Steve Keen

“We should look closely on what is happening at the moment, guys with little moustaches can pop up everywhere now given this…

— Steve Keen

“A period of tranquil growth thus leads to rising expectations, and a tendency to increase leverage: as Minsky put it in his…

— Steve Keen

“Neoclassical economics has effectively insulated itself from the great advances made in science and engineering over the last 40 years. This self-imposed…

— Steve Keen

“The fallacy that dynamic processes must be modeled as if the system is in continuous equilibrium is probably the most important reason…

— Steve Keen

“An essential pedagogic step here is to relegate the teaching of mathematical methods in economics to mathematics departments. Any mathematical training in…

— Steve Keen

Economics is too important to leave to the economists.

— Steve Keen

“As Thorstein Veblen correctly surmised over a century ago, the failure of economics to become an evolutionary science is the product of…

— Steve Keen

“From this failure to expunge the microeconomic foundations of neoclassical economics from post-Great Depression theory arose the "microfoundations of macroeconomics" debate, which…

— Steve Keen

If you have a sane economy, and by sane economy I mean one which is not addicted to debt, not a Ponzi…

— Steve Keen

“Economics also has to become a fundamentally monetary discipline—from the consideration of how individuals make market decisions through to our understanding of…

— Steve Keen

“...If you look at mainstream economics there are three things you will not find in a mainstream economic model - Banks, Debt,…

— Steve Keen

Engineers do engineering, i.e. they build bridges. So engineering needs engineers. The economy does NOT need economists. Economists do not make economy,…

— Steve Keen