Debunking Economics - the podcast

By: Steve Keen & Phil Dobbie
Listen for free

  • Summary

  • Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.

    Hosted on Acast. See acast.com/privacy for more information.
    Copyright 2016 . All rights reserved.
    Show More Show Less
Economics Science Social Sciences
Show More Show Less
Episodes
  • Trump is half way to Keynes’s answer to deficits

    Trump is half way to Keynes’s answer to deficits
    Apr 16 2025
    In 1944, at Bretton Woods, 44 countries agreed to make the US dollar the world's reserve currency. This decision inflated the dollar's value, making American exports expensive and imports cheaper. Donald Trump is now addressing this imbalance with tariffs on countries with high trade surpluses. Steve suggests that adopting Keynes's proposal for a neutral Bancor currency might have been better, while Phil wonders if it's time to reintroduce it, perhaps calling it “Trump” to appeal to the President’s ego.

    Hosted on Acast. See acast.com/privacy for more information.
    Show More Show Less
    43 mins
  • Trump. Has he lost his mind?

    Trump. Has he lost his mind?
    Apr 9 2025

    It’s clear that President Trump lied to the American people about his reciprocal tariffs. Many of the countries he is imposing tariffs do not impose anywhere near those numbers on imports from America. As Phil points out, some countries, like Cambodia, that sell cheap goods to the US don’t buy from the US because they can’t afford to on their low wages. You can only have trade equalisation if you have similar income levels.


    Steve takes us through the formula that was sued to calculate these ‘reciprocal’ tariffs. The only resolution to the issue, says Steve, is a new currency for international trade. An idea the Americans knocked back at Bretton Woods.

    Hosted on Acast. See acast.com/privacy for more information.
    Show More Show Less
    38 mins
  • Should we tax the rich?

    Should we tax the rich?
    Apr 2 2025
    It’s often the easy excuse on how to fix the problems of wealth inequality - just tax the rich more. Former trader turned YouTuber economist Gary Stevenson argues regularly that it’ll fix a lot of the problem. He’s right that the wealthy own assets and the richer they become the more the price of those assets increases. Take land as an example. The government is on a push to build more houses to benefit lower income earners. But who owns the land those houses will be built on? The rich? So, who wins from the demand for more land? Gary’s argument is if you tax hard enough the rich will be forced to sell assets which will bring the price down. Steve’s less convinced, simply because the uber-wealthy have always found a way to avoid taxation. But he thinks the argument also ignores (or isn’t aware of) the fact that government deficits create money. Perhaps the focus should be ore on where that deficit spending ends up. Maybe we should get Gary on the podcast.

    Hosted on Acast. See acast.com/privacy for more information.
    Show More Show Less
    44 mins

What listeners say about Debunking Economics - the podcast

Average customer ratings
Overall
  • 5 out of 5 stars
  • 5 Stars
    4
  • 4 Stars
    0
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0
Performance
  • 5 out of 5 stars
  • 5 Stars
    4
  • 4 Stars
    0
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0
Story
  • 5 out of 5 stars
  • 5 Stars
    4
  • 4 Stars
    0
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0

Reviews - Please select the tabs below to change the source of reviews.

Audible.co.uk reviews

Amazon reviews
Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Kindle Customer

Interesting economic analysis

I haven’t read the book yet but will be getting it! Enjoyed listening to the analysis of recent economic affairs. Accessible and informative.

Report this

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Andrew

Great podcast

Great podcast offering some heterodox economic analysis. A recommended listen for everyone in the UK especially.

Report this

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!