"Economics is too important to leave to the economists."
The Hedgeye Macro Team will host an Expert Call with Steve Keen entitled "A Contrarian View On Monetary Policy, Debt & Growth" on Thursday, February 21, 2013 at 2:00pm EST. Key topics will include:
- Fallacies of conventional (neoclassical) economics, including why banks and money are crucial to economic analysis
- The relationships between private sector debt, public sector debt and economic growth
- Credit bubbles, financial crises and debt-deflation
- Leverage and asset prices
- The current crisis, monetary policy actions and a solution that could save the U.S. from a Japanese-style "lost decade"
- Toll Free Number:
- Direct Dial Number:
- Conference Code: 419534#
ABOUT STEVE KEEN
Steve Keen is Professor of Economics & Finance at the University of Western Sydney, and author of the popular book Debunking Economics.
Steve predicted the financial crisis as long ago as December 2005, and warned that back in 1995 that a period of apparent stability could merely be "the calm before the storm." His leading role as one of the tiny minority of economists to both foresee the crisis and warn of it was recognized by his peers when he received the Revere Award from the Real World Economics Review for being the economist who most cogently warned of the crisis, and whose work is most likely to prevent future crises.
He has over 60 academic publications on topics as diverse as financial instability, the money creation process, mathematical flaws in the conventional model of supply and demand, flaws in Marxian economics, the application of physics to economics, Islamic finance, and the role of chaos and complexity theory in economics.
Since 1995, Steve's main research focus has been the development of an alternative, empirically grounded theory, known as the "Financial Instability Hypothesis," which argues that finance markets are inherently unstable. Steve has a forthcoming book on this topic, Finance and Economic Breakdown.
Learn More About Steve Keen (from his website www.debtdeflation.com).