Dr STEVE KEEN is an economist at the University of Western Sydney, Australia. He has written widely on economics and finance in academic journals and for the Australian media. His most recent edited publication is Commerce, Complexity and Evolution (Cambridge University Press, 2000).

No more Mr Nice Guy. Part 1 Foundations: the calculus of hedonism;the price of everything and the value of nothing;size does matter;to each according to his contribution. Part 2 Complexities: the holy war over capital;there is madness in their method;let's do the time warp again;the sum of the parts;the price is not right. Part 3 Alternatives: finance and economic breakdown;don't shoot me I'm only the piano;nothing to lose but their minds;there are alternatives.