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
A history of recessions, and why this is not so different
There’s one clear difference between this recession and almost all those that have gone before. This time there was a pandemic involved, which hit demand and supply equally. So are there any similari…
00:36:22 |
Sun 02 May 2021
Removing the green premium
40 world leaders go together virtually this week, for a bit of an impromptu climate summit called by Joe Biden, before the next big climate conference (COP26) in Glasgow in November. In this edition …
00:10:05 |
Sat 24 Apr 2021
Yellen’s global tax is a non starter
Janet Yellen has repeatedly called for countries to raise their corporate taxes, so they are in-line with the increases she has planned for the US. There’s also been a call for companies to be taxed …
00:32:29 |
Mon 12 Apr 2021
Central banks investigate digital money
You might have thought that digital currencies were the domain of cryptocurrency evangelists, and were largely stores of wealth rather than money used for transactions. Now, it seems, central banks e…
00:32:43 |
Sun 04 Apr 2021
The Fallacy of the Supply Curve
Last week we looked at how economics text books that taught us the law of demand, and how fundamentally flawed it was. Today, equally as useless, the law of supply, with the supply curve representing…
00:39:37 |
Sun 28 Mar 2021
The fallacy of the demand curve
Steve Keen believes the way we look at economics is wrong from the ground up. Take the demand curve, for example. It shows how, when prices fall demand goes up, and vice versa. Whilst it works at an …
00:35:26 |
Fri 19 Mar 2021
Global Britain, owned by the world
Post Brexit we were promised a global Britain. It’s got off to a bad start with a massive fall in exports to the EU in the first month of this new utopia. Meanwhile, there seems to be a lot of talk a…
00:36:43 |
Fri 12 Mar 2021
Vaccination is a global pursuit
The UK chose to respond to a global pandemic by reducing the amount of money given in foreign aid. Yet COVID-19 is attacking every country in the world. So is climate change. And there will be other …
00:29:40 |
Fri 05 Mar 2021
Economies are too scarred to bounce back quickly
The UK won’t see an end to lockdown measures until July, but after that the hope of many is that the economy will bounce back quickly. The Bank of England governor has called it a coiled spring. Many…
00:30:03 |
Tue 23 Feb 2021
Who pays for a free press?
Australians can no longer turn to Facebook for news. From today they have banned Aussies from posting links to news sites on their platform, or for Facebook users anywhere linking to Australian news …
00:35:54 |
Thu 18 Feb 2021
Has the last year shown us how to save the planet?
In 2019 Greta Thunberg spoke to politicians at the UN Climate Week, saying they were promoting fairy tales of eternal economic growth. The next year we saw GDP in advanced economies fall by around fi…
00:31:56 |
Tue 09 Feb 2021
Who were the bad guys in the Redditt Wall Street Rebellion?
There was a bit of argy-bargy on the share markets in America last week, when a bunch of day traders set to take on Wall Street, particularly the hedge funds who were shorting stock on Gamestop, amon…
00:32:48 |
Wed 03 Feb 2021
Is central bank independence a thing of the past?
Remember a time when central banks pretended to be independent, insulated from day-to-day politics? That had all but disappeared before COVID, but the pandemic was the final nail in the coffin of cen…
00:35:42 |
Wed 27 Jan 2021
The value of pensioners in a COVID age
Last weekend, Lord Sumption, was talking about why a lockdown harms everyone when the virus mainly ills people who are old or who have with debilitating conditions. He suggested we shouldn’t have loc…
00:30:00 |
Thu 21 Jan 2021
Can we Wörgl our way out of this?
One big problem as we emerge out of the COVID crisis is, even if we have money we’ll be reluctant to spend it. So, how can the government get us to step up our spending? The answer, perhaps, lies in …
00:28:57 |
Wed 13 Jan 2021
The Science of Trumpism
If you follow the science of Cliodynamics, the events unfolded in the United States the last few years have been entirely predictable. This week Prof Steve Keen talks to Phil Dobbie about the work of…
00:10:25 |
Fri 08 Jan 2021
Steve Keen’s Predictions for 2021
Earlier this year Phil Dobbie asked Steve keen for his predictions for 2020. Without a whiff of COVID-19 IN THE AIR, Steve talked of a capitalist economy on government life support. On that he was pr…
00:43:37 |
Wed 30 Dec 2020
Are we overstimulating the economy with the COVID-19 response?
As the US government argues over whether to spend almost another $1 trillion to stimulate an economy ravaged by COVID-19, and the UK government likely to increase public sector borrowing by GBP215 bi…
00:29:16 |
Wed 23 Dec 2020
The best approach to foreign trade
Would the UK be better off with tariffed trade with Europe? The public discourse seems to be focused on how to remove tariffs, but Prof Steve Keen argues that if they are sufficiently high they will …
00:34:13 |
Wed 16 Dec 2020
Are we doing foreign aid wrong?
The UK has cut its foreign aid budget to help pay for the domestic costs of COVId-19. Is that a bit of a callous move? That’s a rhetorical question, but there’s a more meaningful question on today’s …
00:34:08 |
Sat 12 Dec 2020
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