Could the Euro be the world’s reserve currency?
A few weeks back Jean Claude Juncker suggested that the Euro should be established as a reserve currency to challenge the reliance on the US dollar. In this podcast, Phil Dobbie asks Prof Steve Keen i...
20 Okt 201831min
Announcing the Nobble Prize in Economics
Today William D Nordhaus and Paul Romer were announced as joint winners of the Noble Prize for Economic Science. Yes, science! Neither would qualify for the profession's newest award, to be launched n...
10 Okt 201833min
The inefficiency of inequality
It’s often argued, by politicians and business owners, that higher wages cut into company profits, which is bad for the economy. Yet, lower wages cuts spending, and that’s worse for the economy. In th...
5 Okt 201833min
Labour mobility – do we need more or less?
One of the reasons people voted for Brexit was to “take control of our borders”. Around the world, western leaders are echoing a similar message. It seems migrants are viewed more as a drain on resour...
18 Sep 201825min
Are the Kiwis right to ban foreign home buyers?
A new law in New Zealand prevents foreign buyers from acquiring homes in there. It’s a response to rising house prices which, the government claims, is being driven by New Zealanders being outbid by p...
17 Sep 201834min
Does a flattening yield curve mean a US recession is on the way?
The spread of yield between short and long term US Treasuries is narrowing. It could even invert, meaning the yield is higher on short term Treasuries than long dated ones. This is precisely what happ...
11 Sep 201830min
The hypotheticals of Robinson Crusoenomics
Robinson Crusoe lives on a desert island with Man Friday. There’s no need for money. But then Woman Saturday comes along, selling goods that both men want to acquire, and they devise the concept of mo...
30 Aug 201833min
Trump – good or bad for America?
He is running the only country in the G7 to see economic growth accelerate right now. His followers support him however much mud is slung his way. World leaders seem to be know towing to his demands f...
23 Aug 201830min
