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Steve Keen's Debtwatch's Blog

Gisellian demurrage currency

April 29, 2019 Comments (0)

Dr. Keen, I am wondering if you have ever seriously considered issuance of Gisellian currency for countries facing unplayable debt (all of them, as far as I know). The scheme I am imagining would have these govts paying off bonds due with G-currency. Bondholders would then, ASAP, spend it on … Continue reading →

Australia’s Economy is a House of Cards

November 28, 2017 Comments (0)

By Matt Barrie & Craig Tindale. I recently watched the federal treasurer, Scott Morrison, proudly proclaim that Australia was in “surprisingly good shape”. Indeed, Australia has just snatched the world record from the Netherlands, achieving its 104th quarter of growth without a recession, making this achievement the longest streak for any OECD country … Continue reading →

Shutting down membership

November 28, 2017 Comments (0)

I have recently established a Patreon site, where people can support my research and advocacy work with donations starting at $1/month. That is now where I will engage in conversation in response to posts. So if anyone here wants to continue a dialogue with me and others, please sign up there. … Continue reading →

Brexit debate in London May 31st

November 28, 2017 Comments (0)

I’m taking part in a debate on one of the major topics in this year’s election, Brexit, on May 31st at 7.30pm at Canham, 40 Sheen Lane, London SW14 8LW. The other speakers are Frances Coppola, and Angus Armstrong. Frances Coppola is an economic commentator in print and frequently on … Continue reading →

Freezing site/Moving to Patreon & Profstevekeen

November 28, 2017 Comments (0)

I’m freezing this site and moving to both Patreon ( and a new website There are several reasons: This site’s signup security failed, and something like 50,000 bot-users have signed up. It’s just too cumbersome in WordPress to delete them selectively from here, so it’s easier to move to a new, … Continue reading →

What if my analysis is used for evil purposes?

April 21, 2017 Comments (0)

One of my Patrons posed a very good question to me: in a nutshell, how would I respond to a politician who took my ideas and perverted them for political gain? Here’s Andre’s full query: Hi Steve, thank you, you’ve given me the gift of some of the most important … Continue reading →

Can we avoid another financial crisis?

April 12, 2017 Comments (0)

Can we avoid another financial crisis? In 2008, conventional economics led us blindfolded into the greatest economic crisis since the Great Depression. Almost a decade later, with the global economy wallowing in low growth that they can’t explain, mainstream economists are reluctantly coming to realise that their models are useless … Continue reading →

Support me on Patreon

March 17, 2017 Comments (0)

Click here to support me on Patreon As I explain in this video, government attempts to turn University entrance into a marketplace have had the unintended side-effect of undermining pluralist economics. The UK government has removed controls on the number of places that Universities can offer in first year courses, and … Continue reading →

Infrastructure conference in Westminster Tuesday 24th

January 16, 2017 Comments (0)

A new organisation called NEKS (for “New Economic Knowledge Services”, see is holding its inaugural conference on the economics of infrastructure In Westminster on Tuesday January 24th, and you should attend. Why NEKS, and why Infrastructure? The economic importance of infrastructure is obvious, but the actual performance of infrastructure … Continue reading →

Teaching Economics the Pluralist Way

December 30, 2016 Comments (0)

This is a talk I gave in Amsterdam to launch the Amsterdam Rethinking Economics critique of the current state of economics “education” in the Netherlands. The text of my slides is reproduced below. Teaching Economics the Pluralist Way Steve Keen Kingston University London IDEAeconomics Minsky Open Source System Dynamics … Continue reading →