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Latest UK employment statistics show that more than half of the jobs added in the last year went to the self-employed. Part of this will be entrepreneurs forging their own path, but many will be people forced to establish themselves as sole traders and work for companies on a more casual basis. In this podcast Phil Dobbie talks to Prof Steve Keen about the benefits and problems with the gig economy. On issue, of course, is the amount of money people make. Could the gig economy force a universal basic income?

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It seems there’s a relentless desire to try and apply free market principles to public goods, like health, education, defence and research. Even though they usually operate in a monopolistic environment, bureaucrats are always finding ways to apply measures – fiscal or performance based – that distort the way these goods operate. So, in this podcast Phil Dobbie asks Prof Steve Keen if there are occasions when marketized principles can be applied to public goods, in the interests of improving performance.

To hear the full version subscribe by picking a plan in the right column of the Debunking Economics website (not the mobile app).

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It seems there’s a relentless desire to try and apply free market principles to public goods, like health, education, defence and research. Even though they usually operate in a monopolistic environment, bureaucrats are always finding ways to apply measures – fiscal or performance based – that distort the way these goods operate. So, in this podcast Phil Dobbie asks Prof Steve Keen if there are occasions when marketized principles can be applied to public goods, in the interests of improving performance

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Karl Marx argued that the bourgeoisie got rich by creaming their wealth off the proletariat who did all the work. But in this podcast Prof Steve Keen tells Phil Dobbie that it’s not the capitlists who are getting rich from the workers – it’s the often ignored “third class” of citizen, who make up a large part of the wealthiest people on the planet. And they’ve been increasing their influence over recently decades.

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Karl Marx argued that the bourgeoisie got rich by creaming their wealth off the proletariat who did all the work. But in this podcast Prof Steve Keen tells Phil Dobbie that it’s not the capitlists who are getting rich from the workers – it’s the often ignored “third class” of citizen, who make up a large part of the wealthiest people on the planet. And they’ve been increasing their influence over recently decades.

To hear the full version subscribe by picking a plan in the right column of the Debunking Economics website (not the mobile app). Or you can become a Steve Keen patron at https://www.patreon.com/ProfSteveKeen - if you provide support of $10 or more per month you will get access to all these podcasts included.

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Traders buy and sell based, often, on hearsay. Mum and dad investors can take a punt based on advice from ‘experts’ or from the lies they see in a company prospectus. Whatever the level of investor, you always base decisions on imperfect information. Like with anything, the person doing the selling knows more about the state of the product than the one doing the buying. So, what if we had more information? Phil Dobbie asks Professor Steve Keen what would happen if the information imbalance didn’t exist. Could we avoid market crashes, for example? Can financial markets survive without cashed up gamblers?

To hear the full version subscribe by picking a plan in the right column of the Debunking Economics website (not the mobile app).

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Traders buy and sell based, often, on hearsay. Mum and dad investors can take a punt based on advice from ‘experts’ or from the lies they see in a company prospectus. Whatever the level of investor, you always base decisions on imperfect information. Like with anything, the person doing the selling knows more about the state of the product than the one doing the buying. So, what if we had more information? Phil Dobbie asks Profesor Steve Keen what would happen if the information imbalance didn’t exist. Could we avoid market crashes, for example? Can financial markets survive without cashed up gamblers?

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In the seventies US government debt was less than 40 percent of GDP. Now, it’s over 100 percent. And the US is still to pass a change to the debt ceiling, which inhibits the government’s ability to spend more money. In this edition of the Debunking Economics podcast, Phil Dobbie asks Professor Steve Keen when government debt becomes a significant issue. Conventional economics suggests too much spending can raise inflation, which reduces the attractiveness of government bonds, making it more difficult to raise money. And what about a reduction in a country’s credit rating? Steve suggests we think in too linear fashion on the issue. But there is a simple fix if the probem ever gets insurmountable.

To hear the full version subscribe by picking a plan in the right column of the Debunking Economics website (not the mobile app).

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In the seventies US government debt was less than 40 percent of GDP. Now, it’s over 100 percent. And the US is still to pass a change to the debt ceiling, which inhibits the government’s ability to spend more money. In this edition of the Debunking Economics podcast, Phil Dobbie asks Professor Steve Keen when government debt becomes a significant issue. Conventional economics suggests too much spending can raise inflation, which reduces the attractiveness of government bonds, making it more difficult to raise money. And what about a reduction in a country’s credit rating? Steve suggests we think in too linear fashion on the issue. But there is a simple fix if the probem ever gets insurmountable.

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Which comes first, demand or supply? If you want to grow an economy should you offer money or tax cuts to increase demand, or should you fund jobs to create supply and wages. Donald Trump, like many politicians before him, believes cutting taxes will make more spending power available to create more jobs. Is he right, when many classical economists have argued the opposite – that job creation is the key to spending power. It’s the timeless chicken and egg question except, in this case, Prof Steve Keen believes there’s a very clear answer.

To hear the full version subscribe by picking a plan in the right column of the Debunking Economics website (not the mobile app).

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