Debunking Economics - the podcast

By Steve Keen & Phil Dobbie

Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.

Hosted on Acast. See

... more

4.1

3939 ratings

Download on the App Store

Download on the App Store

Get it on Google Play

FAQs about Debunking Economics - the podcast:

How many episodes does Debunking Economics - the podcast have?

The podcast currently has 598 episodes available.

Debunking Economics - the podcast episodes:

August 27, 2020 Can MMT solve to the COVID-19 debt problem?
Governments the world over are spending like crazy to try and steer their economies through the COVID-19 crisis. Whether it’s the fiscal policies of the government or the monetary policies of the central bank, it all still revolves around using money that wasn’t around a few months ago. So how much of what is happening is described by Modern Monetary Theory – and how much more could be done if we accepted that MMT is the way things should really work. And do central banks, or treasurers really understand it? Phil Dobbie asks Prof Steve Keen whether MMT can solve the COVID-19 debt problem?
Hosted on Acast. See acast.com/privacy for more information.
...more
40min
August 18, 2020 The Cost of COVID Cocooning
We’re travelling less, staying away from the office, and spending more time at home. In the short term, it seems, those who still have money are spending a slug of it doing up their house, or moving to a bigger one, with outdoor space. House prices in the UK are growing much faster in Scotland, Wales and regional England than they are in London, for example. So, will escalating house prices be one of the consequences of COVID cocooning – and does that make the economic impact of the virus even worse than it is already? Questions Phil Dobbie puts to Prof Steve Keen in this week’s Debunking Economics podcast.
Hosted on Acast. See acast.com/privacy for more information.
...more
34min
August 14, 2020 Are we finally heading for a United States of Europe?
The agreement by EU members to issue grants and loans to member states suffering the most from COVID-19 was a turning point for the union. Whilst US politics sees continued bickering on the size and form of a stimulus package, across the Atlantic a diverse range of countries have come together to agree a way forward. Is this a major turning point for the EU. Come we see fiscal and monetary union that could pave the way for the United States of Europe? It’s a question Phil Dobbie puts to Steve Keen in this week’s Debunking Economics podcast.
Hosted on Acast. See acast.com/privacy for more information.
...more
30min
August 06, 2020 Should we really close the door to labour mobility?
The UK’s Home Secretary Priti Patel has revealed the government’s plan to curb migration to the UK, with a universal points system. It’s going to be hard for anyone to migrate to Britain without a job lined up that pays over £25k. Phil Dobbie asks Steve Keen whether it’s a good thing to set a minimum wage for migrants. After all, having we been exploiting workers, paying too little for jobs the locals aren’t prepared to do? Or do these low paid jobs impact the rate of pay for all workers, whatever they do for a living?
Hosted on Acast. See acast.com/privacy for more information.
...more
35min
July 30, 2020 Meanwhile, there’s still a climate crisis
Remember climate change? Believe it or to, even with COVID-19 dominating our consciousness, the environment is still a thing. A new report by NGFS - a voluntary group of central bankers concerned about the environment – reckons the world’s global GDP could fall by 25 percent by 2100 if we do not do more to reduce greenhouse gas emissions. Whilst their intent might be right, Steve Keen is concerned that their modelling is wrong. Like most of the economics profession there is no application of systems thinking. Models are too simplistic, ignore tipping points and assume a closed system that doesn’t account for vital external variables. He says the worst of humanity is dragging us into a crisis, exploiting the worst of human behaviour – that we don’t think it will personally affect us.
Hosted on Acast. See acast.com/privacy for more information.
...more
44min
July 21, 2020 Good tax, bad tax
Income tax, sales tax, council tax, car tax, capital gains tax, inheritance tax – there’s just so much tax! This week Phil Dobbie talks to Prof Steve Keen about the whole idea of taxation. For many it’s simply a form of revenue raising for governments, but once you accept that governments can create their own money in their own currency, the role of taxation changes. This week we look at the role tax plays in minimising income disparity, and the importance it should play in Boris Johnson’s quest to ‘level up’ the economy. And thanks to Ed Twohig for suggesting the topic.
Hosted on Acast. See acast.com/privacy for more information.
...more
11min
July 16, 2020 The China crisis: are we being hypocritical trading with China?
The world has become dependent on trade with China, so much so that . We’ve become so we’ve been prepared to overlook human rights violations. But is that about to change? President Trump has managed to convince world leaders to ditch Huawei from their telecoms networks on fears that their equipment could be snooping on us. But, could it also be that Huawei makes twice as much money as the US’s Cisco, the world’s next biggest telecommunications equipment provider? In this week’s podcast Phil Dobbie asks Prof Steve Keen whether the world can do without China, and are hypocritical trading with them if we believe their behaviour is that bad?
Hosted on Acast. See acast.com/privacy for more information.
...more
13min
July 10, 2020 Levelling up - can Boris really bridge regional diversity?
Boris Johnson has talked frequently about levelling up the UK economy – bringing the wealth of the more deprived areas so they are closer to the wealth of the more affluent areas, without the affluent folks having to pay for it. This week, Phil Dobbie asks Steve Keen whether that’s possible, or do you have to level down – take some of the wealth from the high earners to distribute to the more deprived regions? They discuss growth poles, carrot and stick measures and the importance of minimum wage and local council funding. The answer for Boris is in this podcast, let’s hope Dominic gives it a listen.
Hosted on Acast. See acast.com/privacy for more information.
...more
33min
June 29, 2020 211. Will money printing pay for the COVID-19 debt? (preview)
Inevitably, as governments spend more and more money to help their economies navigate through the COVID-19 crisis, the questions inevitably being asked is, how will all this be paid for? The assumption is, either governments will have to cut back on spending, or taxes will have to be increased. Few economists or politicians suggest that the debt is never repaid. In this edition of the Debunking Economics podcast Phil Dobie talks with Prof Steve Keen about how central banks, like the Bank of England, are creating money to cover this extra spending. Isn’t there a danger that if it gets out of hand we’ll end up like Zimbabwe, or Germany after the first world war? Once a central bank has created money to cover government debt, can it ever really be wound back?
To hear the full version subscribe by picking a plan in the right column of the Debunking Economics website (not the mobile app). Or become a supporter at https://www.patreon.com/ProfSteveKeen
...more
11min
June 29, 2020 Will money printing pay for the COVID-19 debt?
Inevitably, as governments spend more and more money to help their economies navigate through the COVID-19 crisis, the questions inevitably being asked is, how will all this be paid for? The assumption is, either governments will have to cut back on spending, or taxes will have to be increased. Few economists or politicians suggest that the debt is never repaid. In this edition of the Debunking Economics podcast Phil Dobie talks with Prof Steve Keen about how central banks, like the Bank of England, are creating money to cover this extra spending. Isn’t there a danger that if it gets out of hand we’ll end up like Zimbabwe, or Germany after the first world war? Once a central bank has created money to cover government debt, can it ever really be wound back?
Hosted on Acast. See acast.com/privacy for more information.
...more
40min

