1. Yes, Steve is a big fan of Douglas Adams. Hence the title to this blog.

    It's also how he can stay sane having just lost his job as Professor of Economics at the University of Western Sydney (UWS). It's big news to him, but, as Adams would put it, of only minor significance given the enormity of the universe.

    And there are bigger fish to fry – like trying to convince the world that neo-classical economists have got it all wrong. So, whilst there might be a few personal finances to consider, the challenge remains the same.

    In this video Steve talks about the situation at UWS and how he became interested in economics in the first place. As he admits, he's a "verbose bastard", so the explanation entails much of his life story. Enjoy.

    # vimeo.com/54313219 Uploaded 141 Plays 0 Comments
  2. For this interview Steve and I caught up in the Keen-cave, populated with large computer screens, boxes and papers piled high.

    It was timely, of course, to talk about the challenges faced by Barack Obama in his second term. He has a tough time ahead, even if he manages to convince the Republicans to forget about the fiscal cliff.

    Steve likens it to Australia in the 1990s, when it was clear Labor wouldn't hold power after the property bubble built during the Hawke-Keating era. It gave the opposition the fuel to declare that Labor couldn't manage the economy and kept them from power for 14 years. Of course, Obama can't be blamed for creating the bubble, but he could still pay for the consequences, particularly as the focus still seems to be on public sector debt rather than the bigger issue of private debt.

    # vimeo.com/54313218 Uploaded 73 Plays 0 Comments

Debunking Economics

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