The man who predicted the Financial Crash in 2008 joins the Board of the company who will predict — and hopefully prevent — the next one.
London 13th October 2015 — Simudyne, the developer of Providence, the revolutionary simulation platform-as-a-service (PaaS), today announced the appointment of Dr. Steve Keen to its Advisory Board. Dr. Keen, the famous post-Keynesian economist, author and founder of the Minsky simulation software project is one of the few who predicted the financial crisis of 2007–08.
“I developed computer simulations that enabled me to successfully anticipate and warn of an impending serious economic crisis,’ said Dr. Keen. “Yesterday, the Nobel Memorial Prize in Economic Sciences, as usual, rewarded incremental work in economics when a wholesale shift is needed. I’m excited to become a Simudyne investor and Advisory Board member because I am confident that applications developed upon the Providence platform will facilitate that wholesale shift. Furthermore, Providence will be used to predict and mitigate future economic crises,” he continued. “Together, we’ll realise our vision that all critical decisions will be made with the aid of Simudyne’s technology.”
“By integrating Dr. Keen’s Minksy software into our Providence platform, we augment the intelligence of Governments, Central Banks, Hedge Funds and other financial institutions,” said Justin Lyon, Simudyne’s CEO. “His long-standing relationships with leaders and policymakers across the US, UK and Australian financial sectors will be invaluable when they deploy our software as the operating system for managing their dynamic economies and organisations.”
In addition to his other roles, Dr. Keen is also a consultant to the hedge fund Asymmetric Return Capital, which harnesses market volatility to protect and grow wealth in a rapidly changing world. “CNBC publicised Simudyne’s collaboration with hedge funds and the combination of Dr. Keen’s expertise and technology has proven itself a powerful prediction engine for this market. We’re therefore thrilled to announce that it’s part of our Providence platform,” said Justin Lyon.
Mike Morgan, Simudyne’s COO welcomed Dr. Keen to the team, “I’m delighted that Dr. Keen is joining us. We will infuse his vision and foresight into our strategic execution and by integrating his technology into our platform we will further enhance its predictive power for hedge funds and other financial institutions.”
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Notes to Editors
For interviews with Dr. Steve Keen or Justin Lyon please contact;
Jan McGinley
+44 (0)7834 223434
About Simudyne
Simudyne is the world’s leading next generation simulation software company. They empower business, government, military, law enforcement and civic leaders to solve highly complex problems that carry with them high levels of risk or reward. They leverage big data, simulation science and their powerful software to enable decision makers to build simulations of the real world to predict and test the future outcomes of their decisions and actions. Simudyne provides the platform of choice for those seeking to develop versatile, sophisticated, scalable simulation applications that help leaders solve complex problems and dramatically accelerate and improve decision-making by turning insight into foresight.
About Dr. Steve Keen
Dr. Keen is a Professor of Economics and Head of the School of Economics, Politics and History at Kingston University London. He is also a founding member of the hedge fund Asymmetric Return Capital. Dr. Keen is a prominent critic of conventional economics and he famously predicted the economic crisis of 2007–2008 because banks, debt and money play an integral role in his dynamic (as opposed to equilibrium) approach to economics. Dr. Keen’s controversial book, Debunking Economics, explains the many logical and empirical flaws in mainstream (and Marxian) economics without using mathematics. It has been translated into Chinese, French and Spanish. Dr. Keen also has more than 60 widely cited academic publications.
