Neoliberalism and neoclassical economics are often terms that are used interchangeably by various economists and financial writers, but actually, there are important differences between the two. We’ve had some requests from readers to make that distinction more obvious, so Claire Connelly has summarised what you need to know.
As a busy year draws to a close we want to look back at those people who’ve inspired and enlightened us in 2017. Coming up this week is the first of two shows we take a whistle-stop tour around the thinkers, writers, doers and Renegade types we met during 2017. Tune into Renegade Inc on RTUK, on Monday the 25th of December at 7.30am, 1.30pm, and 6.30pm, or stay glued to the website for upcoming episodes.
Economics and the schools that teach it have been wrong for such a long time that its students have collectively embraced a mythical model that does not account for the role of money, banks, debt or land.
Renegade economist and friend of the show, Professor Steve Keen recently took the stage at the Sunday Papers event in London to discuss what you’re not being told about the global economy.
“Economics has failed,” is a phrase that is becoming more common by the day, the result of the current economic paradigm of neoliberalism. But economist, Professor Michael Hudson says economics has not failed it all. It is working perfectly well, according to the rules upon which it has been set. On this week’s episode of Renegade Inc, we explore the cover story of neoliberal economics.
By their own metrics, classical economists have failed to deliver on the promises they made back in the 1970s and 80s. Economist Dr Steven Hail has the charts to prove it.