Debunking Economics - the podcast
Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.
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- Update frequency
- every 7 days
- Average duration
- 34 minutes
- Episodes
- 472
- Years Active
- 2016 - 2025
Inflation, the next pandemic?
COVID is causing supply disruptions the world over, evidenced by disruptions to supply chains and rising producer prices and consumer prices. Central banks are quick to suggest this is a temporary me…
00:35:14 |
Sun 26 Sep 2021
Has QE become MMT by another name?
Central banks around the world are at different stages of how they supposedly deal with the COVId-19 crisis. Most are implementing some form of QE, but many are now reducing their purchases, and some…
00:11:11 |
Fri 17 Sep 2021
Boris’ Healthcare Reform is Grossly Unjust and Economically Damaging
Whilst the UK still lumbers under high COVID infection rates, and the economic recovery stalls, with GDP growth now at a trickle, the government wants to raise taxes. Even if you believed it was a fa…
00:37:01 |
Sat 11 Sep 2021
What’s down the China road?
There’s a lot happening with China right now. First, they are extending their social and commercial controls, which is adding uncertainty to foreign investors looking to get involved with Chinese fir…
00:36:01 |
Sun 05 Sep 2021
The economics of scarce resources
Following on from a fortnight ago, what happens as resources start to become scarce? We’re already seeing the short-term impact of supply chain disruption because of COVID, but what when this becomes…
00:39:23 |
Sun 29 Aug 2021
The economics of education
More students than ever are off to university next month because of the A level grade inflation, accentuated by teacher assessments replacing exam results because of COVID. How useful is it to societ…
00:41:00 |
Thu 19 Aug 2021
The mineral supply crisis that’s rarely talked about
We’ve talked about the climate change crisis on the Debunking Economics podcast, but there’s a broader issue we all face, highlighted in the Club of Rome back in 1972. We are chewing up resources fas…
00:45:17 |
Thu 12 Aug 2021
The economy after the pandemic
Many governments have done an excellent job at propping up businesses during the pandemic. For example, paying companies to furlough workers will, in theory, enable those businesses to quickly bounce…
00:33:49 |
Thu 05 Aug 2021
Why no Marxist revolution?
Karl Marx never advocated violent revolution, but he did expect that the power balance between capitalists and workers would change. On today’s podcast Steve Keen tells Phil Dobbie that Marx wrongly …
00:38:50 |
Fri 30 Jul 2021
Economics and thermodynamics
Steve Keen has often said, the problem with economics in, it ignores thermodynamics. That’s not always been the case. Georgescu-Roegen, a Romanian economist, wrote The Entropy Law and the Economic Pr…
00:42:05 |
Mon 26 Jul 2021
Free markets through subsidy
Even the most ardent free marketeer accepts that there is some degree of subsidy needed to support low income earners or necessary industries that are not commercially viable. This has particularly b…
00:38:39 |
Fri 16 Jul 2021
The economics of scarcity
From day one economics students are taught that their discipline is all about the optimal allocation of resources. The concept of scarcity is at the very heart of how we are supposed to think. And ye…
00:34:06 |
Thu 08 Jul 2021
Dog Days and Hot Bonds
Canada and the west coast of the US have been hit with extreme heat the last week. The town of Lytton in British Columbia reached 49.5C, the result of a heat dome caused by static high-pressure. It’s…
00:43:29 |
Thu 01 Jul 2021
Power (back) to the People
Businesses and politicians have worked tirelessly to reduce the power of workers and dissemble unions. Of course, nobody was better at it than Margaret Thatcher. But has she, and all those did their …
00:40:13 |
Fri 25 Jun 2021
Has the UK come the raw prawn over free trade?
Boris Johnson has enjoyed photo opportunities this week with Australian Prime Minister Scott Morrison with the announcement of an ‘in-principle’ free trade agreement between the two countries. It’s t…
00:31:58 |
Thu 17 Jun 2021
The problem with now
The world is fixated with the present. We want to earn money quickly and spend it quickly. CEOs don’t care about much beyond their stock options, politicians only work to getting re-elected, consumer…
00:35:43 |
Thu 10 Jun 2021
Relative Values
Today on the podcast Phil Dobbie talks to Steve Keen about the value of things. Supposedly, price is a substitute for value, meaning if someone is prepared to pay more for something then they must va…
00:35:17 |
Thu 03 Jun 2021
Inflation – transitory, then what?
US inflation is now running at 4.2% on an annual basis, and producer prices the world over have been rising as input costs for product creep up. How much of this will be passed on to the consumer as …
00:33:41 |
Wed 26 May 2021
Do central banks only help the rich?
This pandemic has been massive amounts spent by governments, and a chunk of that government debt is being bought by central banks. But with central banks buying up government bonds, whilst maintainin…
00:35:00 |
Thu 20 May 2021
Navigating out of the COVID crisis
There seems to be an assumption by many that the crisis we have experienced will quickly bounce back. Output will resume, demand will return, everyone will be back in work and the economy will rapidl…
00:36:08 |
Mon 10 May 2021
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