Steve Keen is an Australian economist and author.
In Episode 112 of Hidden Forces, Demetri Kofinas speaks with Steve Keen one of the few economists to correctly anticipate the Global Financial Crisis of 2008, as well as the subsequent deflationary forces that would frustrate and confound policymakers in the years afterward. The two discuss Keen’s latest work modeling the impact of climate on economic output, as well as debunking some of the most common misperceptions about money and credit held by Keynesian and Austrian theorists alike. Demetri and Steve have known each other going back almost ten years. Dr. Keen was a frequent guest on Demetri’s old television program Capital Account, where he would come on to share his views on markets and the economy. For years, Steve had been warning policymakers and the media about the dangers of a build-up in private sector debt through mortgage refinancing and consumer credit. In the years after the Great Financial Crisis of 2008, Steve Keen was one of the prominent voices alongside folks like Richard Koo, Mark Zandi, and others, who were ringing the alarm bell, warning about the risk of a deflationary spiral. Many of the more prominent, Austrian-trained economists like Thomas Woods, Peter Schiff, and others, were pounding the table about the risk of hyperinflation. In retrospect, it was those economists warning about deflation like Steve Keen, who had it right. In today’s conversation, we explore the reasons why and examine if those conditions still hold to this present day. You can gain access to this week’s overtime segment, as well as to the transcript of Demetri’s conversation with Steve Keen through the Hidden Forces Patreon Page. All subscribers also gain access to our overtime feed, which can be easily be added to your favorite podcast application. Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
Stephen Sackur talks to the influential contrarian economist, Steve Keen. It's a good time to be an economist who swims against the tide of conventional wisdom. After all the last decade has seen classical economics take a beating: the great financial crash wasn't supposed to happen, nor was the prolonged eurozone stagnation. Now the liberal economic consensus tells us that Brexit will be a disaster, but should we believe it? Amid all the argument do any economists deserve our trust? Picture: a pile of coins, Credit: Thinkstock
Australian economist and author Steve Keen considers himself a post-Keynesian, criticizing neoclassical economics as inconsistent, unscientific and empirically unsupported. He and Jay will talk about Keen's book Debunking Economics. Follow @ProfSteveKeen - Head Economics History & Politics at @KingstonUni, Neoclassical Econ critic, Debunking Economics author, Debtwatch blogger, Developer Minsky modeling program.
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Creator Details

Mar 28th, 1953
Sutton, England, United Kingdom
Episode Count
Podcast Count
Total Airtime
1 hour, 55 minutes
Podchaser Creator ID logo 195647