Steven Kates

Dr Steven Kates is an Adjunct Associate Professor at the RMIT University in Melbourne where he has taught since 2005. He however spent most of his working career as the Chief Economist for the Australian Chamber of Commerce and Industry where his economic ideas were tested in the midst of national policy development. His main area of research since returning to the academic world has been on classical economic theory with particular focus on the classical theory of the business cycle which has meant he has also undertaken a great deal of research into the deep flaws in Keynesian economic theory and modern macroeconomics. He is the author of Free Market Economics: An Introduction for the General Reader (Edward Elgar – third edition 2017) which is a restatement for the twenty-first century of John Stuart Mill’s 1848 Principles of Political Economy. In his text, he explains what economic theory looks like if the supply-side of the economy is placed at the centre of economic analysis and in which Say’s Law is brought back as the core principle underlying macro theory.