Steve Keen

Steve Keen is a leading Australian post-Keynesian political economist who has gained a worldwide following as a critic of orthodox neoclassical economics. He is currently Head of the School of Economics, History and Politics at Kingston University in London. Influenced by Herman Minsky’s ideas about the instability of capitalism and Irving Fisher’s theory of debt deflation, he has developed a model of national economies which seeks to put private debt and banking back into the picture in reaction to the tendency of mainstream economists to ignore them in favour of unrealistic and ideologically motivated abstractions. His approach gained much credibility when it became apparent that he was one of few economists to correctly predict the 2008 Global Financial Crash. His bestselling book Debunking Economics has found wide appeal as an engaging corrective to the dogma of mainstream economists. Polity is the publisher of his Can We Avoid Another Financial Crisis?