Seminars: Debunking Economics author Steve Keen
FOR IMMEDIATE RELEASE
What? Economists Don’t Include Money, Banks And Debt in Their Economic Modelling? Yeah Right.
Surprisingly, Yeah right is... well, in this case... exactly right.
And economist Steve Keen thinks it’s time that changed. In fact, he says economists must start including money, banks and debt into their modelling if we are to solve the Global Financial Crisis. And he’s crossing the ditch at the invitation of talksNZ to tell us why.
Steve Keen is the author of Debunking Economics, and Professor of Economics and Finance at the University of Western Sydney. He is a long-time critic of neoclassical economics, and in recent years his criticism has proved valid.
In 2005 he was one of very few economists who gave forewarning of the impending financial crisis. As the Global Financial Crisis unfolded in 2007-08 conventional economists and the financial and political world leaders whom they advised said “We just didn’t see it coming.”
Steve Keen saw it coming because he includes real world data in his economic modelling, and so provides a more accurate analysis of economic trends. Five years on, he is increasingly in demand world-wide to speak and give advice because his approach is ever more relevant.
Steve is visiting New Zealand 6th-10th September to present three seminars about his work as it applies to both the global situation and to the New Zealand economy, including our housing market, high private debt levels, and foreign ownership of assets.
The seminars will include valuable information for everyone whose livelihood, financial decisions, and concern for the well-being of New Zealand, depends upon understanding how the economy really works.