FAQs about Debunking Economics - the podcast:

How many episodes does Debunking Economics - the podcast have?

The podcast currently has 598 episodes available.

More shows like Debunking Economics - the podcast

LSE: Public lectures and events by London School of Economics and Political Science

LSE: Public lectures and events

267 Listeners

Jacobin Radio by Jacobin

Jacobin Radio

1,399 Listeners

Novara Media by Novara Media

Novara Media

163 Listeners

Economic Update with Richard D. Wolff by Democracy at Work - Richard D. Wolff

Economic Update with Richard D. Wolff

1,945 Listeners

Macro Musings with David Beckworth by Mercatus Center at George Mason University

Macro Musings with David Beckworth

376 Listeners

Politics Theory Other by Politics Theory Other

Politics Theory Other

154 Listeners

Pitchfork Economics with Nick Hanauer by Civic Ventures

Pitchfork Economics with Nick Hanauer

1,483 Listeners

Economics Explained by Economics Explained

Economics Explained

145 Listeners

Planet: Critical by Rachel Donald

Planet: Critical

86 Listeners

Ones and Tooze by Foreign Policy

Ones and Tooze

339 Listeners

The Great Simplification with Nate Hagens by Nate Hagens

The Great Simplification with Nate Hagens

385 Listeners

Geopolitical Economy Report by Ben Norton

Geopolitical Economy Report

283 Listeners

The Why? Curve by Phil Dobbie

The Why? Curve

1 Listeners

Macrodose by Planet B Productions

Macrodose

26 Listeners

The Economics Show by Financial Times

The Economics Show

96 Listeners