How should we distribute resources? Often, the market is considered to be the best system for distributing resources. However, the market distributes resources to those who can afford them, not necessarily those who need them. The state may also help to distribute resources that are considered too important to leave to the market, as well as regulate them. But the state is a big and complex system that tends to move slowly. It also makes normative decisions about what things are considered "n...
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How should we distribute resources? Often, the market is considered to be the best system for distributing resources. However, the market distributes resources to those who can afford them, not necessarily those who need them. The state may also help to distribute resources that are considered too important to leave to the market, as well as regulate them. But the state is a big and complex system that tends to move slowly. It also makes normative decisions about what things are considered "n...
In this episode, I chat with renowned heterodox economist Steve Keen about Economics. We dive into the history of capitalism as a system of organisation, as well as the origins of the theories created to explain it and unearth the assumptions made by early theorists and the problems that these have created in our current system. We also talk about the nature of money, the 2008 financial crisis, how conventional economists understand the climate crisis, and what a realistic economic theory mig...
Dancing with Change
How should we distribute resources? Often, the market is considered to be the best system for distributing resources. However, the market distributes resources to those who can afford them, not necessarily those who need them. The state may also help to distribute resources that are considered too important to leave to the market, as well as regulate them. But the state is a big and complex system that tends to move slowly. It also makes normative decisions about what things are considered "n...
