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Steve Keen

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Steve Keen


Born
in Australia
March 28, 1953

Website

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Steve Keen is a professor in economics and finance at the University of Western Sydney. He classes himself as a post-Keynesian, criticizing both modern neoclassical economics and Marxian economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Hyman Minsky, Piero Sraffa, Joseph Alois Schumpeter, and François Quesnay. His recent work mostly concentrates on mathematical modeling and simulation of financial instability. ...more

Steve Keen isn't a Goodreads Author (yet), but they do have a blog, so here are some recent posts imported from their feed.

A Simple Solution to the Banking Crisis That No Country Will Implement

Though Silicon Valley Bank contributed to its own demise, the root cause of this crisis is the fact that private banks own government bonds. If they didn’t, then SVB would still be solvent.

Its bankruptcy was the result of the price of Treasury bonds falling, because The Federal Reserve increased interest rates. As interest rates rise, the value of Treasury Bonds falls. With the resale value of its

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Published on March 21, 2023 01:39
Average rating: 4.11 · 1,087 ratings · 109 reviews · 18 distinct worksSimilar authors
Debunking Economics: The Na...

4.05 avg rating — 756 ratings — published 2001 — 21 editions
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Can We Avoid Another Financ...

4.27 avg rating — 258 ratings — published 2017 — 11 editions
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The New Economics: A Manifesto

really liked it 4.00 avg rating — 119 ratings — published 2022 — 5 editions
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eCONcomics: Taking the CON ...

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3.47 avg rating — 19 ratings
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Debunking Economics: Supple...

4.27 avg rating — 11 ratings — published 2011 — 2 editions
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La Economia Desenmascarada

4.57 avg rating — 7 ratings
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IMPOSTURE ECONOMIQUE (L') E...

really liked it 4.00 avg rating — 2 ratings2 editions
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Developing an economics for...

0.00 avg rating — 0 ratings — published 2015 — 2 editions
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DESENMASCARANDO A LA ECONOM...

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Debunking Economics - Revis...

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Quotes by Steve Keen  (?)
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“...If you look at mainstream economics there are three things you will not find in a mainstream economic model - Banks, Debt, and Money.

How anybody can think they can analyze capital while leaving out Banks, Debt, and Money is a bit to me like an ornithologist trying to work out how a bird flies whilst ignoring that the bird has wings...”
Steve Keen

“Engineers do engineering, i.e. they build bridges. So engineering needs engineers. The economy does NOT need economists. Economists do not make economy, but they try it and that is why we have so much problems with some financial models.”
Steve Keen

“I am often asked what I would keep of Neoclassical economics in a new paradigm. My answer is that I would keep as much of Neoclassical economics as modern astronomy kept of Ptolemaic astronomy – which is to say, nothing at all.”
Steve Keen, The New Economics: A Manifesto

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