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
Four ideas for the G20
The G20 is meeting in Berlin right now. With expectations of any constructive outcomes set to low, maybe there’s a better way forward. In this edition of the Debunking Economics podcast Phil Dobbie a…
00:19:33 |
Fri 07 Jul 2017
We’ve got it all wrong on the role of tax
In this edition Prof Steve Keen explains to Phil Dobbie how tax levels are really more to do with the government controlling the level of inflation in the economy and less to do with raising revenue …
00:25:10 |
Tue 04 Jul 2017
Central banks ignore credit at our peril
The world’s Central Bankers have been meeting up in Portugal this week and seem to have colluded on the idea of raising interest rates sometime soon. It looks like the UK, Europe and Canada are in on…
00:17:40 |
Fri 30 Jun 2017
Adjusting to the rise of the machines
Automation, it seems, is taking its toll. For example, based on its turnover Amazon employs less than half the staff levels of the broader retail sector – and they are driving efficiency gains all th…
00:27:12 |
Mon 26 Jun 2017
A Greek Tragedy Brought To You By the EU
The EU and IMF have just bailed out Greece again, so it can avoid defaulting on the interest payments for its 300 billion Euro debt. The lenders will receive their payments, whilst Greece continues t…
00:20:58 |
Tue 20 Jun 2017
Would Corbyn Take Us Back to the Seventies Crisis?
It’s the catch cry for those who like to spread fear – Corbyn in power would take Britain back to the 1970s, when Britain experienced runaway inflation, the three day week, class hatred and soviet st…
00:35:57 |
Tue 13 Jun 2017
Why salaries are going nowhere
In the UK salaries are now rising slower than inflation – which means living standards are going backwards. Around the world salaries seem to have stagnated, even though unemployment is low. Conventi…
00:25:16 |
Tue 06 Jun 2017
Aussie House Prices Are Ready to Crash
Professor Steve Keen has predicted a house price crash in Australia before, but this time he is more certain than ever. Even the Reserve Bank of Australia has been flagging concerns about the country…
00:30:12 |
Thu 01 Jun 2017
Is there any economic rationale in the UKIP Manifesto?
UKIP released its manifesto this week. It’s a glossy production with a range of arguments designed to appeal to the disenfranchised UK worker. But do they stack up economically? In this podcast Phil …
00:32:21 |
Fri 26 May 2017
The Irony of Interest Rates
Conventional neoclassic economics assumes the economy will always arrive at an equilibrium, yet central banks spend an inordinate amount of time speculating on when they should next move interest rat…
00:25:59 |
Tue 23 May 2017
Shadow Banks – are they a problem?
A Debunking Economics listener asked for a podcast on the role of Shadow Banks. In particular, he wanted to know if shadow banks create money in the same way as conventional banks. The quick answer i…
00:19:40 |
Wed 17 May 2017
Energy – the missing function of economics
Economists have always seen wealth as a function of capital and labour. In effect, people and machines create things which makes them money. But Steve Keen believes there’s a far more important consi…
00:30:29 |
Mon 08 May 2017
If shares had a use-by date.
Imagine if shares had a use by date. If you pass the shares issued by a company on to a secondary market, the clock starts ticking. What would that do to the valuation of shares – and why do we need …
00:22:38 |
Wed 03 May 2017
Should short selling be banned?
A big chunk of the trades that happen in shares are sold short. In other words, the trader takes a punt that the price will go down. In effect you sell something that you don’t own yet – like shares …
00:17:05 |
Mon 24 Apr 2017
Regional wealth diversity – how economics ignores the dimension of space
London and the southeast accounts for a third of the UK’s gross disposable household income. The rest of the country somehow scrapes by. But it’s clear to see why. The proximity to other businesses m…
00:23:54 |
Thu 20 Apr 2017
Does Modern Monetary Theory make sense?
Modern Monetary Theory states that’s, because the government of a country is the monopoly supplier of money, it has an unlimited capacity to pay for things and provide funds for other sectors. If the…
00:31:20 |
Mon 17 Apr 2017
Lies, damn lies and employment statistics
Figures out in the US last week showed the unemployment rate had dropped to just 4.5 percent, a long way from the 10% rate back in 2009. Yet Donald Trump won an election, in part, because he was ther…
00:19:27 |
Thu 13 Apr 2017
Do minimum wages reduce inequality?
Mark Perry, Professor of Economics and Finance at the University of Michigan, believes that raising the minimum wage will push costs up so high companies won’t be able to afford them. He wrote in his…
00:27:33 |
Mon 10 Apr 2017
The rising impact of the gig economy
Latest UK employment statistics show that more than half of the jobs added in the last year went to the self-employed. Part of this will be entrepreneurs forging their own path, but many will be peop…
00:16:57 |
Thu 06 Apr 2017
Can you have a free market for public goods?
It seems there’s a relentless desire to try and apply free market principles to public goods, like health, education, defence and research. Even though they usually operate in a monopolistic environm…
00:25:48 |
Mon 03 Apr 2017
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