Debunking Economics - the podcast

By: Steve Keen & Phil Dobbie
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  • Summary

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

    Hosted on Acast. See acast.com/privacy for more information.
    Copyright 2016 . All rights reserved.
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Economics Science Social Sciences
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Episodes
  • Why we are getting poorer (with Cahal Moran)

    Why we are getting poorer (with Cahal Moran)
    Apr 30 2025
    Why is it, that whilst there are an increasing number of billionaires on the planet, the rest of us are no better than we were decades ago? Young people can’t get on the housing ladder, there’s an increasing waiting list for health services, schools are short of money and tertiary education, once free, leaves students with a lifetime of debt. Except for the very rich, of course. Cahal Moran says more economics students are questioning what they are being taught in lectures and examines what’s really happening in his Unlearning Economics You Tube channel. He joins Steve and Phil to talk about his new book ‘Why We’re Getting Poorer’.

    Hosted on Acast. See acast.com/privacy for more information.
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    48 mins
  • Why nation states fail?

    Why nation states fail?
    Apr 22 2025
    The standard excuse for why states fail is the rampant printing of money. That certainly doesn’t help, but it’s often the symptom not the cause. In most cases states fail simply because the government isn’t in control. Take, for example, Syria, Yemen, Afghanistan, Somalia, South Sudan. Burt Phil asks Steve whether recent warnings on bond markets show that government debt can place the economy in a precarious position. Take the Liz Truss disaster budget. Or Trump’s swift reversal on tariffs in response to a rising cost of government debt driven by fears of a severe economic slowdown. Are there warning signs of states that are close to economic collapse? And is Trump creating many more of them in small dollar-dependent nations who relied on a trade surplus they can no longer achieve without starving the population?

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    39 mins
  • Trump is half way to Keynes’s answer to deficits

    Trump is half way to Keynes’s answer to deficits
    Apr 16 2025
    In 1944, at Bretton Woods, 44 countries agreed to make the US dollar the world's reserve currency. This decision inflated the dollar's value, making American exports expensive and imports cheaper. Donald Trump is now addressing this imbalance with tariffs on countries with high trade surpluses. Steve suggests that adopting Keynes's proposal for a neutral Bancor currency might have been better, while Phil wonders if it's time to reintroduce it, perhaps calling it “Trump” to appeal to the President’s ego.

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    43 mins

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