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Reading that my first thought was "Wow, British banks are screwed." It would be interesting to see how that compares to Greece, Spain, Italy, and other more tr
by einhverfr 14y ago
Reading that my first thought was "Wow, British banks are screwed."
It would be interesting to see how that compares to Greece, Spain, Italy, and other more troubled EU countries. The EU situation suddenly seems a lot scarier to me financially.
I should add that Steve Keen's writings on debt are absolutely must-reads for anyone interested in macroeconomic outlooks especially because he discards Neoclassical models in favor of debt-based models.
- ktizo 14y agoI've been following Real-World Economics Review - http://rwer.wordpress.com/ http://rwer.wordpress.com/ - since they were the movement for a Post-Autistic Economics - http://www.paecon.net/PAEmovementindex1.htm http://www.paecon.net/PAEmovementindex1.htm - Steve Keen seems to crop up there quite a bit.
- einhverfr 14y agoLooks like a great couple of sites. Bookmarked. Two of my favorite quotes by Keen from his presentations are: "The one thing Neoclassical economists don't understand is Neoclassical economics." And "The Marxist economists hate me even more than the Neoclassicals, which is quite an achievement."
- ktizo 14y agoYou'd probably appreciate "Life Among The Econ" by Axel Leijonhufvud - http://economistsview.typepad.com/economistsview/2007/05/axel_leijonhufv.html http://economistsview.typepad.com/economistsview/2007/05/axe...