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Steve Kates was the Chief Economist for the Australian Chamber of Commerce for 24 years and a Commissioner on the Productivity Commission. He is now an honorary adjunct associate professor in the College of Business at RMIT University in Melbourne. He has written the first post-GFC textbook in economics, Free Market Economics: an Introduction for the General Reader – now in its third edition – which explains amongst other things why the stimulus packages that followed the global financial crisis created many economic problems and solved none. His next book, Classical Economic Theory and the Modern Economy, provides a detailed and historical explanation of how the Keynesian Revolution completely distorted our ability to understand the operation of a market economy and undermined our ability to provide sound policy during economic upheavals.

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