The Austrian School of Economics has been around since the 1870s but was given a new lease of life in the 1970s by Frederich Hayek. In this week’s podcast I ask Prof Steve Keen about some of the fundamental principles of the Austrian school, including the theory of marginal utility, opportunity cost and the often-touted principle that humans always act with purpose. They are also big proponents of less government intervention. Steve accepts some of the principles of the Austrian School – I ask if he could take away two, what would they be?
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How much money is too much?
The issue with Kwasi Kwarteng’s approach in the UK is not how much money he is spending, but how quickly it is happening. Me and Steve Keen on this week’s Debunking Economics podcast.
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Buying a Business, People and All
Buying a business is more than looking at the figures. Tony Arena says you have to look at who is running the business.
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Oil price spills over COVID recovery concerns
Big falls in oil prices, US equities and treasury yields. NAB’s David de Garis says it reflects concerns over European lockdowns and the accuracy of Astra Zeneca data. Meanwhile plans to shift home purchases away from investors has slugged the Kiwi dollar.
