Steve Keen's Debunking Economics website intro subscription price to end and rise to $40 a month
Property bubble speculator, Professor Steve Keen will push up subscription prices on his Debunking Economics website from tomorrow, having signed up around 130 subscribers since launching almost a month ago.
The Debunking Economics website, which aims to monetise Keen’s economic thoughts and analysis, had an introductory offer of $25 a month or $250 for year when it launched on August 21.
From September 20 subscriptions will rise to $40 a month or $400 for a 12 month membership.
Keen tells Property Observer the site is growing at about 20 subscribers a day after a slow start.
“Most are US subscribers, with Aussies second, and the vast majority are opting for a year’s subscription - which was unexpected,” he says.
He will look to attract more US subscribers as he takes part in conferences in Chicago and Missouri over the next 10 days.
Keen, the associate professor of Economics and Finance at the University of Western Sydney, will address the The American Monetary Institute conference in Chicago, which runs from September 20-23 and The Post Keynesian conference at the University of Missouri , which runs from September 27-29.
Keen launched the website to monetise some of his economic thoughts, models and unconventional views after six years of running his free Debtwatch blog (www.debtdeflation.com/blogs/), using his own money with some funding support. Keen continues to run Debtwatch, but with fewer posts.
In his engaging, chatty style Keen quips in one of the lectures posted on Debunking Economics that economics has gone so badly wrong in a “remarkable situation where economic theory is completely devoid of a connection with reality…even after five years of economic crisis has proven this, you still see conventional economists carry on trying to retain their views that failed them before the crisis began".
The website, which is hosted by Las Vegas-based Echo Chamber Media, currently offers subscribers hour-long video on economic behaviour lectures while in the “sandpit” - where Keen develops a new economic ideas - he examines American economist Paul Krugman’s “standard Neoclassical “Loanable Funds” model of lending, and put it into a dynamic model”.
The website also features weekly video interviews on both topical issues, chart packs, fortnightly interactive seminars and blog posts.
Keen remains adamant that house prices will fall by 40% from their peak in June 2010 over the next 10 to 15 years and believes that the days of rising property values are over.