Rebooting Economics: The Need For A Strictly Monetary Theory Of Capitalism

28th November 2012: Prof. Steve Keen & Dr. Rendahl

CSEP's climactic end-of-term event was with Post-Keynesian Professor of Economics and Finance, Steve Keen. Dr Rendahl, a member of the Cambridge economics faculty specialising in macroeconomic theory provided an independent and contrasting perspective on the paper. Keen is an arch critic of neoclassical economics and was among the three economists awarded the Revere prize for those who first and most clearly anticipated and gave public warning of the global financial collapse and whose work is most likely to prevent another global financial collapse in the future. He is also the author of the best-selling book 'Debunking Economics' and blogs at Steve Keen's Debtwatch.

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We can now announce details of CSEP's climactic end-of-term event with Post-Keynesian Professor of Economics and Finance, Steve Keen.Keen is an arch critic of neoclassical economics and was among the three economists awarded the Revere prize for those who first and most clearly anticipated and gave public warning of the global financial collapse and whose work is most likely to prevent another global financial collapse in the future. He is also the author of the best-selling book 'Debunking Economics' and blogs at Steve Keen's Debtwatch.

The talk is entitled Rebooting Economics: The need for a strictly monetary theory of capitalism and will take place from 5:15pm on Wednesday 28th Nov in Little Hall lecture theatre on the Sidgwick Site [The building labeled 'LH' in this map]. He will be presenting his revolutionary new theory of macroeconomics which puts the hitherto neglected role of money, banks and private debt at centre-stage (see blurb below).

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Steve Keen has mentioned this debate on his blog and posted a link to both his and Pontus' presentation. You can access it here:http://www.debtdeflation.com/blogs/2012/11/29/a-macroeconomics-debate-at-cambridge/