Krugman on (or Maybe off) Keen

"Krugman on (or Maybe off) Keen"

Non-neoclassical economists like myself [Steve Keen], Michael Hudson, Ann Pettifor, the late Wynne Godley, Randy Wray and many others (see Dirk J Bezemer, 2009, and Edward Fullbrook, 2010 for fuller lists of those who warned of this crisis before it happened–including of course Nouriel Roubini, Dean Baker, Robert Shiller, and Peter Schiff) were shouting that the post-1993 explosion in private debt was unsustainable, and would necessarily lead to a crisis when its rate of growth slowed (let alone turned negative), for years before the crisis began.... We were ignored, in large part because only Neoclassical economists like Krugman, Bernanke and Greenspan had the ear of the public and politicians.

via EconoMonitor : EconoMonitor » Krugman on (or Maybe off) Keen.

I was complaining too starting in 2002-3 about the huge, insane real estate bubble that was forming.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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