Speaker: Steve Keen
6.15 pm, Wednesday 25th January 2017
Richard Hoggart Building room 137a, Goldsmiths
Steve Keen will be asking the question at the centre of his new book: Can we avoid another financial crisis? The financial crisis in 2008 was caused by factors that mainstream macroeconomics ignores: private debt and credit. Giving them their proper place in macroeconomics yields a set of indicators that show which countries are mired in the aftermath of a debt crisis and therefore likely to stagnate, and those that managed to avoid the 2008 crisis by continuing to borrow, and are therefore ripe for their own crises in the near future. This includes the usual suspects of China, Canada and Australia, but also some unexpected cases such as Belgium and South Korea.
Steve Keen is Professor of Economics at Kingston University London. He was one of the few economists to see the financial crisis of 2007-08 coming. His best-selling Debunking Economics has been translated into Chinese, French and Spanish. It explains the logical and empirical flaws in mainstream economics without using mathematics. His new book is out with Polity in April 2017.
All are welcome and no registration is required. For details on how to find Goldsmiths, click here.