Are we trying to apply theory developed for production-based economies, on economies driven by knowledge? It’s worse than that says Steve Keen. The theories around production were wrong in the first place, because of flawed assumptions on marginal productivity. It just gets messier when you’re dealing with digital products and a knowledge-based economy.
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The rise and rise of the Aussie dollar
Another big rise in the strength of the Australian dollar. NAB’s Ray Attrill says its not all down to the weakening US currency.
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Will COVID spawn some innovative new companies?
On “It’s the Business” today I ask early stage investor Jonathan Marchbank whether, like in previous downturns, this crisis will create new mega companies.
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Where do you draw the line on migration?
There are pros and cons to migration, so where do you draw the line. I discuss with Prof Steve Keen in this week’s Debunking Economics Podcast.
