Debunking Economics - the podcast Podcast Por Steve Keen & Phil Dobbie arte de portada

Debunking Economics - the podcast

Debunking Economics - the podcast

De: Steve Keen & Phil Dobbie
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 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. Ciencia Ciencias Sociales Economía
Episodios
  • The self-induced healthcare trap

    The self-induced healthcare trap
    Jul 16 2025

    In real terms the amount the UK spends on healthcare has risen from £500 in 1970 to £3,000 per person today. That’s a massive increase, but the payback has been that we are living 10 years longer. Ask people if they would be prepared to spend 10% of their income to live ten years longer, most would say yes. Yet we have a real problem in having the government spending more on healthcare.


    As always, it gets back to the question of where is the money coming from? A government provided healthcare system is funded with government created money. A privatised system is vying for a share of your pay packet, using money that is already in circulation.


    Phil and Steve discuss how our approach to healthcare is based on the standard question of, ‘where does the money come from?’, rather than ‘what can we be doing to make everyone’s life that much better?’

    Hosted on Acast. See acast.com/privacy for more information.
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    40 m
  • Blowing the budget?

    Blowing the budget?
    Jul 9 2025
    Financial markets don’t like it when governments announce plans to spend more money. That’s why there’s concern over Donald Trump’s Big Beautiful Bill, which will add, by some accounts, $4 trillion to the US budget deficit over the next decade. Steve Keen says it’s not a problem. Banks buy up the bonds and the central bank ensures they have the liquidity to do so. In which case, why are people ditching US bonds in favour of other sovereign debt elsewhere? And isn’t there a risk that higher treasury yields will reduce the differential with corporate bonds, which could discourage investment in the real economy? As Phil and Steve nut it out, they both agree, Trump’s bill is a bad one when it comes to income distribution. It assumes trickle down economics. When has that ever worked?

    Hosted on Acast. See acast.com/privacy for more information.
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    44 m
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I really enjoyed the analysis in the manufacturing fetishizing episode. It's great to listen to smart people discussing economics.

A Great Discussion on Economics

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You'll probably spend a little time looking up things but this is highly informative

Economics for not so dummies

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