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 misinterpreting his theori...
21 Des 202230min
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 thinking in ec...
14 Des 202240min
Irving Fisher and Debt Deflation
Irving Fisher was an American economist whose book The Purchasing Power of Money looked at the relationship between money supply and price levels. In fact, to many he is seen as the father of monetari...
7 Des 202241min
The Debt Myth
How widespread is the idea that one person's debt is another person's credit and therefore has no impact on the economy. What are the implications of this thinking and what changes when the realisatio...
30 Nov 202239min
What would Keynes do now?
His answer to Great depression was that we should spend our way out. But now we have rampant inflation because people are spending too much. What would Keynes do now if he was presented with the chall...
23 Nov 202237min
A long way from a Minsky moment
During the last big financial crisis there was a lot of talk about the work of Hyman Minsky. Even Janet Yellen, at the time the chair of the San Francisco Fed, said there were a lot of lessons in his ...
16 Nov 202239min
Will more realistic pricing of energy and pollution save the planet?
In a recent podcast Steve Keen claimed that the law of thermodynamics dictates that we can no longer extend economic growth whilst looking for efficiencies in our use of energy. This week Phil questio...
9 Nov 202240min
Private or public – getting the balance right
Last week on the Debunking Economics podcast Phil and Steve talked about the likely imposition of Austerity 2.0 around the world, in particular in the UK. Steve said there’s really no need for it. Thi...
2 Nov 202238min
