Steve Keen

The sensible centre may become a lonely place as voters globally reject establishment candidates.

The coming recession has been brought about by the sidestep both parties have used to avoid downturns for the past quarter century.

Unlike a household, a country can’t reduce its debt to income ratio by simply cutting its spending.

The key factor driving Australian house prices up over the past three years has been accelerating mortgage debt.

The economist explains how he erred in his assumptions, noting government meddling has allowed the mortgage bubble to grow.

As Greece's recovery stalls, the looming presidential election is likely to be a referendum on economic austerity.

David Cameron should consider the UK's private debt situation before cutting government spending and risk making the economic stagnation worse.

If things do go pear-shaped in China, it’s likely to result in a more severe downturn than that experienced by the US in the wake of the financial crisis.

With margin debt reaching the levels seen before the 2000 and 2008 crashes, there's plenty to fuel a very large, and not-so-random, correction.

Flawed economic reasoning has caused immense suffering throughout Europe and distracted attention from the real causes of the crisis.

That so many Scots voted in favour of independence highlights the toxic and painful legacy of British neoliberalism.

The ECB's decision to increase the trivial interest rate on private banks' reserve accounts will do little to change their lending behaviour.

No mainstream economic model predicted the GFC, but alternative approaches are still largely ignored. The heavily-flawed traditional modelling approach needs some serious revisions, before the next financial crisis.

According to the Australian Bureau of Statistics, the unemployment rate has supposedly risen 0.4 per cent, but other estimates suggest it has fallen. Which is more accurate?

Even the wealthiest members of American society are worried about the dangers of rising inequality and private debt.

Mainstream economists have long ignored the dynamics of private debt, money and banks to their detriment. Now more than ever, a realistic and non-orthodox approach to economics is needed.

The Murray inquiry's observations on financial advice, household debt and super are commendable, but its boneheaded proposal for the government to underwrite RMBS is a concern.

Ian Narev has blamed his bank's financial planning scandal on 'poor advice' from a few individuals, but renewed allegations around CBA's Bankwest buy are potentially far worse and may not be so easily brushed aside.

The fraud scandal in Commonwealth Bank's financial planning division highlights how a systemic sales culture has taken root in the financial sector. ASIC needs to act, but the Coalition's weak response won't help matters.

For Southern Europe to climb out of its Great Depression, Brussels needs to admit defeat and finally abandon its foolish policy of trying to eliminate government deficits at any cost.