Nov 21 • 37M

What would Keynes do now?

Keynes provided the way to cope with an economic downturn, but is his thinking relevant to a supply-constrained economy resulting from a global pandemic.

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Steve Keen
Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.ems-based alternative to mainstream economics
Episode details

His answer to Great depression was that we should spend our way out. But now we have rampant inflation because people are spending too much. What would Keynes do now if he was presented with the challenge of trying to prevent the world from going into a global recession whilst also getting inflation under control? Steve and Phil look at the ideas of Key…

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