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
- 471
- Years Active
- 2016 - 2025
Challenging American Exceptionalism
The concept of American Exceptionalism has been talked about for decades, mainly by Americans. Now the term is back in vogue because the US has shown the fastest recovery from the pandemic and subseq…
00:39:00 |
Wed 21 Feb 2024
Economic growth without more money?
Rishi Sunak, like most politicians, is adamant that he can grow the economy by getting businesses to be more productive. But can businesses really grow the economy by themselves, if the government ju…
00:44:13 |
Wed 14 Feb 2024
Banking on destruction
Have central banks waited too long before dropping interest rates. Over the last week or so we’ve had Jerome Powell, the Governor of the Fed, saying inflation is coming down but they want to see more…
00:36:55 |
Wed 07 Feb 2024
Yanis Varoufakis on Technofeudalism
Yanis Varoufakis joins Steve nd Phil this week to talk about the thinking behind his new book technofeudalism. The ‘cloudists, as he calls them, aren’t operating in the market, they have replaced the…
00:54:30 |
Wed 31 Jan 2024
Time to ditch entrenched lengthy, risky supply chains
If Trump has one sensible policy its his drive to reindustrialise America. Since he left the Oval Office we’ve had global supply chains challenged by the pandemic, wars and a downturn in economies we…
00:38:56 |
Wed 24 Jan 2024
Does corporate debt kill opportunity?
Is it right that the growth opportunities of businesses are determined by the vagaries of the finance markets. Companies wanting to raise debt through bonds or bank loans face higher costs right now …
00:40:29 |
Wed 17 Jan 2024
Private equity funds – capitalists or leeches?
As you’ll hear at the start of this week’s podcast Warren Buffet isn’t a big fan of private equity firms. He says they lie, so they are not a good choice for investors, like pension funds, for exampl…
00:32:24 |
Wed 10 Jan 2024
Coughing up for the young doctors
The UK government has been refusing the pay demands of young doctors in the UK who held a series of strikes in 2023. Their argument is that pay has been declining in real-terms since 2008. Unless pay…
00:31:34 |
Wed 03 Jan 2024
Books for the Holidays
Our podcast listeners often ask which economics books they should read to get up to speed on some of the discussions we have, and to understand more about the way the economy really works. This week,…
00:33:56 |
Wed 27 Dec 2023
Should we fix central bank interest rates?
Central banks assume there is a natural rate of interest – a point of equilibrium at which the demand for loans matches the supply of loans. They believe if interest rates have been too low, they ris…
00:42:26 |
Wed 20 Dec 2023
Keir’s Thatcher love-in
Keir Starmer will be the UK’s next Prime Minister. Few things in life are more certain. So why did he see the need to write an opinion piece for the Telegraph extolling the virtues of Margaret Thatch…
00:44:05 |
Wed 13 Dec 2023
Does Argentina need a central bank?
In his election pledges President-Elect Javier Milei promised the people of Argentina two things. First, he would do dollarize the economy. He’d ditch the Peso and replace it with the, already widely…
00:48:39 |
Wed 06 Dec 2023
Too many people?
Last year net migration in the UK reached 745,000 people. A new record, which amount to more than 1% growth in the population. It’s an unsustainable population growth but Steve Keen argues growth on …
00:40:46 |
Wed 29 Nov 2023
The temerity of austerity
George Osbourne was the UK Chancellor wedded to austerity. “More cuts, more difficult decisions” he said at the start of 2014, as he struggled to get the British budget back into surplus. But regular…
00:40:01 |
Wed 22 Nov 2023
Never too big to fail us
Last Wednesday Optus phone, mobile and internet users in Australia went without and sort of service for a full working day, starting from about 4 in the morning. At he same time, Thames Water in Surr…
00:46:57 |
Wed 15 Nov 2023
AI – overhyped or capable of great things?
Everyone is talking about AI right now. Rishi Sunak’s new best friend is Elon Musk, who has been over in Britain to talk about it and the danger it presents. ‘Civilization destruction’ is how he desc…
00:45:51 |
Wed 08 Nov 2023
Does Andreessen need a dose of techno realism?
Marc Andreessen is the brains behind the Mosaic web browser, that paved the way for the web interfaces that made the Internet useable. He’s, quite rightly, a billionaire. You could even say he has de…
00:40:01 |
Wed 01 Nov 2023
Corporate Bullsh*t and what it’s doing to us
Entrepreneur Nick Hanauer says he is one of the richest 0.1% of people, but he’s a defender of the people. That’s why he’s exposed the lies we are fed in his latest book ‘Corporate bullshit - exposin…
00:45:01 |
Wed 25 Oct 2023
Why are some countries poor?
A simple challenge on the podcast this week – how do you fix world poverty? When he was President of the World Bank Jim Yong Kim set a target of ending world poverty by 2030. In 2019 just 8.4 percent…
00:42:54 |
Wed 18 Oct 2023
Stand, but don’t deliver
Rishi Sunak is seemingly proud to have cancelled the only real nation building project Britain has had for decades. Instead, the money will be spent on sticking-plaster solutions to existing infrastr…
00:40:50 |
Wed 11 Oct 2023
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