Student Reporter Adam Wong interviewed Dr. Steve Keen, Professor of Economics and Finance at the University of Western Sydney, on his new but controversial economic ideas in sustainability and economic modeling. Economics has always been one of the main forces of human development and in this new era of resources depletion and financial instability, this is no different. Conventional economic ideas continue to play a vital role in helping our governments and societies to make decisions that improve our well-being. However, Dr. Keen is against the conventional ideas of orthodox economics and he views the economic world completely differently from neoclassical economists. Economics cannot grow forever
‘Green must become grey growth,’ Dr. Keen pointed out in his presentation. Our economic growth cannot be infinite, he said, even with advances in technology and if we continue to follow the current mindset of neoclassical economists.