Season 1 · Episode 41
Energy – the missing function of economics
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
May 8, 201730m 29s
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Show Notes
Economists have always seen wealth as a function of capital and labour. In effect, people and machines create things which makes them money. But Steve Keen believes there’s a far more important consideration – energy. In this free edition of the Debunking Economics podcast he points out how the industrial revolution was founded on the availability of energy and ongoing wealth creation is being driven by the more efficient use of energy.
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