Debunking Economics

Phil talks to Prof Steve Keen on the lies and misunderstands of the economics profession

Interest rates – have they anywhere to go?

Interest rates have been so low for so long, does that give central banks any room to move when there’s another recession.

The next big recession – when, where and how

We are due another recession. So what will be the cause of it this time and how far will it spread?

Is Modern Monetary Theory too closed for open economies

Modern Monetary Theory suggests governments can create money rather than build debt – but what of international trade?

Were Austrian economists wrong to have purpose?

The pros and the cons (mostly cons) of the Australian School’s view of economics.

Nordaus’ Climate Model Debunked

William Nordhaus won a Nobel prize for his work on climate change and the economy. Steve Keen talks about one sizeable flaw in his modelling.

Fact-checking Friedman

Milton Friedman influenced a generation of politicians – yet so many of his arguments were flawed. Listen to a few of them.

What’s a country’s optimum population size?

Is there an optimum size for a country’s population – from an economic and ecological standpoint. I ask Prof Steve Keen.

Were mum and dad right about saving?

Did your mum and dad teach you to save money rather than borrow? It was better to have cash than be in debt. I talk to Prof Steve Keen about how the last few decades have seen a total turnaround in that thinking.

Running knowledge economies using production-based theories

Are we trying to apply theory developed for production-based economies, on economies driven by knowledge? It’s worse than that says Steve Keen.

Is the Euro to blame for European disunity?

The European economy seems to have found itself in sharp reverse, possibly heading into a continent-wide recession. Italy is already there, Greece has witnessed thousands leaving the country to find jobs, and the yellow vest protests show happy unhappy the French are. Then there’s Brexit, of course. In this edition of the Debunking Economics podcast, Phil Dobbie asks Prof Steve Keen how much we can blame the Euro for the perilous state of the European economy.

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