Steve Keen is associate professor of Economics and Finance at the University of Western Sydney, and author of Debunking Economics. He has over 40 academic publications on topics as diverse as financial instability, the money creation process, mathematical flaws in the conventional model of supply and demand, flaws in Marxian economics, the application of physics to economics, Islamic finance, and the role of chaos and complexity theory in economics. His work has been translated into Chinese, German and Russian.

Keen's pre-academic career included stints as a school librarian, education officer for an NGO, conference organiser, computer programmer, journalist for the computer press, and economic commentator for ABC Radio National and Radio Australia.

The RBA believes the Australian housing market wouldn't experience catastrophic effects like those of other OECD countries, especially the US. According to their numbers, house prices are no longer overvalued and mortgage repayments are back to ... Read more