This multi-award winning channel produces programmes made by volunteers trained by the charity WORLDwrite

Subscribe to our podcasts using your preferred service:

Help with our podcasts

The rise and rise of behavioural economics


12 Behave Econom

Behavioural economics have become an ever more trendy way of explaining the crisis.   In this debate speakers demystify the subject and do battle on the merits of its approach and usefulness. The speakers are: Leigh Caldwell chief executive, Inon; Professor Emre Ozdenoren associate professor of economics, London Business School; Dr Stuart Derbyshire senior lecturer, School of Psychology, University of Birmingham and Dr Michael Savage investment banker and writer, financial economics and development.

Recommended links:

Related topics: Debates, Economy

Subscribe to our newsletter


Leave a comment now

David said:

The crisis was caused by the deliberate inflationary policy of the Federal Reserve in the USA by increasing the money supply in the housing market and exporting inflation through US treasury bonds in the oil markets the US Federal Reserve has exported its debt into the Euro zone – so we are now paying for American debt.
Yes the consumers have some responsibility for over consumption but the question of the equality of credit is paramount – if banks can buy credit at lower credit rates from the printing press of central banks then we always be enslaved because people won’t understand the monetary policy of the economy. This is true authoritarianism as the game is rigged in favor of central Bankers from the start.
Now if individuals can get credit from the central bank in equality with banks true liberty and equality can be achieve and we would become more responsible consumers.
At the moment we have a credit based economy but you should try to get into the commodity economy by buying gold and silver as a physical store of wealth or buy the Euro which is half backed by gold as well as a basket of commodities such as energy food and GDP figures.
We need a real money economy where the backing is half gold and half GDP. Gold on its own is another trap as the Central Banks while capricious are still under the authority of democratic national governments while gold speculators are global and undemocratic, as they are accountable only to their own self interest.