It’s taken us a few years to tackle the obvious topic for the Debunking Economics podcast, what are the biggest failings of neoclassical economics. Prof Steve Keen tells Phil Dobbie that it starts on page […]
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 […]
It will come as no surprise that a recent poll indicated that economists are among the least-trusted professionals. They’ve made blundering mistakes on everything from claiming financial crises can happen to not facing the most […]
Some places are hotter than others – but what happens when they all heat up? Calvin Hanson/Unsplash, CC BY-SA Steve Keen, UCL William Nordhaus was awarded the 2018 Nobel Prize in Economics for “integrating climate […]
Since the mid-20th century, economic growth has become a sort of Holy Grail for measuring how economies are doing. But there are real problems using this method as it ignores increasing inequality and worsening environmental […]
This installment covers my views on MMT (Modern Monetary Theory), QE (Quantitative Easing), and the need for a Modern Debt Jubilee. Part 1 is here.
Steve Keen applies this ‘simple insight’ to how he thinks the global economy actually works Steve Keen is Distinguished Research Fellow, Institute for Strategy, Resilience & Security (ISRS) at UCL Cross-posted from Steve Keen’s Website […]
As Steve Keen points out, the discourse of mainstream economists concerning stopping climate change is as wrong as its discourse on economics. Until we bin the whole lot and develop a completely new discourse concerning […]
“Max quizzes me about the failure of negative interest rates, the promise of a Green New Deal or a Trump infrastructure package, and about Ray Dalio’s failure of capitalism claims. I raised the spectre of […]
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