P:C ARCHIVES: Steve Keen on The Economics of Climate Change
From the archives: How mainstream economics is driving the climate disaster
Professor Steve Keen was one of the few economists to realise that a serious economic crisis was imminent in 2005. He publicly warned the world, and helped his native Australia navigate the 2008 crash without the major repercussions that crippled markets everywhere else.
He is now working on a new model of economics for a post-crash world. He joined me today to discuss why and how capitalism needs to be constrained, the economics of climate change and what mainstream economists and academics are getting wrong—to the detriment of us all.
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