University of Texas economist James K. Galbraith engages in a wide-ranging discussion of the many ways in which conventional economics has failed us, ranging from how to manage the post-pandemic economy, the role of finance, to the problems of inequality and climate change.
Steve covers why the Neoclassical model of banking known as “Loanable Funds” is a dangerously misleading caricature of actual banking, why credit has a crucial role in macroeconomics, and why savings is a sensible activity […]
Is it true that we’ve made no progress on climate change in the past two years as Greta Thurnberg has claimed? I fear that it is. This is why:
Does socialism require the surrender of individual freedom? The realm of freedom begins when the realm of necessity is left behind. Is freedom of the market real freedom? And what about justice? Prof. Harvey tries […]
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