Podcasts about economic ideas

We tried to boil down one of the most eventual weeks in American political history into two questions: Is there really a new Trump following the assassination attempt, and if this is the end of the political road for Joe Biden as looks increasingly likely, what will happen next for the Democrats? 00:46 Assassination Attempt and Trump's New Promise 01:51 Analyzing Trump's Convention Speech 04:27 Trump's Economic Ideas and Their Impact 10:23 Biden's Potential Withdrawal and Democratic Party Reactions 18:41 Goodfellas vs. Godfather 24:59 Strategic Realities for Democrats 26:44 Kamala Harris as a Candidate 29:13 Hypothetical Scenarios for Biden 31:54 IS Alicia Really in Matt's Basement?

Voters consistently say the economic is the most important issue to them. Which is why it's baffling that there's been so little attention on Donald Trump's economic ideas, which would be an unspeakable disaster for the American economy, and especially for the middle class. Brian Riedl, a conservative economist from the Manhattan Institute breaks down why proposals like replacing the income tax with a massive tariff are mathematically and economically terrible. We also get into Trump's broader policy ideas, and if you want to read more about Project 2025 and what Trump wants to actually do if he regains power, check out Matt's piece in Newsweek. 00:00 Introduction: The Overlooked Economic Disaster 01:10 Biden's Clear Agenda vs. Trump's Hidden Plans 01:44 Trump's Radical Economic Proposals 02:44 Expert Analysis: The Flaws in Trump's Tariff Plan 05:10 The Impact on Low-Income Families and Retaliation Risks 09:27 The Political Reality Behind Trump's Proposals 20:34 The Need for Honest Policy Discussions 31:49 Reforming Social Security and Medicare 38:43 Conclusion: Finding Common Ground

Described as “a brilliant history of economic ideas” by Amartya Sen, Aditya Balasubramanian's recent book Toward a Free Economy: Swatantra and Opposition Politics in Democratic India, shows how ideas of ‘free economy' emerged from communities in southern and western India as they embraced new forms of entrepreneurial activity, in opposition to the so-called ‘socialist planned economy' of Nehruvian India. ‘Free economy' became the rallying cry for the Swatantra (Freedom) Party, which rose and fell in 1960s India. Its project of opposition politics sought to create a viable conservative alternative to the dominant Indian National Congress and push India toward a two-party system. In this episode of BIC talks, author Aditya Balasubramanian is in conversation with Narayan Ramachandran. This discussion provides a perspective on the changing relationship between the state and markets and the evolution of democracy in India and help us better understand communities who have been disproportionately successful in the aftermath of liberalisation and shed light on the constructive role opposition has played in Indian society. This episode is an extract from an in-person event that took place at the BIC premises in December 2023. Subscribe to the BIC Talks Podcast on your favourite podcast app! BIC Talks is available everywhere, including Apple Podcasts, Spotify, Google Podcasts, Castbox, Overcast, Audible and Amazon Music.

What is feminist economics? How is the field changing what we want from policy? And what is the value of unpaid labor in our economy? In this episode, renowned economist Nancy Folbre answers those questions, and traces the much-needed rise of the care agenda.  Nancy is director of the program on gender and care work at the Political Economy Research Institute at the University of Massachusetts Amherst. She's the editor of For Love and Mercy: Care Provision in the United States, and author of Greed, Lust, and Gender: A History of Economic Ideas, among other works. As she tells Michael, feminist ideas once considered subversive are now common in the mainstream–and changing how policymakers think about the economy. “I think we want to consider what the output of the care economy is, and the actual output is us. It's our capabilities,” says Nancy. “The care economy is about the production and the development and also the maintenance of human capabilities. This doesn't factor into GDP.”  And later, Michael and Felicia discuss how care can be a winning political message. Presented by the Roosevelt Institute, The New Republic, and PRX. Generous funding for this podcast was provided by the William and Flora Hewlett Foundation and Omidyar Network. Views expressed in this podcast do not necessarily reflect the opinions and beliefs of its funders. You can find transcripts and related resources for every episode at howtosaveacountry.org.

