My Kingston Inaugural Lecture with slides and data
Iâve been Head of School at Kingston University London for over 18 months now, but these things do take time: last Wednesday I gave my inaugural Professorial lecture to an audience of about 200...
View ArticleFor Kingston âBecoming An Economistâ students
Iâm posting videos of lectures given by my Kingston colleagues to the introductory âBecoming an Economistâ course, since the StudySpace software Kingston uses doesnât support MP4 files. The...
View ArticleOur Dysfunctional Monetary System
The great tragedy of the global economic malaise is that it is caused by a shortage of something that is essentially costless to produce: money.read more...
View ArticleHey Joe, Banks Canât Lend Out Reserves
I began another post critical of Joe Stiglitzâs analysis with the caveat that I like Joe. Iâll add to that that I respect his intellect too, both because heâs very brightâyou donât win a...
View ArticleTilting At Windmills: The Faustian Folly Of Quantitative Easing
As I explained in my last post, banks canât âlend out reservesâ under any circumstances, which undermines a major rationale that Central Bank economists gave for undertaking Quantitative Easing...
View ArticleKingston Uni releases monetarily sound forecast model of US Economy
PERG economists are developing a macroeconometric model to track the evolution of the US economy over the medium term, which is 3-5 years:read more...
View ArticleLaughterâthe Worst Medicine
Like many commentators, I regard August 9 2007 as the start of the âGlobal Financial Crisisâ. On that day, BNP Paribas declared that several of its funds were being closed because liquidity in...
View ArticleMacroeconomics of Loanable Funds & Endogenous Money compared using Minsky
The mainstream economic idea that banks are just intermediaries between savers and investors is a fantasy, but given that fantasy, their argument that the level and rate of change of private debt are...
View ArticleSpanish translation of Debunking Economics
I was recently informed that a Spanish translation of Debunking Economics is now available via Amazon Spain, under the title âLa EconomÃa Desenmascaradaâread more...
View ArticleGet ready for an Australian recession by 2017
For the last 25 years, Australian politicians of both Liberal and Labor hue have been able to brag that, under their stewardship, Australia has avoided a recession. Those bragging rights are about to...
View ArticleCentral Banking, Climate Change and Environmental Sustainability
The Council on Economic Policies and the Bank of England are organising a workshop on this topic to be held at the Bank on November 14-15 2016. A call for papers has just been put out, with a deadline...
View ArticleThe Seven Countries Most Vulnerable To A Debt Crisis
For decades, some of the most important data about market economies was simply unavailable: the level of private debt. You could get government debt data easily, but (with the outstanding exception of...
View ArticleAre we facing a global âLost Decadeâ?
This is an invited paper by the Private Debt Project, an initiative of the philanthropic organization the Governorâs Woods Foundation to raise awareness about the economic importance and dangers of...
View ArticleTranscending the Lucas Critique & simple dynamic modelling with Minsky
The Lucas Critique has ruled economics for the last 40 years, and led it into a dead-end as well. In this talk to the Economics for Everyone conference run by the Post Crash Economics Society in...
View ArticleZombies-To-Be and the Walking Dead of Debt
Using the dynamics of creditâwhich most other economists ignoreâI explain why Japan, the USA and UK are among the âWalking Dead of Debtâ and why China, Canada, Australia and South Korea are on...
View ArticleCERN Discovers New Particle Called The FERIR
CERN has just announced the discovery of a new particle, called the âFERIRâ.read more...
View ArticleThere has to be a better way
Note: This was published as my last column on Business Spectator on April 6th, but itâs now gone missing after News Ltd merged BS with its own in-house stable and changed all the URLs. Given the...
View ArticleThe Divisive Vote Over Brexit
Andrew Watt has written a passionate critique of my support for Brexit (âProgressive economists should support Remain not Brexit â a response to Steve Keenâ), and it highlights a key feature of...
View ArticleWhat next after Brexit?
A clichéââExpect the Unexpectedââhas happened. As I noted in âThe Divisive Brexit Voteâ, though I favoured Brexit, I took the opinion polls at face value, and expected that Britain as a...
View ArticleInequality, Debt and Credit Stagnation
This was my keynote speech at the French Association for Political Economy (AFEP) annual conference in Mulhouse, France (the other keynote was givenâin Frenchâby my good friend Marc Lavoie, who is...
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