Mainstream economists failed to anticipate the great financial crash of[masked]. In this talk, Professor Steve Keen will share his view on the bigger picture, including recent financial developments around the world. He will review options for the future of economics, highlight the little-understood importance of debt, and argue that significant debt write-downs are needed in order to limit future financial crashes.
** Tickets for this event are available on Eventbrite (https://www.eventbrite.co.uk/e/will-we-crash-again-why-capitalism-needs-debt-write-offs-to-survive-tickets-17879762852). **
This event is the first in a new series, "London Futurists at London Thinks".
About Steve Keen
Steve Keen is a Professor of Economics & Head of the School of Economics, History & Politics at Kingston University. He was one of the handful of economists to realize that a serious economic crisis was imminent, and to publicly warn of it, from as early as December 2005.
A staunch critic of mainstream economics, his book Debunking Economics (http://www.amazon.co.uk/Debunking-Economics-Revised-Expanded-Dethroned/dp/1848139926) is now in its 2nd edition and has been translated into Chinese, French and Spanish.
Professor Keen builds system models of the economy based on the Hyman Minsky's Financial Instability Hypothesis, and has developed an Open Source modeling program called Minsky to build dynamic, monetary models of the macroeconomy.
Over his twenty five years as an academic, Professor Keen has developed a unique approach to economics that builds on the work of the people he considers the true giants of this blighted discipline - Quesnay, Marx, Schumpeter, Sraffa, Keynes, Fisher, and Minsky - as well as neglected pioneers of dynamic analysis such as Richard Goodwin and John Blatt.
He blogs at http://www.debunkingeconomics.com/ .
About London Thinks
This London Futurists event is being organised as part of the successful series of London Thinks (http://conwayhall.org.uk/events/category/london-thinks/) events which take place at Conway Hall:
London Thinks builds on a strong foundation of original thinking and thought provocation, and offers London a new brand of event, which questions existing views and introduces new ideas on issues of real consequence. It brings top thinkers to the stage to share, provoke, debate and discuss their thinking.
Admission to any event in the London Thinks series costs either £10 or £5:
• Standard tickets cost £10
• Tickets are reduced to £5 for Students (with a valid ID card) and unemployed/unwaged
• Tickets are also reduced to £5 for people who are members of the Conway Hall Ethical Society (http://conwayhall.org.uk/).
To obtain a ticket, please visit this Eventbrite site (https://www.eventbrite.co.uk/e/will-we-crash-again-why-capitalism-needs-debt-write-offs-to-survive-tickets-17879762852). That site also makes it easy for people to join the Conway Hall Ethical Society at the same time as obtaining a ticket. A combination package covering annual membership and attendance at this event costs
• £30 for concessions
• £40 otherwise.
Doors open at 7pm. The talk will start at 7.30pm. The event will be moderated by David Wood, Chair of London Futurists. The talk will be followed by audience Q&A.
A cash bar will be available at the event. Afterwards, there will be the chance to continue the discussion at one of the nearby pubs in the area.
About London Futurists
London Futurists hold regular speaker events to explore radical scenarios for the next 3-40 years. For more details, see http://londonfuturists.com/ .