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Debunking Economics - the podcast - Podcast

Debunking Economics - the podcast

 Steve Keen & Phil Dobbie

Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.

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Education Business Money Social Sciences Science
Update frequency
every 7 days
Average duration
34 minutes
Episodes
471
Years Active
2016 - 2025
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Can Europe be Draghi-ed out of stagnation?

Can Europe be Draghi-ed out of stagnation?

You’ll know the name Mario Draghi. He was the President of the European Central Bank and, for a short while, Prime Minister of Italy. Earlier this year he produced a report EU Competitiveness. It cal…
00:40:07  |   Wed 27 Nov 2024
Tariffic Trump

Tariffic Trump

At least half of America is elated with its new choice of President.  Money is already flowing into the country, with early gains on the NYSE and the dollar shooting higher in value. Tariffs will be …
00:40:08  |   Wed 20 Nov 2024
Milking inheritance

Milking inheritance

The UK Labour party seems top have scored another own goal, with their inheritance tax on family farms. Previously farms were exe pt from inheritance, but that meant wealthy landowners, with massive …
00:39:07  |   Wed 13 Nov 2024
The economics of irresponsibility

The economics of irresponsibility

The classical economic assumption, from the days of Adam Smith, is that we all have free will and this freedom ensures the best possible outcomes for the economy, provided those decisions are based o…
00:38:46  |   Wed 06 Nov 2024
Britain’s capex crisis and how to fix it

Britain’s capex crisis and how to fix it

Ever wondered why Britain’s roads are riddled with potholes, why the trains keep breaking down and why there aren’t enough hospital beds? Simple. Britain is not making enough capital investments. Tak…

00:45:31  |   Wed 30 Oct 2024
Co-ops change the game

Co-ops change the game

Steve Keen says he builds his economic model based on the motivation of three types of actors. First, the worker, who wants to maximise his or her wage. Then there’s the capitalist who wants to maxim…

00:31:49  |   Wed 23 Oct 2024
The cycles of the economy

The cycles of the economy

What causes an economy to fall from a peak? Many economists will argue it’s exogenous shocks but, as Phil and Steve discuss, there’s not too many of those around. Maybe COVID was one, but even that c…

00:36:31  |   Wed 16 Oct 2024
The War Dividend

The War Dividend

It’s a sad fact that war can pay. The US arms industry is one major beneficiary. The UK is a long way behind, but it also a big supplier of armaments to the world. If governments of the world upped t…
00:36:58  |   Wed 09 Oct 2024
Have marketers made Marx surplus to requirements?

Have marketers made Marx surplus to requirements?

Phil tells Steve that he’s always struggled with Karl Marx’s idea of surplus value. The idea that workers work for themselves, then a bit more to create the profit for a business. Phil says, that see…
00:36:26  |   Wed 02 Oct 2024
Why is the US economy doing so much better than Europe?

Why is the US economy doing so much better than Europe?

Europe and the US are both recovering from the same problem – COVID and the inflation that followed. But last week the Fed in the US dropped interest rates by half a percent, with markets expecting a…
00:35:53  |   Wed 25 Sep 2024
The Aggregate Problem

The Aggregate Problem

The UK’s unemployment rate is 4.1%, the inflation rate is growing at 3.1% and the economy is growing at 0.6% quarter on quarter. That’s how the economy is doing, what more do we need to know?


Well, it…

00:34:29  |   Wed 18 Sep 2024
We fought the pandemic and the war won

We fought the pandemic and the war won

The pandemic was the biggest economic disturbance since the second world war. In both cases supply chains were severely disrupted, either by German U-boats or, more recently, factories and borders cl…

00:36:59  |   Wed 11 Sep 2024
Disposable Jobs

Disposable Jobs

A couple of years ago, when warning of the need to fight inflation, Jerome Powell, Governor of the US Federal Reserve says interest rate would rise and jobs might disappear. Yet, interest rates have …
00:37:02  |   Wed 04 Sep 2024
The Old Age Liability

The Old Age Liability

Some call it the silver tsunami. The wave of old people putting pressure on government budgets. And, as baby boomers retire and young people produce less and less children, western populations will c…
00:39:13  |   Wed 28 Aug 2024
Could stubborn central banks drive us to debt deflation?

Could stubborn central banks drive us to debt deflation?

The last time interest rates were this high they came down rather fast. This time central bankers are determined to manage a slow unwind and deliver a return to growth without wreaking havoc on the e…
00:35:26  |   Wed 21 Aug 2024
It’s not complicated! Doyne Farmer on a Better Economics for a Better World

It’s not complicated! Doyne Farmer on a Better Economics for a Better World

Complex systems don’t have to be complicated to provided deep insights into the real world. That’s the view of Doyne Farmer, special guest on this week’s podcast. It’s an approach he shares to econom…
00:54:02  |   Wed 14 Aug 2024
Debt, savings and investments – how they really work

Debt, savings and investments – how they really work

It’s curious isn’t it how we talk about household savings, rather than net debt. Many people do have money squirreled away in savings accounts, for a rainy day. That rainy day comes when hey lose a j…
00:37:21  |   Wed 07 Aug 2024
Including energy in economic models. It doesn’t have to be that difficult.

Including energy in economic models. It doesn’t have to be that difficult.

So, if economics is all about the allocation of scarce resources, isn’t energy the most scarce resource? And yet its not really included in any economic models. We look at labour and capital as the d…
00:37:37  |   Wed 31 Jul 2024
Our obsession with ownership

Our obsession with ownership

We are obsessed with the need to own things, not least, our homes. But for younger people that is increasingly becoming a pipedream, unless they are lucky enough to gain a healthy inheritance. Even t…
00:39:25  |   Wed 24 Jul 2024
Too big for their boots? Are bigger companies slowing the economy.

Too big for their boots? Are bigger companies slowing the economy.

The global share market has always been dominated by the US, now we’re seeing a number share of very large tech companies claiming a larger slice of that pie. Even though they are trading with price …

00:37:02  |   Wed 17 Jul 2024
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