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Banks versus the economy

LSE and BBC Radio 4 public conversation


"If we keep the parasitic banking sector alive, the economy dies," warns radical economist Steve Keen.

For BBC Radio 4's Analysis programme, Paul Mason interviews Professor Steve Keen about his diagnosis and proposed treatment for our current economic problems.

A follower of the late Hyman Minsky, Professor Keen has an unconventional proposal for dealing with the financial crisis: a "Modern Debt Jubilee" that reduces private debt without disadvantaging savers, but which drastically reduces the income and power of the financial sector.

Professor Keen has also argued that though it professes to praise capitalism, mainstream "Neoclassical" economics poses a greater danger to capitalism than any number of left-wing revolutionaries. "Its naive, money-less, equilibrium theory of capitalism provided the unwitting cover for the greatest Ponzi Schemes in human history," claims Professor Keen. He argues that it's in the interests not just of "Occupy LSX" to overthrow this theory, but the business sector as well.

Steve Keen is Associate Professor of Economics and Finance at the University of Western Sydney. He is the author of the best-selling book Debunking Economics| and blogs at Steve Keen's Debtwatch|.

Paul Mason is the Economics Editor of BBC 2's Newsnight programme. His books include Meltdown: The End of the Age of Greed; and Why It's Kicking Off Everywhere: The New Global Revolutions. He blogs at Paul Mason|.

This event will be broadcast as part of the Summer 2012 series of Radio 4's Analysis programme. For over 40 years, Analysis has been examining ideas which shape public policy in Britain and abroad.


Speaker(s):

Professor Steve Keen | talks | www
BBC Storyville Editor Paul Mason | talks | www

 

Date and Time:

3 April 2012 at 6:30 pm

Duration:

1 hour 30 minutes

 

Venue:

Old Theatre, Old Building
London School of Economics and Political Science
Houghton Street
London
WC2A 2AE


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Organised by:

London School of Economics & Political Science
See other talks organised by London School of Economics & Political Science...

 

Tickets:

Free

Available from:

This event is free and open to all however a ticket is required, only one ticket per person can be requested.

LSE students and staff are able to collect one ticket from the New Academic Building SU shop, located on the Kingsway side of the building from 10.00am on Tuesday 27 March.

Members of the public, LSE staff, students and alumni can request one ticket via the online ticket request form which will be live on this listing from shortly after 10pm on Monday 26 March till at least 12noon on Tuesday 27 March. If at 12noon we have received more requests than there are tickets available, the line will be closed, and tickets will be allocated on a random basis to those requests received. If we have received fewer requests than tickets available, the ticket line will stay open until all tickets have been allocated.

For any queries email events@lse.ac.uk|.

Event weblisting: http://www2.lse.ac.uk/publicEvents/events/2012/04/20120403t1830vOT.aspx

Additional Information:

From time to time there are changes to event details so we strongly recommend that if you plan to attend this event you check the listing for this event on the LSE events website on the day of the event.

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