Why don’t economists understand the needs of ordinary people? (QE for the people)

Listen to the 2nd part of the new show on Bradford Community Broadcasting 106.6FM radio “Why don’t economists…” , presented by Marie McCahery. This special edition is on the economic policies of Jeremy Corbyn and aims to explain what QE for infrastructure means.

It includes an interview with Frank van Lerven, Researcher at Positive Money and interviews with Richard Murphy (Tax Research Institute and economic advisor of Jeremy Corbyn’s campaign) and Ross Ashcroft (Renegade Economist).

The interview with Frank at 7m30s here:

“Why don’t economists understand the needs of ordinary people instead of the needs of the rich and the needs of large companies? Because we do have an economic system that is fundamentally orientated towards wealth accumulation.”

Richard Murphy

“Why don’t economists ever look at banks’ debt and money when they’re analysing capitalism? If you’re ignoring banks’ debt and money and trying to analyse how the capitalist system works- as Steve Keen says – it’s like an ornithologist trying to work out how the bird flies by ignoring that bird has wings.”

Ross Ashcroft

 

“Why don’t economists look at history to figure out what works instead of making up assumptions and working up hypotheses from these false assumptions?”

Marie McCahery