If you’re looking for my latest work, please click here to go to my Patreon site. This site is maintained for historical reasons only.
Read More »Redirection
I maintain this site for historical reasons only. If you’re looking for my latest work, please go to https://www.patreon.com/profstevekeen.
Read More »Discussing a Modern Debt Jubilee on Macro’n’Cheese
I discuss a Modern Debt Jubilee On Macro’n’Cheese today, and this is a quick explanation of how it could be done. Jubilees were common in antiquity. The Lord’s Prayer did not originally say “And forgive us our sins, as we have forgiven those who sin against us”, but “And forgive us our debts, as we also have forgiven our debtors”. But an old-fashioned Jubilee would reward those who gambled with borrowed money, and thus effectively penalise those who did not. It...
Read More »Gisellian demurrage currency
Dr. Keen, I am wondering if you have ever seriously considered issuance of Gisellian currency for countries facing unplayable debt (all of them, as far as I know). The scheme I am imagining would have these govts paying off bonds due with G-currency. Bondholders would then, ASAP, spend it on real items in the economy, where it would eventually end up as wages, where workers would spend it, ASAP, on taxes and consumer goods. The demurrage, say 12%/year (= 12 x...
Read More »Shutting down membership
I have recently established a Patreon site https://www.patreon.com/ProfSteveKeen, where people can support my research and advocacy work with donations starting at $1/month. That is now where I will engage in conversation in response to posts. So if anyone here wants to continue a dialogue with me and others, please sign up there. This site was flooded by a large number of spam users at the same time as I became unable to maintain my own role in discussions here,...
Read More »Brexit debate in London May 31st
I’m taking part in a debate on one of the major topics in this year’s election, Brexit, on May 31st at 7.30pm at Canham, 40 Sheen Lane, London SW14 8LW. The other speakers are Frances Coppola, and Angus Armstrong. Frances Coppola is an economic commentator in print and frequently on the BBC. Angus Armstrong is director of macro-economics at one of the top research institutions, the National Institute of Economic and Social Research founded in 1938. Click...
Read More »Freezing site/Moving to Patreon & Profstevekeen
I’m freezing this site and moving to both Patreon (https://www.patreon.com/ProfSteveKeen) and a new website http://www.profstevekeen.com/. There are several reasons: This site’s signup security failed, and something like 50,000 bot-users have signed up. It’s just too cumbersome in WordPress to delete them selectively from here, so it’s easier to move to a new, clean site; I used to be very active in discussions here, but the demands on my time became so excessive...
Read More »What if my analysis is used for evil purposes?
One of my Patrons posed a very good question to me: in a nutshell, how would I respond to a politician who took my ideas and perverted them for political gain? Here’s Andre’s full query: Hi Steve, thank you, you’ve given me the gift of some of the most important ideas and explanations I’ve come across in my lifetime. I was wondering how you might respond to a politician who misreads your latest book, and then declares: 1. People will love me, because Steve Keen says I can become...
Read More »Can we avoid another financial crisis?
Help me rebuild economics at https://www.patreon.com/ProfSteveKeen Can we avoid another financial crisis? In 2008, conventional economics led us blindfolded into the greatest economic crisis since the Great Depression. Almost a decade later, with the global economy wallowing in low growth that they can’t explain, mainstream economists are reluctantly coming to realise that their models are useless for understanding the real world. How did mainstream economists not see the crisis...
Read More »Support me on Patreon
Click here to support me on Patreon As I explain in this video, government attempts to turn University entrance into a marketplace have had the unintended side-effect of undermining pluralist economics. The UK government has removed controls on the number of places that Universities can offer in first year courses, and as a result there has been an increase in humanities places offered by highly ranked Universities. Final year high school students have flocked to these...
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