Building a New Economics - Latest News and Information
Steve Keen and Phil Dobbie explore how compound interest fuels exponential economic growth while confronting the reality of finite planetary resources. They trace the historical condemnation of interest as usury across major religions and note its resurgence after the industrial revolution unlocked abundant energy. The authors argue that modern credit systems depend on continuous resource and energy expansion, creating a tension between financial expectations and ecological limits. Their analysis calls for rethinking growth models in light of planetary boundaries.
Economist Steve Keen has released a new video commentary on the Iran war, outlining its likely economic and geopolitical repercussions. He apologizes for recent posting gaps, citing a heavy workload and progress on his forthcoming book, "How Economists Will Destroy...
The United States is projected to spend roughly $1.5 trillion on defense and offensive operations in 2026, a level that dwarfs most other fiscal priorities. Because the dollar is a sovereign currency, the Treasury can technically create money to fund this...
A new video slated for 2 pm New York time argues that the Efficient Markets Hypothesis (EMH) is fundamentally flawed. It promotes the Inefficient Markets Hypothesis (IMH) pioneered by the late contrarian finance professor Bob Haugen. Haugen’s three books—*The New Finance*, *The...
