Does fiscal stimulus work? What about Friedman’s argument of nominal value?
Today Phil Dobbie talks to Prof Steve Keen about Milton Friedman’s concept of nominal value ,and how this runs counter to the argument that governments can create money to give the economy a sugar hit...
3 Feb 202033min
Davos does diddly-squat
The world leaders met at Davos and discussed climate change. Greta Thunberg told them they weren’t doing enough, even though the President of the United States promised to plant some more trees and wa...
28 Jan 202037min
Is the share market killing innovation?
US equities, in fact shares around the world, seem to be running away with themselves right now. Is this healthy? And who wins, other than the investors who sell before the price tops out? This week P...
20 Jan 202041min
Does the UK economy need the royals?
Who’d have thought it – Steve Keen and Phil Dobbie turn out to be a couple of royalists. As Harry and Megan prepare to chuff off to Canada, and royal-watchers have been decrying the whole thing as one...
15 Jan 202026min
Steve Keen’s Predictions for 2020
2019 was quite a year. We had the ongoing Brexit saga, the US China trade war, Europe close to recession and a big housing downturn in Australia. It was capped off with some of the worst bushfires eve...
6 Jan 202034min
Five Big Myths of Classical Economics
It’s taken us a few years to tackle the obvious topic for the Debunking Economics podcast, what are the biggest failings of neoclassical economics. Prof Steve Keen tells Phil Dobbie that it starts on ...
23 Des 201938min
The Opportunity Cost Fallacy
It’s one of the basic constructs of classical economics – the concept of the opportunity cost. Steve Keen admits it works at the individual level – you are listening to this podcast at the expense of ...
16 Des 201927min
Business cycles – what causes them?
In this edition of the Debunking Economics Podcast Phil Dobbie and Steve Keen discuss business cycles. What causes them and how can we reduce their impact. As Steve explains, neo-classical economics t...
11 Des 201932min
