There are the deniers who will argue that mankind has no influence on climate, but worse yet, there are economists who argue the impact will be so small the cost of trying to prevent it will be far greater than the consequences of living with it. That’s the line taken by joint Nobel prizewinner William Nordhaus. In this week’s edition of the Debunking Economics podcast Prof Steve Keen takes Phil Dobbie through some of the spurious arguments and assumptions used by Nordhaus to reach his spurious conclusions. Some of them defy logic. If you offered them in a high school science exam, you’d probably fail.
Economics
Steve Keen – Eulogy to David Graeber
It is not even three weeks since we received the tragic news that the activist economist John Weeks had passed away. Now the saddening news that David Graeber has died. These are major losses for […]
Austerity
Real News.com – Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption
Austerity didn’t produce recovery in Latvia, it produced the semblance of recovery, says white-collar criminologist Bill Black. It also led to rampant criminal activity in the banking sector, such as money laundering, taking bribes, and […]
Economics
Victoria Chick, Kate Raworth, Mariana Mazzucato, Steve Keen, and Sally Svenlén – Economics Reformation video
Marking the 500th anniversary of Martin Luther’s challenge to the established church, the New Weather Institute and campaign group Rethinking Economics, with input from a wide range of economists, academics and concerned citizens, are challenging the […]
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