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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Reviews:
Two parties obsessed with government debt
June 12, 202436:01

Two parties obsessed with government debt

Imagine if Keir Starmer, the UK Labour leader, had said, let’s not get too obsessed with government debt. If we go down that road we won‘t be able to provide the public services we need, our infrastructure will crumble further and we’ll simply see the country’s productivity erode further by the day. Unfortunate...

Rising margins, higher inflation, lower wages. No wonder you feel worse off.
June 05, 202443:04

Rising margins, higher inflation, lower wages. No wonder you feel worse off.

There’s been a debate brewing post-pandemic about how much inflation has been elevated by companies increasing their margins. The evidence of that is the increased profits, not just in the tech sector, which has helped increase the share prices of these companies, evidenced by record levels across the US share...

Productivity – the election winner that Rishi Sunak failed on
May 29, 202442:34

Productivity – the election winner that Rishi Sunak failed on

The UK is heading to the polls on July 4th and the Conservative Party is heading for annihilation. Yet, when it comes to espousing sensible ideas from textbooks, Rishi Sunak had the making of a good Prime Minister. For example, tackling productivity by building the necessary infrastructure, investing in educati...

Trump's plan. Same old same old, only more so.
May 22, 202429:57

Trump's plan. Same old same old, only more so.

Steve is on hols this week, so Phil takes a look back at a couple of Debunking Economics podcasts from just before Donald Trump took office. In many ways he stuck to his promises. He tried to cut immigration, he introduced protectionism with hefty tariffs on China and he cut taxes. Now he’s promising more of t...