Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how i
Elon Musk has been moaning that he pays too much tax. He wants to keep more of the $14 billion
When central banks declare a new interest rate, how does that magic into existence? Steve explains h
There’s a common myth around banks. That banks are the intermediaries who collect deposits from cust
Does government debt expand the supply of money? According to Modern Monetary theory, yes it do
You’ll know the name Mario Draghi. He was the President of the European Central Bank and, for a shor
At least half of America is elated with its new choice of President. Money is already flo
The UK Labour party seems top have scored another own goal, with their inheritance tax on family far
The classical economic assumption, from the days of Adam Smith, is that we all have free will and th
Ever wondered why Britain’s roads are riddled with potholes, why the trains keep breaking down and w
Steve Keen says he builds his economic model based on the motivation of three types of actors. First
What causes an economy to fall from a peak? Many economists will argue it’s exogenous shocks but, as
It’s a sad fact that war can pay. The US arms industry is one major beneficiary. The UK is a long wa
Phil tells Steve that he’s always struggled with Karl Marx’s idea of surplus value. The idea that wo
Europe and the US are both recovering from the same problem – COVID and the inflation that followed.
The UK’s unemployment rate is 4.1%, the inflation rate is growing at 3.1% and the economy is growing
The pandemic was the biggest economic disturbance since the second world war. In both cases supply c
A couple of years ago, when warning of the need to fight inflation, Jerome Powell, Governor of the U
Some call it the silver tsunami. The wave of old people putting pressure on government budgets. And,
The last time interest rates were this high they came down rather fast. This time central bankers ar
Complex systems don’t have to be complicated to provided deep insights into the real world. That’s t
