Debunking Economics - the podcast
Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.
Hosted on Acast. See acast.com/privacy for more information.
- Update frequency
- every 7 days
- Average duration
- 34 minutes
- Episodes
- 471
- Years Active
- 2016 - 2025
Does human behaviour render all economic models useless?
Economists like to believe human behaviour is predictable. Otherwise, they probably wouldn’t have a job. Steve Keen argue that we do tend to behave like the rest of the herd, but how many herds are t…
00:44:13 |
Wed 04 Oct 2023
Liz Truss Deciphered
Liz Truss is back. She kept a fairly low profile after very short tenure as the UK Prime Minister, but popped up again for a speech at the Institute for Government, arguing that she was right about s…
00:42:05 |
Wed 27 Sep 2023
Better the dollar you know?
The US dollar is creating real problems right now. Speculators are buying it up as US Treasuries (bonds) offer higher yields at lower prices than other forms of sovereign debt. US shares are also pro…
00:47:38 |
Wed 20 Sep 2023
A zero growth economy – how bad would it get?
There’s a vain hope in investment circles, and amongst politicians, that we can still enjoy economic growth on the road to NetZero. There are those who believe that we can decouple our economic growt…
00:42:16 |
Wed 13 Sep 2023
Should we all earn less?
Are we earning too much? Many of us are now spending less than we earn on day-to-day consumption items We’re putting our excess income into our future earnings, through our pension funds, who use a c…
00:42:01 |
Wed 06 Sep 2023
Trump’s Ring Around the Collar
If he managed to stay out of gaol and makes it to the White House, Donald Trump has proposed a flat 10% tariff on all goods coming into America. He’s called it the Ring Around the Collar of America –…
00:44:09 |
Wed 30 Aug 2023
How the finance sector is underestimating the risk on climate
Recently Steve was commissioned to write a report for Carbon Tracker, an independent think tank offering in-depth analysis of the impact of climate change and energy transition on the finance industr…
00:44:59 |
Wed 23 Aug 2023
BRICs wouldn’t be silly enough to develop a gold-backed currency would they?
There has been lots of speculation about BRICs countries working to develop a new trading currency, to enable trade without the reliance on the US dollar. There’s also talk that maybe this new curren…
00:32:39 |
Wed 16 Aug 2023
Did we experience a Pandemic-style People’s QE?
QE was big news before the pandemic. Then, as governments issued bailouts to keep us at home, central banks went into overdrive, buying up the mushrooming bond issuance from government. In some ways,…
00:34:50 |
Wed 09 Aug 2023
Who wins from high house prices. Other than banks?
Phil and Steve return to the well-worn path of talking about house prices. Why? Because, despite the downturn during the pandemic, followed by sharp rises in interest rates by central banks around th…
00:34:42 |
Wed 02 Aug 2023
Has Brexit stymied the UK recovery?
The UK is recovering slower than just about anyone from the pandemic. The UK’s GDP is flat compared to where it was four years ago, whereas most countries have recovered from the pandemic, and then s…
00:41:50 |
Wed 26 Jul 2023
Whatever happened to levelling up?
One of the biggest problems Britain faces is that so much of the wealth is concentrated in the southeast. And it only seems to be getting worse. The country has shifted from a Prime Minister who prom…
00:34:26 |
Wed 19 Jul 2023
Productivity gains in Britain – a vain hope?
The UK Chancellor and the Bank of England Governor have called for increases in productivity as a way of helping to brig down inflation. So, not only should workers expect wages to fall in real terms…
00:34:32 |
Wed 12 Jul 2023
Another financial crisis that we all end up paying for
We last had a financial crisis in 2008 (ignoring the pandemic years), and if we’re not in another crisis now, we’re well on the way to it, with mortgages rising, taxes increasing and the price of eve…
00:34:58 |
Wed 05 Jul 2023
The Bank of England’s totally wrong response
The UK economy is ready for a major downturn. In part it’s down to supply chain difficulties, thanks to COVID, the war, the great resignation, sickness and, let’s not forget, Brexit. Originally centr…
00:37:06 |
Wed 28 Jun 2023
What can we learn from China?
If we ignore the flagrant human rights abuses, there’s a lot to admire about China. There economy has grown at an incredibly rate whilst the West has been stagnating. So, what’s their secret? Phil qu…
00:38:25 |
Wed 21 Jun 2023
The generation game. Who wins?
Older Brits will be familiar with Bruce Forsythe’s Generation. Today everyone is playing the Generation Game, but the young are the one’s losing out. They are steeped in debt and faced with the prosp…
00:34:27 |
Wed 14 Jun 2023
What if we paid a realistic price for energy?
We know we don’t pay a fair price for energy. Energy companies are making a mint because they extract the energy without worrying about most of the externalities – like the impact they are having on …
00:33:02 |
Wed 07 Jun 2023
Planning for retirement, who pays?
There is about £2.5 - 3 trillion of assets in UK private pension schemes. Through the tax system we are heavily incentivised to put money into our pension plans. So, what’s wrong with that? That mone…
00:39:50 |
Wed 31 May 2023
Positive Money’s Economic Plan
Part of the problem with the global economy is that nobody has a plan, except perhaps the Chinese Communist Party. Elsewhere politicians lurch from one crisis to another, and any long-term planning i…
00:38:47 |
Wed 24 May 2023
Disclaimer: The podcast and artwork embedded on this page are the property of Steve Keen & Phil Dobbie. This content is not affiliated with or endorsed by eachpod.com.