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
Getting the balance right between government and private debt
Governments have been using the terms ‘fiscal conservatism’ and ‘austerity’ to bring down government spending. Often it’s meant transferring government commitments (like on education) to private or i…
00:41:22 |
Sun 12 Aug 2018
Are universities losing critical thinking?
There was a time when universities embraced a diversity of thought – something that’s critical in a discipline as embryonic as economics. With so many neo-classic economists caught by surprise with t…
00:34:12 |
Wed 01 Aug 2018
The growth of credit is slowing money down
In this podcast Prof Steve Keen and Phil Dobbie revisit the velocity of money, with a focus on how increasing credit is a major determinant in why the speed of money transfers has been slowing marked…
00:28:04 |
Thu 26 Jul 2018
What’s the main driver of inflation?
There’s the theory that the supply of money is a major contributor to the rate of inflation. Prof Steve Keen says the central banks have spent the last ten years unsuccessfully trying to demonstrate …
00:35:37 |
Fri 20 Jul 2018
Can Economics Save The Planet?
We’re seeing an increase in the rate of ice loss in Antartica – another sign that global warming is worsening, whilst the world’s leader do little to mitigate the problem. In fact, one of those leade…
00:31:11 |
Wed 11 Jul 2018
Slow Money
The speed of growth in an economy and the rate of inflation is driven by how much money is in circulation and how quickly its changing hands. Steve Keen says we need to add the change in debt to Milt…
00:30:06 |
Fri 06 Jul 2018
Do we need cold hard cash?
Sweden is quickly moving towards a cashless economy. According to their central bank cash payments are now less than 2 percent of GDP and less than 15 percent of retail transactions. Phil Dobbie asks…
00:24:58 |
Fri 29 Jun 2018
A Tale of Two Economies
They’re having the best of times. They’re having the worst of times. The US economy seems to be going gangbusters whilst Europe’s growth has stalled and, possibly, is starting to wane. So why the dis…
00:30:54 |
Tue 19 Jun 2018
Do high mortgages slow growth?
Ask a conventional economist about household debt and they’ll say it’s not an issue. The money you spend on repayments won’t be spent on shopping, but whoever gets that money will spend it and keep i…
00:25:56 |
Wed 13 Jun 2018
Growth – why it won’t last forever
Western economies are struggling to see growth anywhere near the levels before the global financial crisis. Japan has been struggling with zero growth, or worse, for years. So, what’s the cause of th…
00:32:04 |
Fri 08 Jun 2018
ECB fiddles whilst Rome burns
A meltdown seems to be happening in the Italian economy. Steve Keen tells Phil Dobbie that it’s the failings of the Maastricht Treaty coming home to roost. Does this mean that Italy could be on the v…
00:32:51 |
Wed 30 May 2018
Why government debt isn't a problem
Joh Madden sent us a message saying he wants to understand, in simple terms, why the interest payments on public debt are not a problem. He points out how it is used to justify austerity because it i…
00:28:19 |
Wed 23 May 2018
Will more information drive purer economic outcomes?
Economic theory is based on the blatantly false assumption that perfect competition can be achieved when everyone has access to perfect information. So, if we strive to get closer to that ideal can w…
00:31:53 |
Fri 18 May 2018
How Marx was wrong on revolution
Karl Marx got a lot right, but he was wrong about the need to a revolution. In this podcast Prof Steve Keen explains how, if Marx had followed his own theories, he would have realised that there wasn…
00:35:45 |
Thu 10 May 2018
Monetary versus fiscal policy – which one works best?
Central banks like to control inflation using monetary theory (managing the cost of borrowing) as their way to control inflation and unemployment and avoid recessions. Whereas Keynes argues that gove…
00:31:37 |
Wed 02 May 2018
Is it time to break up the Internet giants?
With Mark Zuckerberg being probed by the US government recently, and similar hearings being held in the UK, there’s been a lot of discussion lately about whether the Internet giants wield too much po…
00:29:48 |
Wed 25 Apr 2018
Challenging the distortionary impacts of land value
Land, is of course, heavily constrained. In this podcast Phil Dobbie asks Professor Steve Keen whether enough value is placed on it and the influence it has on the broader economy. Housing speculatio…
00:31:52 |
Tue 17 Apr 2018
Why Russia supports their tough guy
It’s hard to support everything Vladamir Putin does – he probably was involved in the attack in Salisbury. If not, there are lots of other violations of human rights we can point to. But he does have…
00:41:11 |
Fri 06 Apr 2018
Is a trade deficit a bad thing?
In this podcast series Prof Steve Keen has repeatedly argued the importance of keeping an economy in surplus. But, Alex Howlett, a regular listener and Patreon supporter, asks why this might be. He s…
00:26:51 |
Tue 03 Apr 2018
Is there a case for full reserve banking?
One of our podcast listeners, Arjen, asks the question, “Why don't you recommend a full-reserve banking system instead of fractional reserve? There would be much less debt in such a system and a smal…
00:39:25 |
Tue 27 Mar 2018
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