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Amsterdam lecture: private debt, the crisis, economics & the future

Summary:
My lecture at the Duisenberg School of Finance focused on the peculiar failure of economic theory to appreciate the role of private debt in causing the economic crisis, and the possible future we face now that private debt is rising once more after only a minor level of deleveraging from the highest level of aggregate ...

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My lecture at the Duisenberg School of Finance focused on the peculiar failure of economic theory to appreciate the role of private debt in causing the economic crisis, and the possible future we face now that private debt is rising once more after only a minor level of deleveraging from the highest level of aggregate private debt in human history.


Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

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