Conventional "Neoclassical" economists didn’t see it coming, can’t understand why it hasn’t gone away, and their preferred cure of austerity seems to be making it worse. To understand where it came from, why it hasn’t gone away, and what might work to end it, you have to understand the dynamics of private debt.
On Thursday, July 5, 2012, Steve Keen will give a public lecture on why the financial crisis is not over. His models, inspired by Hyman Minsky’s “Financial Instability Hypothesis”, anticipated the crisis and explain why it won't go away until private debt levels are drastically reduced. Keen was one of the handful of economists to realize a serious economic crisis was imminent, and to publicly warn of it from as early as December 2005. This, and his pioneering work on modeling debt-deflation, won him the Revere Award from the Real World Economics Review for being the economist “who first and most clearly anticipated and gave public warning of the Global Financial Collapse and whose work is most likely to prevent another GFC in the future”.
When: Thursday, July 5, 2012 at 5:00 p.m.
Where: The Fields Institute, 222 College Street, Toronto, Ontario
For further information, please visit:
The Fields Institute, located in Toronto,
is recognized as one of the world's leading independent mathematical research
institutions. With a wide array of pure, applied, industrial, financial and educational
programs, the Fields Institute attracts over 1,000 visitors annually from every
corner of the globe, to collaborate on leading-edge research programs in the mathematical
sciences. The Fields Institute is funded by the Natural Sciences and Engineering
Research Council, the Ontario Ministry of Training, Colleges and Universities,
seven principal sponsoring universities, sixteen affiliate universities and several
222 College Street, 2nd Floor
Toronto, Ontario M5T 3J1
more information, please contact
Andrea Yeomans, Communications Officer: