Professor Steve Keen on the Great Recession: Money, Banking and Diverse Reflections on the Future of Economics as part of Middlesex University Business School's Distinguished Lecture Series
Professor Steve Keen was appointed Head of School of Economics, Politics and History at Kingston University London in 2014.
Professor Keen accurately predicted the Great Recession, which applies to both the US recession –from December 2007 to June 2009 – and the global recession in 2009.
The Australian-born economist received the Revere Award for Economics from the Real-World Economics Review for predicting the financial crisis before it happened.
Different to the norm of critics of conventional economics, he is highly mathematical in his research and he believes modern neoclassical economics is inconsistent, unscientific and empirically unsupported.
Major influences on his thinking about economics include John Maynard Keynes, Hyman Minsky, Irving Fischer, Joseph A. Schumpeter, Piero Sraffa, and Francois Quesnay.
In 2001, his book ‘Debunking Economics: the naked emperor of the social sciences’ was published, and a revised version of ‘Debunking Economics’ was released in 2011.
Professor Keen’s views have been published in numerous publications, including ‘Hindsight on the origins of the global financial crisis’ in ‘The global financial crisis: what have we learnt?’ by Steven Kates (2011).
He was previously Associate Professor of Economics and Finance at the University of Western Sydney, Australia and a Fellow at the Centre for Policy Development, the Australian independent public interest think tank.
He writes the Steve Keen Debtwatch.