We’ve talked a lot on the Debunking Economics podcast about how energy is the only real driver of an economy, so the performance of an economy is driven by the availability of the resource and how ef…
Britain’s productivity levels are 17 percent lower than the rest of the G7. A French worker could take Friday off and still beat the output of a British worker. So, does that mean we mean a more educ…
Many people it seems have turned to cryptocurrencies as a way of side stepping banks – a technology that will challenge their dominance and democratise the supply of money. Others look to fintech as …
We know there is growing discontent around the world about the distribution of wealth and, it seems, financial crises can make the problem worse. In this edition of the Debunking Economics podcast Ph…
Just how much control does a country have over its own economy? We’ve seen wage growth stifled by international competition and the decimation of manufacturing in the West. Yet Trump and Brexit voter…
We often hear the argument that house prices have risen so much because there’s a lack of supply. Politicians argue that if more land was released to developers more homes would be built and the affo…
The Oxford Review of Economic Policy devoted its entire latest edition to rebuilding macroeconomic theory. That sounds like an acknowledgement that the theories that have guided the profession for de…
Boris Johnson has, once again, argued that money saved in fees to the EU can be used to fund better healthcare in Britain. His argument assumes the government is run like a household budget, ignoring…
Migration is often blamed for unemployment. The fear that there are too many migrants stealing jobs has almost certainly helped with the rise of UKIP and the election of President Trump. But is there…
The collapse of Carillion is down to poor management but, as Phil Dobbie discusses with Prof Steve Keen, it’s also down to a company that took risks because it was raking in so much money from the pu…
We rely on GDP to measure the wealth of a country and it’s rate of growth, but is it the most meaningful measure? Phil Dobbie asks Prof Steve Keen whether it’s an accurate measure of happiness, for e…
The Austrian School of Economics has been around since the 1870s, when Carl Menger wrote the Principles of Economics. They were a response to the conventional economic thought that prevails today. Ph…
President Trump is convinced that the high corporate tax rate in the US is damaging the prospects for domestic business and encouraging companies to hold their profits offshore. So will his plan to r…
We often hear arguments that releasing land to foreign ownership is “selling the farm”. Similarly, foreign owned companies repatriate their profits rather than keeping profits within the local econom…
Professor Steve Keen has often spoken of the need for a debt jubilee. If households can write off their ever expanding, mortgage driven, debt, then we reduce the risk of asset bubbles and consumer sp…
The UK government announced an industrial strategy this week to tackle the problem of weak productivity growth. Yet, as Prof Steve Keen discusses with Phil Dobbie, the issue isn’t one of investment, …
The UK’s Chancellor of the Exchequer has a plan to make housing in the UK more affordable. Sadly, it won’t work. His idea of cutting stamp duty for first home buyers on the first £300,000 of their ha…
In her book ‘Capitalism’s Toxic Assumption’ Eve Poole suggests competition can other be more destructive rather than a positive contributor to the economy. In this edition of The Debunking Economics …
Ever considered that the reason nobody has come up with an answer to how the EU border with Northern Ireland will work, is because there isn’t one. And that’s really bad news for the Republic of Irel…
Currencies fluctuate so much that there’s a lot of money being made betting on their movements. But isn’t that bad for an economy, creating uncertainty in prices for exports and imports? David, a Deb…
00:22:38 |
Fri 10 Nov 2017
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