Steve Keen on bitcoin and alternative currencies.
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Peer2Politics
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on peer-to-peer dynamics in politics, the economy and organizations
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jean lievens
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There was a time when most educated people knew that the Earth was the center of the universe. There was a sophisticated “Geocentric” model, known as the “Ptolemaic system”, that predicted to very high accuracy the observed movement of all the objects in the Heavens, as they purportedly orbited the Earth on perfect crystalline spheres. 500 years ago, anyone who proposed an alternative model—in which the Sun was the center and the Earth was just another planet orbiting it—was derided as a heretic and a madman. 
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WATCH Steve Keen is a well-known economist who is considered one of the leading critics of mainstream economics' treatment of debt and money.
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WATCH Steve Keen, head of the School of Economics, History, and Politics at Kingston University, tells Erin the two most important lessons he hopes his stude...
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About the Speaker: Steve Keen is Associate Professor of Economics & Finance at the University of Western Sydney. His main academic research interest is in ...
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In an exclusive interview with Every Investor, Professor Steve Keen from Kingston University has warned that politicians who promote austerity economics are ...
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[Original video compilation] Insane. Stupid. 2 key words to describe Peter Schiff.
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I first met Yanis Varoufakis when he was a senior lecturer (the 3rd step in the 5-tiered Australian system, equivalent to a Professor in the USA) at Sydney University in the late 1980s, and I was a tutor (the 1st step) at the University of New South Wales. We’ve been friends ever since, and now he has become globally prominent as the Finance Minister of the most troubled and high profile economy on the planet, Greece.
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Steve Keen, head of the School of Economics, History, and Politics at Kingston University, tells Erin the two most important lessons he hopes his students learn in the economic courses he teaches.
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As Head of the School of Economics, History and Politics at Kingston University, I was delighted to be asked to launch Kingston's Rethinking Economics group. I am sure this is the first time that a Head of School has done this. A great crowd turned up--over 100 people including many first year students. I hope that they keep us on our toes as we deliver a pluralist education in economics at Kingston University. And if you're at a UK University that doesn't provide a pluralist education in economics, then consider coming to Kingston in your second year via Release during Clearance. Warning--contains scary photograph of me with long hair...
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What are your preconceptions about the author of a book with the title The Next Economic Disaster: Why It's Coming and How to Avoid It? Academic? Leftist? Anti-capitalist? Anti-banker certainly?
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Economics is broken. Conventional economics has missed badly in its forecasts, provided an incoherent explanation of economic events and failed to produce effective policy. There is another way. An economics that incorporates debt and money. An economics that is proven by history and practice, statistics and theoretical consistency.
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Solutions regarding our economic crisis with Professor Steve Keen Full Video interview is here https://www.youtube.com/watch?v=gyas_Pg0ckg
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Very interesting conversation with one of our favourite economists! Watch the video (a podcast in fact) here:
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Time for a Copernican revolution in economics By Steve Keen | August 27, 2014 | Debtwatch The global financial crisis took the vast majority of the economics...
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Professor Steve Keen talks about the Greek debt crisis, and defaulting on an IMF loan. Recorded from BBC News Channel HD, 30 June 2015.
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For more Great video like this please subscribe to Peter Schitt. For more Great video like this please subscribe to Peter Schitt. Steve Keen Educates Peter Schiff ...
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Australian Professor Steve Keen, one of the worlds leading economics experts, Revere Prize winning economist and author of seminal economic text Debunking Economics, said in an interview with www.everyinvestor.co.uk that the mainstream political parties...
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Steve Keen on The Debt Black Hole's Event Horizon - Steve Keen on the Minsky Singularity.
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Developing an economics for the post-crisis world Steve Keen Published 2 March 2015 by WEA Books – price: $10 The veracity of mainstream economics has been called into question in the years since the economic crisis began.
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This is a fairly short interview, and it has a relatively concise description how national economies actually operate minus the economic superstitions favored by neo-liberal politicians, neo-classical economism-ists, and the paleo(gold bug) economism-ists. When you have a grasp of what Steve is saying, then you will also be in reach of an understanding of how a sovereign, fiat currency can support a functional community (remembering that "oikos" the Greek root of the first part of the word "economics" means "community"). From that point it is also a fairly short reach to the details of how a cooperating community could operate a local currency system both to benefit the participating community, as well as the community in which that process is embedded. One more caveat, the system requires a certain level of expectation of the capacity to operate in a communal or even on a "cooperative" basis. Think of neo-classical economics like a pair shoes that are too tight and that make your feet and the rest of your body feel serious pain. The source of that pain is the belief system that subscribes to the notion that sovereign communities should operate in a manner comparable to separate households. The primary solution is at least to go shopping for another pair of shoes, hopefully without reproducing the pain caused by the much cherished economic superstitions. BTW the bitcoins episode is NOT such a model.
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Keen argues that the Internet's hidden costs outweigh its benefits. He doesn't provide a ledger sheet, but some of the downsides he outlines will be familiar to citizens of Silicon Valley.
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SK: I’m a critic of neoclassical economics, which I would say is a failed research programme. I’m equally a critic of conventional Marxian analysis – the labour theory of value. So I’m not just a left-wing critic of sound right-wing neoclassical economics. I am trying to be an analytical and logical critic of bad economics wherever it turns up. So I think the neoclassical school should be consigned to the history of economic thought but at the same time there is nothing completely available to replace it. One of my favourite parables is the ‘Blind Men of Hindustan’. It’s a parable about six blind men who try to work out what an elephant is. So one grabs the trunk, another grabs the body, another grabs the tusk and they all have totally different ideas what an elephant is. In some way that’s the state of different theories of economics. The basic ones are: Austrian, Post-Keynesian, Marxian, evolutionary, ecological and complex systems. They’re all different perspectives on capitalism as a social system. None of them has got a complete answer. The reason for pluralism is that we have no cohesive alternative. It is up to us to provide as much exposure to students as they can get from a range of views and say to them: It’s your task to build the alternative.
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The financial crisis that ran from 2007 to 2009 has been called a "Minsky Moment," meaning it offered a much-needed reminder to all economists of Hyman Minsk...
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