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
Is technology the only real driver of growth?
We know what makes up the measure of gross domestic product – it is increases in private or government spending, increases in investment or an improvement in your balance of trade. But are those fact…
00:30:09 |
Wed 11 Mar 2020
We need to prepare the economy for a lock down
The manufacturing numbers from China at the weekend showed how hard the sector was hit by the lockdown in Wuhan and neighbouring districts. In today’s Debunking Economics podcast Prof Steve Keen says…
00:37:27 |
Tue 03 Mar 2020
Can US debt keep rising forever?
The US government is now running a debt exceeding $23 trillion. When Donald Trump cam rot office it was already at $18.2 trillion. Regular Debunking Economics listeners will know the ability to rack …
00:32:49 |
Mon 02 Mar 2020
The multiplier effect and who stops it working
The multiplier is a basic concept of economics. If you come across some money and spend it, the person you spend it with then spends a proportion of it again, the recipient of which also spends some …
00:30:26 |
Tue 25 Feb 2020
Should Central Banks do all the work, or none of it?
Central banks started life as clearing houses and have evolved into instruments to, supposedly, protect the economy. But with interest rates at all time lows, often in the negative, have they gone as…
00:33:27 |
Mon 17 Feb 2020
The impact of AI – good or bad for the economy?
Artificial intelligence is everywhere it seems, except perhaps in parliament and in quite a few newspapers. But what does it mean for the future of work. Conventional economists would argue that peop…
00:31:14 |
Mon 10 Feb 2020
Does fiscal stimulus work? What about Friedman’s argument of nominal value?
Today Phil Dobbie talks to Prof Steve Keen about Milton Friedman’s concept of nominal value ,and how this runs counter to the argument that governments can create money to give the economy a sugar hi…
00:33:20 |
Mon 03 Feb 2020
Davos does diddly-squat
The world leaders met at Davos and discussed climate change. Greta Thunberg told them they weren’t doing enough, even though the President of the United States promised to plant some more trees and w…
00:37:54 |
Tue 28 Jan 2020
Is the share market killing innovation?
US equities, in fact shares around the world, seem to be running away with themselves right now. Is this healthy? And who wins, other than the investors who sell before the price tops out? This week …
00:41:35 |
Mon 20 Jan 2020
Does the UK economy need the royals?
Who’d have thought it – Steve Keen and Phil Dobbie turn out to be a couple of royalists. As Harry and Megan prepare to chuff off to Canada, and royal-watchers have been decrying the whole thing as on…
00:26:57 |
Wed 15 Jan 2020
Steve Keen’s Predictions for 2020
2019 was quite a year. We had the ongoing Brexit saga, the US China trade war, Europe close to recession and a big housing downturn in Australia. It was capped off with some of the worst bushfires ev…
00:34:36 |
Mon 06 Jan 2020
Five Big Myths of Classical Economics
It’s taken us a few years to tackle the obvious topic for the Debunking Economics podcast, what are the biggest failings of neoclassical economics. Prof Steve Keen tells Phil Dobbie that it starts on…
00:38:47 |
Mon 23 Dec 2019
The Opportunity Cost Fallacy
It’s one of the basic constructs of classical economics – the concept of the opportunity cost. Steve Keen admits it works at the individual level – you are listening to this podcast at the expense of…
00:27:24 |
Mon 16 Dec 2019
Business cycles – what causes them?
In this edition of the Debunking Economics Podcast Phil Dobbie and Steve Keen discuss business cycles. What causes them and how can we reduce their impact. As Steve explains, neo-classical economics …
00:32:59 |
Wed 11 Dec 2019
Economic Growth – it’s complicated
Economists predict GDP growth by looking at business investment, government and consumer spending, plus the net level of exports. In the long term, of course, growth only comes from the products and …
00:31:22 |
Tue 03 Dec 2019
Should we do more to price-in externalities?
Economists love the concept of externalities - factors that cost you or benefit you, for which you made no contribution, or for which you bare no blame. In this week’s podcast Phil Dobbie describe sh…
00:29:10 |
Sun 24 Nov 2019
Free broadband – Corbyn’s bad connection
Jeremy Corbyn pledged over the weekend that, if he was to become Prime Minister, he would deliver free high-speed full-fibre broadband to everyone by 2030. To do it he would renationalise Open Reach,…
00:42:15 |
Mon 18 Nov 2019
What can we do about pay gaps?
For all the best efforts we have seen over recent years, the gender pay gap in most countries remains an issue. There are lots of other factors determining how much you get paid, of course – your age…
00:39:43 |
Tue 12 Nov 2019
Brexit - a good idea or not?
Steve Keen and Phil Dobbie had very different ideas about Brexit a few years ago. Now they both agree it’s a vote that should never have happened? So, is it the impact of tariffs?? Is it the impact o…
00:41:32 |
Sun 03 Nov 2019
Making an MMT Green New Deal Global
One of the constraints of MMT is that to create more government money you need to have a sovereign currency. That rules out countries in the Eurozone and developing nations heavily reliant on the US …
00:33:08 |
Sun 27 Oct 2019
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