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The economics of scarce resources

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Manage episode 301026883 series 2359878
Content provided by Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Following on from a fortnight ago, what happens as resources start to become scarce? We’re already seeing the short-term impact of supply chain disruption because of COVID, but what when this becomes more common, and we have to get used to the idea of not always getting what we want? Prof Steve Keen suggests that rationing of goods might be the only way forward, but Phil Dobbie asks whether a shift to a more localised service-oriented economy might cut our demand for resources, particularly if the prices become prohibitively expensive.

Hosted on Acast. See acast.com/privacy for more information.

  continue reading

544 episodes

Artwork
iconShare
 
Manage episode 301026883 series 2359878
Content provided by Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Following on from a fortnight ago, what happens as resources start to become scarce? We’re already seeing the short-term impact of supply chain disruption because of COVID, but what when this becomes more common, and we have to get used to the idea of not always getting what we want? Prof Steve Keen suggests that rationing of goods might be the only way forward, but Phil Dobbie asks whether a shift to a more localised service-oriented economy might cut our demand for resources, particularly if the prices become prohibitively expensive.

Hosted on Acast. See acast.com/privacy for more information.

  continue reading

544 episodes

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