Welcome to deflationite. Over time I hope to document and comment about currently the biggest deflationary episode to effect the global economy since the great depression.
My name is Jamie Sanderson, I left University with an honours degree in economics and a preference for Post Keynesian economics. While it gave me a warm inner glow to not be churned out as one of the endless line of neoclassical sheep; being a heterodox economist made gaining employment in the private sector and public service nigh on impossible.
So after a couple of years in odd jobs I embarked on a PhD. Again, it was not the norm, it was about the economic effects of climate change, which was not a very popular subject back in 1996 when most of the public thought climate change was a change in wind direction.
Eventually the PhD was completed and a book published. Life then intervened in terms of family committments, but the interest in economics never waned. I am resigned to live the rest of my employed days as an academic economist unless the miracle of the fall of the neoclassical empire finally happens.
The current world financial crisis has been fascinating and I have been keeping a close watch as events have unfolded. No one can really predict what is going to happen. However, I am convinced that the world is going to go through a prolonged deflationary episode, lasting years, not months.
So what better fun for a heterodox economist with some time on his hands than to document the most significant economic event of our lifetime?
I hope you enjoy the information presented over the coming months and years.