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Keen Faces of Liberal Capitalism Conference

Summary:
The fact that Australia didn’t experience a bad recession during the GFC is sometimes attributed to its better regulatory system. It would be a miracle were that true, since the Wallis Committee and all government interventions up until 2008 were done to reduce regulation, not strengthen it.

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The fact that Australia didn’t experience a bad recession during the GFC is sometimes attributed to its better regulatory system. It would be a miracle were that true, since the Wallis Committee and all government interventions up until 2008 were done to reduce regulation, not strengthen it.


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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