December 21, 2016

14. What Scrooge Could Learn From Keynesian Economics

Charles Dickens wrote A Christmas Carol to heighten awareness of the rich poor gap in Victorian London. Professor Steve Keen suggests his lavish ways described in the last few pages of the book would almost certainly end in bankruptcy. Yet, his original penny-pinching lifestyle was destructive for the economy and almost certainly reduced his profit potential. In this Christmas special edition of The Debunking Economics podcast Phil Dobbie asks what the message should have been from the Ghost of Christmas Future.

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