco­nom­ics based on a polit­i­cal econ­o­my approach com­bin­ing insti­tu­tion­al­ist, Key­ne­sian and Marx­ist tra­di­tions. The lec­ture series builds on the research exper­tise of staff in polit­i­cal econ­o­my at both uni­ver­si­ties, and is designed orig­i­nal­ly for our PhD stu­dents; how­ev­er we wel­come PhD stu­dents from oth­er uni­ver­si­ties or Mas­ters stu­dents, who wish to explore more advanced top­ics. The lec­tures assume knowl­edge of core con­cepts in macro­eco­nom­ics at the Mas­ters lev­el. Each day has two lec­tures. A brief descrip­tion of each lec­ture and an indica­tive read­ing list can be found in the link to each lec­ture below. The loca­tion of the lec­tures alter­nate between the two uni­ver­si­ties. Atten­dance is free and there is no reg­is­tra­tion require­ment.