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HomeSteve Keen

Steve Keen

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Economics

Steve Keen, Phil Dobbie – How does liquidity impact the economy?

February 2, 2023 Mathew D. Rose 0

For most of us liquidity is an easy concept to understand. Have we got enough cash to pay our bills? For small businesses it is a simple case of managing your cashflow and ensuring your […]

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Economics

Steve Keen, Phil Dobbie – Opportunity Cost and MMT

January 22, 2023 Mathew D. Rose 0

Conventional economics is built around the idea of opportunity cost. If there is a limited resource a decision has to be made about how best to use it. How is that principle applied when you […]

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Economics

Steve Keen – Why did socialism fail at product innovation and economic growth?

January 19, 2023 Mathew D. Rose 1

Under capitalism] You have competitive industries, where you’re trying to take demand away from your rivals. You have Kawasaki versus Honda versus BMW etc. etc.. The way you get demand away from your competitors is […]

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Economics

Steve Keen, Phil Dobbie – Piero Sraffa and the non-existent supply curve

January 4, 2023 Mathew D. Rose 0

Most people think economics can be summarised in just two words – supply and demand. Where they cross that determines price and as they move the price moves. But what if the supply curve is […]

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Economics

Steve Keen: Margin Debt at Levels Not Seen Since the Peak of the Roaring Twenties Mania – and Falling

January 1, 2023 Mathew D. Rose 0

The role of margin debt in the current stockmarket fall. Steve Keen is a Distinguished Research Fellow, Institute for Strategy, Resilience & Security, UCL Cross-posted from Steve’s Blog “I fancy that over-confidence seldom does any […]

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Economics

Steve Keen, Phil Dobbie – Richard Goodwin and non-linear thinking

December 17, 2022 Mathew D. Rose 0

We continue our series looking at economists who influenced Steve Keens thinking. This week it’s American economists Richard Goodwin, who Steve says is the chief proponent of non-linear thinking in economics. He wrote Theories of […]

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Economics

Steve Keen, Phil Dobbie – The Debt Myth

November 30, 2022 Mathew D. Rose 0

How widespread is the idea that one person’s debt is another person’s credit and therefore has no impact on the economy. What are the implications of this thinking and what changes when the realisation that […]

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Economics

Steve Keen, Phil Dobbie – What would Keynes do now?

November 24, 2022 Mathew D. Rose 0

His answer to Great depression was that we should spend our way out. But now we have rampant inflation because people are spending too much. What would Keynes do now if he was presented with […]

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Climate Crisis

Steve Keen, Phil Dobbie: Will more realistic pricing of energy and pollution save the planet?

November 4, 2022 Mathew D. Rose 0

In a recent podcast Steve Keen claimed that the law of thermodynamics dictates that we can no longer extend economic growth whilst looking for efficiencies in our use of energy. This week Phil questions Steve […]

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Economics

Steve Keen, Phil Dobbie: Private or public – getting the balance right

November 4, 2022 Mathew D. Rose 0

Last week on the Debunking Economics podcast Phil and Steve talked about the likely imposition of Austerity 2.0 around the world, in particular in the UK. Steve said there’s really no need for it. This […]

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Book Reviews

Corruption

When McKinsey comes to Town: The Hidden Influence of the World’s Most Powerful Consulting Firm by Walt Bogdanovitch and Michael Forsythe

January 8, 2023 0

Book Review by Roger Steer In January 2021 Brave New Europe published “The Americanisation of European Healthcare” which was my attempt to describe the forces at work to change the way healthcare is delivered in […]

Climate Crisis

Do You Want to Know the Truth? by Rupert Read

November 22, 2022 0

Book Review by Alison Teal Honesty is the key word for Rupert Read’s new book Do You Want to Know the Truth? Rarely is this book what one would consider ‘light’ reading. Collecting some of […]

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