Date of release: Thursday, November 20, 2014

John WeeksHow mainstream economics could serve the wealthy rather than the many will be discussed during the University of Greenwich’s next Big Picture seminar.

John Weeks, Professor Emeritus of Economics at SOAS, University of London, will be speaking on Wednesday 26 November. The event is free to attend but registration is essential, with details below.

In the seminar, Professor Weeks will talk about the ‘myths’ of mainstream economics and argue why, in his view, current economic policies fail to serve the vast majority of people in the world. Austerity policies have little theoretical basis and achieve nothing but inequality and misery, he says, while the current deficit and debt crises in the United States and Europe are ideologically manufactured, unnecessary and simple to overcome.

He has advised numerous governments and written and commented widely on economic and social issues in the United States, Europe and developing regions.

Run by the university’s Business School, the Big Picture seminar series gives high-profile speakers a chance to share their expertise with students, staff and the general public. Subjects include entrepreneurship, leadership and management, the economy and the media.

Economics of the 1%: how mainstream economics serves the rich takes place from 5pm at the Greenwich Campus. To register:

To find out more about studying with the Business School, see:, email or call 020 8331 9000.

Story by Public Relations

Picture: John Weeks.