Curious minds select the most fascinating podcasts from around the world. Discover hand-piqd audio recommendations on your favorite topics.
Will Kherbek is the writer of the novels Ecology of Secrets (2013) and ULTRALIFE (2016), both published by Arcadia Missa. His Ph.D. was granted by the University of London in 2014. In 2018, the poetry collections 26 Ideologies for Aspiring Ideologists (If a Leaf Falls Press) and Everyday Luxuries (Arcadia Missa) were published. Kherbek is also the writer of the essay "Technofeudalism and the Tragedy of the Commons" (2016) which appeared in the debut issue of Doggerland's journal. The essay considers the role of information in the writing of the Nobel Prize winning economist, Elinor Ostrom, in relation to the concept of the "tragedy of the commons" as formulated by Garrett Hardin. He has written about high frequency trading and finance for the award-winning German language publication, BLOCK, and has consulted and appeared at events with the conveners of the Alternative School of Economics and Rabbits Road Institute in London. His art journalism has appeared widely in publications including Flash Art, Spike Magazine, MAP Magazine, Berlin Art Link, Rhizome.org, and others.
The priorities of the Nobel Prize-winning economist, Milton Friedman, have defined the rhetoric of contemporary capitalism more than those of any single figure of the last forty years. Friedman is regarded as something like the St. Paul of neo-liberalism, preaching the free-market gospel to generations of eager disciples at the University of Chicago, Columbia, Cambridge, Chile and beyond. Hailed as "reviving the economics of liberty" by Margaret Thatcher, in a time when economic inequalities are reaching unheard-of levels, Friedman's gospel is starting to look less like the Good News and more like the actual news; thus, the question arises: What have "the economics of liberty" done for us lately? In this edition of the Debunking Economics podcast, the long-time dissident economist, Steve Keen, and presenter, Phil Dobbie, ask a question that policymakers of the last 40 years have often failed to address when implementing neo-liberal economic regimes: do they work?
The reviews, as they say, are not good. Keen is known as a "data-first" economist, reversing the amusing adage that an economist is someone who says "That's all well and good in practice, but does it work in theory?". Friedman's theories, he argues, may have a superficial appeal, but when one looks at actual data, almost no major economy has followed the anti-protection, low-regulation and tax programme to create durable institutions. Keen cites the USA, Malaysia, South Korea, and Japan, but he could cite any other major economy in the G20 to prove his point. Keen and Dobbie's discussion is fast-paced, wide-ranging and filled with humour at the absurdity of what is treated as holy writ in many economic institutions and think tanks. This brief discussion serves as an excellent introduction to a series of podcasts that works to puncture the received truths of economics with wit and doggedness.