Date: 2024-08-16 Page is: DBtxt003.php txt00003587
Ideas
Analysis of Economy
BBC podcast ... Steve Keen: Why Economics Is Bunk ... a pioneer of meaningful new economics from Australia
Burgess COMMENTARY
Peter Burgess
Steve Keen: Why Economics Is Bunk Duration: 30 minutes
Newsnight Economics Editor Paul Mason interviews the controversial economist Steve Keen before an audience at the London School of Economics. Keen was one of a small number of economists who predicted there would be a major financial crisis before the 2008 crash. He argues that if we keep the 'parasitic banking sector' alive the economy dies, and says that conventional economics provides an unwitting cover for 'the greatest ponzi schemes in history'.
Producer: Kavita Puri.