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.

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Copyright 2016 . All rights reserved. Ciencia Ciencias Sociales Economía
Episodios
  • The word from the World Forum

    The word from the World Forum
    Feb 24 2026
    Phil and Steve Keen discuss Steve’s recent experience at the World Forum in Berlin, which he frames as a progressive "antidote" to the World Economic Forum. Their conversation touches on a wide range of global issues, including the conflicted leadership in the Palestinian Authority and Israel, the necessity of a two-state solution in Gaza, and the controversial role of figures like Hillary Clinton and Bob Geldof. A significant portion of the dialogue focuses on Steve’s proposal to expand the legal definition of ecocide to include criminal negligence, arguing that economists and corporations should face personal liability for their role in climate change. Phil remains sceptical of the practical enforceability of such laws given the entrenched interests of powerful nations, but both agree that current international agreements like COP are largely ineffective, serving more as a venue for fossil fuel lobbying than real environmental progress.

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    32 m
  • Musk’s moneyless mirage

    Musk’s moneyless mirage
    Feb 20 2026
    This week Phil and Steve dissect Elon Musk’s futuristic vision of a moneyless society driven by AI and ubiquitous robotics. Drawing parallels to Marxist ideals and ancient "slave" societies (reimagined with robots), they explore the logistical impossibilities of such a world—from the staggering mineral requirements for billions of droids to the complex social dynamics of status and resource allocation in the absence of a pricing mechanism. Ultimately, they argue that while our current monetary system is flawed, the move toward a post-scarcity world requires a "better" multi-dimensional currency rather than the complete abolition of money, which serves as a vital tool for managing scarcity and human competition.

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    38 m
  • Does monetary policy work?

    Does monetary policy work?
    Feb 11 2026
    In this episode we ask whether monetary policy actually works, as the RBA lifts rates to 3.85%—well above other advanced economies—despite inflation being driven by capacity constraints rather than excess demand. We explore why higher rates may worsen the problem by choking investment and productivity, why the quantity‑of‑money story doesn’t hold when spending velocity rises, and how fiscal tools could target inflation far more precisely. Steve argues that Australia’s deeper issue is its housing‑debt machine: high house prices, bank‑driven mortgage lending, and a credit‑fuelled economy that rate hikes can’t fix and may even reinforce.

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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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