Phil Dobbie and Steve Keen discuss business cycles. What causes them and how can we reduce their impact. As Steve explains, neo-classical economics teaches us that the turns in a cycle are caused by endogenous shocks when, in reality, it is the economies own internal cycle that is the root cause. Listen in to find out why business cycles really occur and what we can do to lessen their impact. Plus, Phil asks, why has the cycle stalled all of a sudden, and is it necessarily a bad thing?
James Butler is joined by David Graeber to talk through the meaning of direct democracy, the ennui at the heart of neoliberalism, and examine the relationship of political thinking to political practice. Listen here
Book review by Mathew D. Rose Steve Keen has a credential that few macro-economists can boast of: He foresaw the coming of the financial crash of 2007. In his latest book, “Can we avoid another […]