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
Capitalism without capital accumulation
There are two drivers for capitalism – the desire to consume and the desire to accumulate. Whilst the first is as strong as ever, the rising price of assets is making it harder to accumulate. So does…
00:14:51 |
Mon 06 Nov 2017
Is the Bank of England nuts?
Has the Bank of England lost the plot? They have lifted interest rates as though the economy was booming. Yet, just two weeks ago the Financial Conduct Authority reported that many would struggle to …
00:18:22 |
Thu 02 Nov 2017
DSGE Models Debunked
Dynamic, stochastic general equilibrium (DSGE) models are used by monetary policy analysts the world over. But, in this edition of the Debunking Economists podcasts, Prof. Steve Keen suggests to Phil…
00:53:51 |
Tue 31 Oct 2017
Who controls the money supply?
It seems common sense that we should keep a handle on the amount of money in circulation. Central banks, curiously, think they do. But, as Professor Steve Keen explains to Phil Dobbie in this edition…
00:35:01 |
Tue 24 Oct 2017
Would a United States of Europe work, economically speaking?
Can centralised monetary policy work in federated states? The grand plan for the EU was to create a United States of Europe – a phrase coined by Sir Winston Churchill directly after the Second World …
00:25:17 |
Thu 19 Oct 2017
Will Corbynism lead to Venezuelan style socialism?
At their party conference last week the Tories were united on one thing – a Corbyn government would lead to Venezuelan style socialism. Free market thinking is the right and proper way to prosper. In…
00:37:32 |
Tue 10 Oct 2017
What should Trump do about China?
Earlier this year President Trump was complaining that China was guilty of currency manipulation. Cheap prices were giving the Chinese a competitive advantage, evidenced by a trade balance between th…
00:26:48 |
Tue 03 Oct 2017
Inflation – is it making a comeback?
UK inflation is now at 2.9% - the highest it’s been in five years – and well above the 2% target that the Bank of England has set for itself. It means we can expect an interest rate rise in the very …
00:29:38 |
Tue 26 Sep 2017
Does QE help the poor as well as the rich?
The US Federal Reserve is getting rid of it, the European Central Bank has talked about it and could go next. Quantitative Easing, it seems, is falling out of favour. But was it doing any good any wa…
00:18:39 |
Thu 21 Sep 2017
The Crisis Ten Years On
It’s 10 years since the start of the global financial crisis, when the UK saw a run on the Northern Rock Building Society. A year letter the contagion spread, with banks falling like flies on both si…
00:23:54 |
Fri 15 Sep 2017
Should We Care About Exec Pay?
The UK Prime Minister has made noises about reining-in executive pay. Phil Dobbie asks Professor Steve Keen whether high executive salaries are really such a problem. If somebody can demand such a hi…
00:33:51 |
Sun 10 Sep 2017
Fixing the Retirement Crisis
Funding retirement seems to be a global issue. Individual pensions often fall short of the required amount and governments struggle so much with the liability of future pension costs that they keep p…
00:18:49 |
Wed 06 Sep 2017
Bitcoin and the Future of Money
Bitcoin was an interesting development in the history of money – a currency created from an algorithm. In this edition of the Debunking Economics podcast Professor Steve Keen explains to Phil Dobbie …
00:28:54 |
Wed 30 Aug 2017
Will cheaper energy drive growth?
In previous podcasts Professor Steve Keen has said the availability of energy is the key driver of growth. It fuelled the industrial revolution and inhibits growth in societies without sufficient acc…
00:28:32 |
Thu 17 Aug 2017
The Perils of Population Growth
Do we need population growth to enjoy economic growth? Phil Dobbie puts the question to Professor Steve Keen, who argues it’s not necessary and it’s a misnomer that cannot be sustained. Yet many coun…
00:27:43 |
Mon 14 Aug 2017
Is Economics a Science? Really?
There’s an argument that economics can never be science because it involves the behaviour of humans. You can’t apply empirical rules in the way you do with physical sciences. In this episode of the D…
00:28:16 |
Tue 08 Aug 2017
Laissez Faire Go Mate
Australians talk of giving everyone a fair go. But it has different meanings for different people. For some, it implies freeing up the ability for people to get on with making a dollar without govern…
00:29:04 |
Tue 01 Aug 2017
So, what is Post Keynesian economics anyway?
Most of us tend to have a vague notion of what Keynes stood for. Why, even neo-classic economists seem to be using his theories to rescue the economy from the ravages of the global financial crisis. …
00:23:29 |
Tue 25 Jul 2017
Have women made life more expensive?
Okay, this is a deliberately provocative title, but it relates to how the increase in two income households hasn’t necessarily made us better off. Hasn’t it simply reduced real wages and increased as…
00:25:52 |
Mon 17 Jul 2017
Why we shouldn't worry (too much) about government debt
Governments everywhere are preoccupied with keeping their spending under control. We are conditioned into thinking about the massive levels of interest being paid on the money that our governments ow…
00:32:11 |
Tue 11 Jul 2017
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