Season 1 · Episode 134
Running knowledge economies using production-based theories
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
January 21, 201929m 20s
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Show Notes
Are we trying to apply theory developed for production-based economies, on economies driven by knowledge? It’s worse than that, Steve Keen tells Phil Dobbie. The theories around production were wrong in the first place, because of flawed assumptions on marginal productivity. It just gets messier when you’re dealing with digital products and a knowledge-based economy.
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