Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how i
A Debunking Economics listener asked for a podcast on the role of Shadow Banks. In particular, he wa
Economists have always seen wealth as a function of capital and labour. In effect, people and machin
Imagine if shares had a use by date. If you pass the shares issued by a company on to a secondary ma
A big chunk of the trades that happen in shares are sold short. In other words, the trader takes a p
London and the southeast accounts for a third of the UK’s gross disposable household income. The res
Modern Monetary Theory states that’s, because the government of a country is the monopoly supplier o
Figures out in the US last week showed the unemployment rate had dropped to just 4.5 percent, a long
Mark Perry, Professor of Economics and Finance at the University of Michigan, believes that raising
Latest UK employment statistics show that more than half of the jobs added in the last year went to
It seems there’s a relentless desire to try and apply free market principles to public goods, like h
Karl Marx argued that the bourgeoisie got rich by creaming their wealth off the proletariat who did
Traders buy and sell based, often, on hearsay. Mum and dad investors can take a punt based on advice
In the seventies US government debt was less than 40 percent of GDP. Now, it’s over 100 percent. And
Which comes first, demand or supply? If you want to grow an economy should you offer money or tax cu
In this edition of the Debunking Economics podcast we test Donald Trump’s accusations that China, Ja
Donald Trump has talked about a 20 percent tax on exports from Mexico to help pay for the wall, but
The Bank of England, like many central banks, has used Quantitative Easing as a tool to try and enge
You’ve probably seen them – emails telling you now is the time to buy gold. When currencies collapse
It’s very easy to look at the big salaries in the city and compare it to the average wage and assume
Phil Dobbie asks Professor Steve Keen about the role of public sector spending. We’ve learnt that th
