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| What’s the problem with neoclassical economics? RT’s Keiser Report explains | What’s the problem with neoclassical economics? RT’s Keiser Report explains |
| (2 months later) | |
| The Keiser Report looks at neoclassical economics, which bases value on a subjective satisfaction of utility, instead of the classical approach, where the value is based on the time and materials it took to create something. | The Keiser Report looks at neoclassical economics, which bases value on a subjective satisfaction of utility, instead of the classical approach, where the value is based on the time and materials it took to create something. |
| Max Keiser and Stacy Herbert speak to Professor Steve Keen, of the UK’s Kingston University, about the popularity of using the first, a fantasy model of economics, and the problems it creates for the global economy. | Max Keiser and Stacy Herbert speak to Professor Steve Keen, of the UK’s Kingston University, about the popularity of using the first, a fantasy model of economics, and the problems it creates for the global economy. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |