FORBES: The winner was, by a wide margin, Professor Steve Keen of the University of Western Sydney.

9 Responses to FORBES: The winner was, by a wide margin, Professor Steve Keen of the University of Western Sydney.

1. Hegelian Dialectic | February 6, 2012 at 6:37 pm |

   Keen is just Peachy!

2. JonnyJames | February 6, 2012 at 6:40 pm |

   Good to see this write-up. Anyone with even the remotest interest in economics ought to read Keen’s new edition of Debunking Economics.
   He sets a lot of the record straight:
   Neoclassical economic theory is not science it is hack ideology and groupthink.
   Economists like Krugman who call themselves “Keynesian” have little to do with the work of John Maynard Keynes. Keynes gets a bad rap.
   He also criticizes “Austrian” economics, which relies almost exclusively on neoclassical theory and assumptions.

3. What-me-worry? | February 6, 2012 at 6:57 pm |

   Kaching!

4. JonnyJames | February 6, 2012 at 7:07 pm |

   Also: Dr. Michael Hudson was another, of a single handful, academic economists who predicted the crisis. Hudson is credited with this in Keen’s book and website. Keen likes to quote his colleague Hudson “debts that cannot be repaid, will not be repaid”.

   Keen deserves most praise here as he has turned neoclassical economics on its head in the most comprehensive, rigorous and thorough manner.

5. Andy B | February 6, 2012 at 8:07 pm |

   Go Mr. Keen!

   The article implies that the mainstream economists were completely ignorant of the impeding doom. I thought maybe they were diabolically conspiring and hiding their knowledge. Their rank ignorance is even scarier!

6. Barry Soetero | February 6, 2012 at 8:48 pm |

   Bravo Steven Keen. You stand on the shoulders of giants! The combination of insight and intuition, mixed in with critical thinking, can transcend mainstream willful ignorance prevalent in the field of Academic Economics. Fortunately the few that are capable of creative independent thinking often get side-lined because they don’t parrot the platitudes of generally accepted notions of what constitutes modern economic concepts beyond “guns and butter”.
   At some point one just simply needs to punch the reset button, easier said than done.
   Also check out the late Chalmers Johnson, another insightful person.

7. donnydave | February 6, 2012 at 9:12 pm |

   Nice one,I WILL get around to reading his book one day…. Promise!

8. alan | February 6, 2012 at 9:12 pm |

   Steve Keen deserves all the credit he gets. It is not easy to go against the flow of the modern world, where the ability to play politics and say what people want to hear is more highly valued than substance. Particuarly in Australia!

9. tsuki | February 7, 2012 at 12:24 am |

   He is so brilliant, and never fails to give credit to others, like Michael Hudson. I am so glad that Keen was the one that vindicated Minsky’s work.