Keen on Economics
If you’d like to read my commentary on current economic events after seeing my HARdtalk interview, please go to my blog Steve Keen’s Debtwatch.
The Naked Emperor Dethroned?
A new, expanded and extensively revised version of Debunking Economics is now available.
At 215,000 words, it is 95,000 words longer than the first edition. The bulk of the new text critiques modern neoclassical macroeconomics, and outlines my alternative monetary circuit approach. However many chapters from the original have been extensively revised as well.
Kindle Version
The Kindle version of the second edition of Debunking Economics has just been released. This version differs slightly from the print version, in that the graphics that are available in a separate booklet are integrated with the text for easier reference on an eBook device. To purchase it, click on one of the links below:
The Launch
The second edition of Debunking Economics was launched at the University College London on October 4th, from 6-8pm.
An audience of about 100 heard me give an overview of the book, and Ann Pettifor make the case that neoclassical economists didn’t see this crisis coming because they don’t understand the process by which money and debt are created in our economy. I’ve uploaded a video of the launch to YouTube (linked below) and once I get over jetlag from my trip back to Sydney, I’ll add audio and photos as well (and hopefully a higher resolution video as well).
Click here to watch the launch.
(Briefly!) No. 1 in the UK
Thanks to George Monbiot’s excellent feature in the Guardian, DE II hit Amazon UK’s top 100 list, and it’s been number 1 or 2 in Economics (two of the other books at the top of that list aren’t economics at all, but a statistics manual and a health and safety exam guide. It’s since fallen back to the top 20-40 in the UK, and the top 100 in the USA.
Where to buy
To purchase online, click on one of the links below:
Abbey’s (Australia)
Melbourne University Bookshop (Australia)
Sample Chapters
Predicting the “Unpredictable”
I won the Revere Award for being the economist who most cogently warned of the crisis, and whose work is most likely to prevent a future one. Predicting the “unpredictable”, the first chapter of the second edition, collates my warnings of an approaching crisis in the first edition, which was written in 1999 and 2000.
Misunderstanding the Crisis
A major reason why Bernanke was appointed Chairman of the Federal Reserve was that he was alledegly an expert on the Great Depression. In “Misunderstanding the Great Depression and the Great Recession“, I explain why he and almost all neoclassical economists–including Paul Krugman–don’t understand why the Great Depression occurred, and have barely a clue as to why we are now, once again, trapped in a debt-deflation.
Where’s the old site?
I have replaced the website that supported the first edition with this new WordPress-driven format. If you are looking for anything from the old website, please click here.
If you are looking for my most recent work, please visit my blog Steve Keen’s Debtwatch. If you would like to support the work that I and others are doing to try to develop a realistic alternative to neoclassical economics, please join the Center for Economic Stability.
December 22, 2011 at 8:02 am
well done Steve!! I just wonder when will the UK wake up and elect leaders not tapeworms lol !! what would you advise the middle class do to protect themselves from the economic Tsunami – possibly migrate !! hows about Australia
December 25, 2011 at 6:32 pm
The self-declared leaders of the West are incapable of thinking anything else other than getting re-elected.
Of all the addictions known to mankind, nothing comes close to being addicted to money and power.
In all likelihodd, Mayan phophecy will materialise and the herd has only itself to blame for electing these
people who keep selling the very same stuff under different labels whether it be New Labour or whatever.
January 10, 2012 at 7:44 am
Congratulations on this page and these books.
Perhaps another line of research, another line to propose hypotheses or solutions is the use of complementary currencies.
http://www.kapitalverdad.org
http://personales.ya.com/kapitalverdad
Thanks.