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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How does liquidity impact the economy?
February 01, 2023x
306
44:1335.49 MB

How does liquidity impact the economy?

For most of us liquidity is an easy concept to understand. Have we got enough cash to pay our bills? For small businesses it is a simple case of managing your cashflow and ensuring your c...

An end to capitalism?
January 25, 2023x
305
35:5228.8 MB

An end to capitalism?

It would be a bold prediction to say that capitalism is on the way out. Nor should it be. It has provided growth and innovation for the global economy, but has it become too laissez faire...

Opportunity Cost and MMT
January 18, 2023x
304
40:5432.76 MB

Opportunity Cost and MMT

Conventional economics is built around the idea of opportunity cost. If there is a limited resource a decision has to be made about how best to use it. How is that principle applied when ...

2023 and all that
January 11, 2023x
303
40:0932.22 MB

2023 and all that

After a disastrous couple of years, can things get any worse in 2023? Steve Keen and Phil Dobbie look ahead and actually find some positive take-outs from the precarious situation we find...

Piero Sraffa and the non-existent supply curve
January 02, 2023x
302
40:5532.84 MB

Piero Sraffa and the non-existent supply curve

Most people think economics can be summarised in just two words – supply and demand. Where they cross that determines price and as they move the price moves. But what if the supply curve ...

Joseph Schumpeter and creative destruction
December 28, 2022x
301
34:5328.01 MB

Joseph Schumpeter and creative destruction

This week, another economist that has influenced Steve Keen’s thinking; the Austrian born economist Joseph Schumpeter. His economic thinking veers a long way from the traditional Austrian...

Bill Phillips & His Curve
December 21, 2022x
300
30:0424.14 MB

Bill Phillips & His Curve

Bill Phillips, rightly or wrongly, has a lot to answer for, because his work is drawn on by central banks when trying to determine the likely rate of inflation. But are they misinterpreti...

Richard Goodwin and non-linear thinking
December 14, 2022x
299
40:3932.62 MB

Richard Goodwin and non-linear thinking

We continue our series looking at economists who influenced Steve Keens thinking. This week it’s American economists Richard Goodwin, who Steve says is the chief proponent of non-linear t...