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Lecture 07: Why the Euro is destroying Europe

Summary:
The Euro was intended to unite Europe, and it has abjectly failed to do so. However ironically it has helped unite the economics profession, since one thing that economists from most walks of life can agree on is that the Euro was and is a bad idea. This lecture explains the critiques of the Euro ...

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The Euro was intended to unite Europe, and it has abjectly failed to do so. However ironically it has helped unite the economics profession, since one thing that economists from most walks of life can agree on is that the Euro was and is a bad idea. This lecture explains the critiques of the Euro and why the Euro has turned the economic crisis of 2008 into a localized Great Depression.


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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