Steve Keen famously had to take a long hike due to his failed prediction that Australian house prices would crash, but he collected a Revere Award for predicting the Global Financial Crisis.
Steve Keen (University of Western Sydney), receiving more than twice as many votes as his nearest rival, has been judged the economist who first and most cogently warned the world of the coming Global Financial Collapse. He and 2nd and 3rd place finishers Nouriel Roubini (New York University) and Dean Baker (Center for Economic and Policy Research) have won the inaugural Revere Award for Economics. It is named in honour of Paul Revere and his famous ride through the night to warn Americans of the approaching British army.
In addition, the Keith Hancock and Wheelwright Memorial lectures.
Can’t wait for the Wheelwright address.
This year’s lecture will be delivered by Prof Diane Elson and here’s some background info on the lecture: Media commentators in USA and UK have pointed to a crisis structured by gender relations. One suggested that if Lehman Brothers had been Lehman Brothers and Sisters, a financial crisis would have been far less likely. Others described the ensuing fall in output and employment as a ‘mancession’. Feminists in both countries have argued that subsequent austerity policies are undermining the improvements that had been made in women’s economic and social rights. I will discuss the validity of these claims, and ask the audience what role they think gender has played in the financial crisis and its aftermath in Australia.
And much more. By the way, Steve Keen lost his bet on house prices in 2009 but he did not give up, predicting massive falls by 2013.