TORONTO, June 22, 2012 /CNW/ - Most post-WWII recessions have lasted less than a year; this crisis has been going on for five. Conventional "Neoclassical" economists didn't see it coming, can't understand why it hasn't gone away, and their preferred cure of austerity seems to be making it worse. To understand where it came from, why it hasn't gone away, and what might work to end it, you have to understand the dynamics of private debt.
On Thursday, July 5, 2012, Steve Keen will give a public lecture on why the financial crisis is not over. His models, inspired by Hyman Minsky's "Financial Instability Hypothesis", anticipated the crisis and explain why it won't go away until private debt levels are drastically reduced.
When: Thursday, July 5, 2012 at 5:00 p.m.
Where: The Fields Institute, 222 College Street, Toronto, Ontario
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For media inquiries:
Andrea Yeomans, Communications Officer
The Fields Institute for Research in Mathematical Sciences
[email protected], 416-348-9710 ext. 3024