How Should We Teach Economics After the Crisis? Steve Keen and Michael Hudson
If the breakdown of the current economic order is also a crisis of the theories used to explain it, how should economics be taught differently? Michael Hudson and Steve Keen discuss what a new economic education should include — history, debt, money, power, ecology and real financial systems — and what students need to learn if they are to understand and build an economy beyond the models that are now failing.
Steve Keen is an economist who predicted the 2008 crisis, author of Debunking Economics, Can We Avoid Another Financial Crisis?, and The New Economics, which calls for rethinking economics through an ecological and financial lens. A former professor and now Distinguished Research Fellow at UCL’s Institute for Strategy, Resilience and Security, he’s a prominent voice in public debates, podcasts, and media on debt, inequality, climate change, and the future of capitalism.
Michael Hudson is the Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of Super-Imperialism: The Economic Strategy of American Empire (Editions 1968, 2003, 2021), ‘and forgive them their debts’ (2018), J is for Junk Economics (2017), Killing the Host (2015),