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.
A house that won't sell can make your supply-and-demand diagram look a little too pleased with itself.
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Short reviews from the PlayNext desk, based on the episodes we processed.
A windfall tax debate that broadens into a serious argument about taxation and money.
The episode takes a windfall tax debate and uses it to ask a broader question: who should pay when profits come from luck as much as effort? It starts with oil and gas, then moves to big tech and the case for taxing unexpected gains.
Small things, real markets, strange incentives.
Markets, money, and Germany in motion.
Steve Keen and Phil Dobby dissect windfall taxes — starting with the UK's North Sea oil surcharge and its $71.40 per-barrel trigger — then broaden into whether the same logic should apply to banks, big tech, and any company that massively exceeds its own profit forecasts.
Debunking Economics - the podcast examines whether AI can scale when a hyperscale data centre already uses electricity equivalent to 100,000 households and the largest planned facility could use 2 million homes' worth.
Steve Keen and Phil Dobby examine Australia’s exposure to an energy crisis linked in the discussion to disrupted Strait of Hormuz shipping and an estimated 30-day fuel reserve.
Steve Keen and Phil Dobby examine whether prices are governed by production costs, subjective utility, or both, using David Ricardo, Marx, and neoclassical economics as reference points.
Steve Keen and Phil Dobby examine whether compound interest requires continuing physical and economic growth, using 5% interest on $100 over ten years and a 7% annual-growth example.
This episode analyzes the economic implications of increased US defense spending and proposed tax cuts under Donald Trump.
Steve Keen and Phil Dobbie discuss the failures of the education system, rising student debt, and the impact of AI on the value of education.
This episode explains bond markets, their link to government budgets, and critiques neoclassical views on bonds and money creation.
The episode debates Trump's tariff policy and challenges Ricardo's theory of comparative advantage, arguing that broad-based economies may outperform narrow ones.
This episode examines why people are getting poorer despite economic growth, focusing on housing and broader systemic issues.
This episode critiques the U.S.
Doyne Farmer’s book "Making Sense of Chaos" applies complex-systems modeling to economics, while Steve Keen challenges equilibrium assumptions in DSGE models.
Yanis Varoufakis says Amazon is a cloud fiefdom, not a market, because its algorithm maximizes Jeff Bezos's rent.
Professor Steve Keen and Omar Chima examine whether solar can replace fossil fuels as energy costs fall to about $0.60 per photovoltaic watt and three cents per kilowatt-hour.