"Dr. Steve Keen is one of 12 economist who predicted the Global Economic Crisis. He said this is due to the excessive levels of debt to GDP ratio.Prof Steve Keen is Associate Prof of Economics & Finance at The University of Western Sydney . Prof Steve Keen identifies himself as a post-Keynesian, He is highly critical of both modern neoclassical economics and (some of) Marxian economics as inconsistent, unscientific and empirically unsupported. Steve Keen looks at the rising national debts in Australia and the United States, paying particular attention to their historical relationship with recessions, growth and unemployment. He suggests that the levels of debt in both countries have reached a point which virtually guarantees a very difficult economic road ahead in the long term..."
at http://marcfaberchannel.blogspot.com/2011/06/prof-steve-keen-global-debt-collapse.html
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