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
Is it time to revert to more state ownership?
It’s a question being asked more and more. How many of the things that we privatised should be brought back under state control, as energy companies record massive profits, yet those on low incomes a…
00:41:26 |
Thu 18 Aug 2022
Can the price mechanism fix everything?
On the Why Curve podcast last week, Phil (and Roger Hearing) spoke to Daniel Gros, Director of the Centre for European Policy Studies, who argued that the gas crisis in Europe will be largely resolve…
00:33:31 |
Mon 08 Aug 2022
Can you calm inflation and keep jobs?
Central banks are pushing up interest rates to slow down the rate of inflation. The principle is simple. Supplies are constrained and demand is high, so we’re being charged more for practically every…
00:36:21 |
Wed 03 Aug 2022
Electric cars – tinkering at the edge of a climate crisis
In the UK petrol cars emit 128g of CO2 per kilometre. In the US they drive bigger cars, for longer, so the carbon impact is that much greater. But cars, buses and motorcycles account for less than 10…
00:29:33 |
Wed 27 Jul 2022
Is the US dollar getting too big for its boots?
As inflation grows around the world the US dollar enjoying multi-decade highs. To an extent, that’s helping mitigate the impact of inflation in the US by dampening the rising cost of imports. Most ot…
00:35:37 |
Wed 20 Jul 2022
How fast can a magic money tree grow?
When British Prime Minister Theresa May said there was no magic money tree she was wrong. There is, but you still have to look after it. What happens if you take the money off the tree too quickly, a…
00:38:11 |
Mon 11 Jul 2022
How long before central banks realise they are making a big mistake?
Inflation is rising everywhere as supply chains hit prices in the shops and at the fuel bowsers. Central banks are responding to this the only way they know how – by pushing up interest rates. Phil D…
00:34:45 |
Mon 04 Jul 2022
Is globalisation a good thing, or a bad thing?
When COVID has gone and the war is over, will we return to the patterns of international trade we were enjoying just a few years ago? Steve Keen says not, which puts him in the camp of anti-globalist…
00:35:24 |
Tue 28 Jun 2022
Are there secret men running the world?
Conspiracy theorists are out there claiming that unelected representatives are holding power, using technology to control our behaviour. China has tried a bit of this social engineering, but there ar…
00:31:05 |
Mon 20 Jun 2022
Coming off the QE cool aid
Central banks the world over are busy lifting interest rates and, at the same time, engaging in quantitative tightening. In other words, all those bonds they bought up, will progressively be sold bac…
00:34:15 |
Mon 13 Jun 2022
The Tragedy of Misunderstanding the Commons
The Tragedy of the Commons is a concept developed by William Forster Lloyd one hundred and fifty years ago. The argument is that if you allowed everybody to graze their cattle on common ground, with …
00:26:30 |
Tue 07 Jun 2022
Is the Phillips Curve dead?
Central bankers and economists have often used the Phillips curve to determine the path of inflation. The problem is, they often get it wrong. No wonder then, that they question its validity when it …
00:32:42 |
Tue 31 May 2022
Can we beat stagflation?
Stagflation is that worrying combination of rises prices in a stagnant economy. Central banks believe the answer is to push up interest rates, to magically reduce inflation and miraculously demand re…
00:33:49 |
Mon 23 May 2022
Should oil companies pay a windfall tax?
BP made $12.8 billion profit last year, $4.1 billion on that in the fourth quarter. In the first three months of this year Shell’s profits reached $9.1 billion. Meanwhile pensioners and low-income fa…
00:32:02 |
Mon 16 May 2022
Can developed nations reindustrialize?
The supply chain disruption from COVID, and the imperialist ambitions of Vladimir Putin have demonstrated, more than ever, the need for nations – or at least neighbouring groups of friendly nations –…
00:37:48 |
Sat 07 May 2022
Just how sustainable are house prices?
Property expert Russell Quirk maintains that housing will always be a good investment and prices will, in the long run, always go up. Perhaps this year inflation will rise faster, so in real terms pr…
00:41:14 |
Mon 02 May 2022
What’s wrong with the rentiers?
The UK the Chancellor’s wife Akshata Murty was in the news a couple of weeks ago when it was revealed that she was claiming non-domicile status in the UK, so most of her income from her shareholding …
00:34:27 |
Wed 20 Apr 2022
Feedback loops kill the equilibrium fantasy
Economists like to think that there’s an equilibrium that the economy is either briefly moving away from or heading back to, and it’s all explained in those simple models we did at school. Those were…
00:38:57 |
Wed 13 Apr 2022
The inflation genie, can we bottle it?
The inflation genie is out of the bottle. Can we get it back in there before it does too much damage? Central banks are trying to tackle it by racing each other to put up interest rates, possibly to …
00:31:07 |
Wed 06 Apr 2022
Is it possible to avoid another fuel crisis?
Energy prices are going through the roof. They were before Ukraine erupted, but with Russia the world’s second biggest producer of natural gas, and Iran in third place, it seems we are destined to ge…
00:38:52 |
Tue 29 Mar 2022
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