Few people saw the Global Financial Crisis coming. Steve Keen was one of them. He is a ferocious critic of the neoclassical school of economics, which continues to dictate thinking within governments, universities and the financial sector. Steve is a maverick and a contrarian, with an anti-authoritarian streak – labels you rarely hear applied to economics professors. In 2001, he published his central critique in a book, Debunking Economics. He now teaches at Kingston University in London.
In this episode, Steve offers the Swagmen an insight into his unique worldview. We discuss why economics is flawed, whether he actually ever lost the notorious housing market bet he made in 2010, and why the world, including Australia, is headed for another economic crash – within the next two years.