steve keen

More debate about who predicted the Great Recession, and lessons learned

By / 10 Comments / 1 January 2015

Summary:  The comments on the FM website often have Socratic dialogues, clashing views in the search of truth. Yesterday we had one at the intersection of several of our long-standing themes: debt, deflation, economic theory, making forecasts, and the credibility of experts. Participating was the distinguished economist Steve Keen, discussing if he “predicted” the Great …

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Looking back at claims to have predicted the Great Recession

By / 61 Comments / 11 January 2015

Many economists and financial experts claim to have predicted the Great Recession. That’s important, since these are the people we should be listening to.  Oddly, they seldom quote or cite what must be their greatest accomplishment. Let’s look at one such claim, by Steve Keen. Update: Steve Keen provides additional citations in the comments. First, …

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