Tuesday, 10 June 2014

PRESS RELEASE:Debunking Economics Seminar by Steve Keen.


Contact: Mr George Gialamidis
email: info@eosee.org
mob.: +30 6936795707                                                                                                                                    

Thessaloniki, June 8th 2014.

Prof. Steve Keen will be “Debunking Economics” for the first time in Greece.

The Society of Economists Scientists and Entrepreneurs (E.O.S.E.E) together with the Institute of Dynamic Economic Analysis (IDEAeconomics) and under the auspices of the Faculty of Economics, Law and Political Sciences of the Aristotle University of Thessaloniki (A.U.T.H) announce the seminar “Debunking Economics”.  The seminar will be held at the old building of the School of Philosophy at the “Alexandros Papanastasiou” hall, first floor, on June 18th at 11.30 am. (10:30 am CET)

The world renowned economist and author of “Debunking Economics” Professor Steve Keen will be keynoting this seminar for the first time in Greece.  Prof. Keen is a critique of neoclassical economics.   In 2010 he received the Revere award from the real-world economics review and “has been judged the economist who first and most cogently warned the world of the coming Global Financial Collapse.”  He developed the open source software Minsky that allows for the simulation of a modern dynamic economy.  He has recently accepted the post as head of the department of Economics, History and Politics at Kingston University, London and he is the chief economist of IDEAeconomics.  He maintains the site www.debtdeflation.com/blogs/ and gives lectures and seminars worldwide.

Using the Minsky software Steve Keen’s lecture will commence with the model of Financial Instability Hypothesis, and then illustrate the importance of taking a monetary approach to macroeconomics, for two reasons:

  • First because private debt can and does cause both economic growth and bubbles (using an illustration of this done in Minsky software contrasting Neoclassical Loanable Funds to Endogenous Money), 
  •  Second because the government should be perceived as being an alternative bank (which must lend more than it gets in repayments in order to expand) rather than as another type of firm (which must have an excess of receipts over expenditure in order to expand).

Students of economics will receive a certificate of attention.  The entrance is free and there will be no translation from the english language.  Registration for the seminar is a prerequisite.  For more info: Facebook, E.O.S.E.E and IDEAeconomics.


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