Bernie Sanders Wants To Force Airlines To Refund Passengers for Flights Delayed Over 1 Hour https://reason.com/2022/07/05/bernie-sanders-wants-airlines-to-refund-passengers-flights-delayed/ How Corporate Food Monopolies Caused the Baby Formula Scandal https://www.counterpunch.org/2022/06/21/how-corporate-food-monopolies-caused-the-baby-formula-scanda/ The Army Thinks Printers Cost Over $1 Million https://reason.com/2022/07/04/the-army-thinks-printers-cost-over-1-million/?itm_source=parsely-api DonorsTrust can help manage your charitable giving. Built with conservatives & libertarians in mind https://www.donorstrust.org/gml Fight back against what's happening in the world. Stand up, protect yourself, and find out how to secure your new life abroad https://ExpatMoneyShow.com https://podcasts.apple.com/us/podcast/the-expat-money-show-with-mikkel-thorup/id1325406756 https://open.spotify.com/show/0RGTPlBoexRhyvdUPCb4Re https://2022.expatmoneysummit.com/ Join the private discord & chat during the show! joingml.com Need someone to talk to? Betterhelp.com/gml Interested in learning how to Day Trade? Mastermytrades.com Like our intro song? https://www.3pillmorning.com Advertise on our podcast! Learn more about your ad choices. Visit megaphone.fm/adchoices

There was a time when our leaders dived into the public discourse and embraced the world of ideas. Tripurdaman Singh and Adeel Hussain join Amit Varma in episode 262 of The Seen and the Unseen to describe four debates that Jawaharlal Nehru entered with Muhammad Iqbal, Muhammad Ali Jinnah, Sardar Patel and Syama Prasad Mookerjee. These old debates matter today, because those ideas are still being contested. Also check out: 1. Nehru: The Debates that Defined India -- Tripurdaman Singh and Adeel Hussain. 2. Sixteen Stormy Days -- Tripurdaman Singh. 3. The First Assault on Our Constitution -- Episode 194 of The Seen and the Unseen (w Tripurdaman Singh). 4. Jawaharlal Nehru on Amazon. 5. Shruti Rajagopalan's talk on the many amendments in our constitution. 6. Karl May on Amazon. 7. Christopher Bayly on Amazon. 8. Violent Fraternity -- Shruti Kapila. 9. Amit Varma's tweet about books read, a snarky response, and a, um, weird comment. 10. Jürgen Habermas on Amazon and Wikipedia. 11. Where Have All the Leaders Gone? -- Amit Varma. 12. On the Historical Unity of Russians and Ukrainians -- Vladimir Putin. 13. Roam Research -- and Zettelkasten. 14. Niklas Luhmann and his use of Zettelkasten. 15. Collected Works of Mahatma Gandhi: Volumes 1 to 98. 16. Emily Hahn on Amazon. 17. Ramachandra Guha on Amazon. 18. Episodes of The Seen and the Unseen featuring Ramachandra Guha: 1, 2, 3, 4. 19. Nehru: The Invention of India -- Shashi Tharoor. 20. The Art and Science of Economic Policy — Ep 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah). 21. In Service of the Republic — Vijay Kelkar & Ajay Shah. 22. William Hazlitt on Amazon. 23. Ernst Cassirer. 24. The Last Mughal -- William Dalrymple. 25. Zygmunt Bauman and Perry Anderson on Amazon. 26. The Clash of Economic Ideas -- Lawrence H White. 27. Hind Swaraj -- MK Gandhi. 28. Meghnad Desai on Amazon. 29. Nehru: A Contemporary's Estimate -- Walter Crocker. 30. Ayodhya - The Dark Night -- Krishna Jha and Dhirendra K Jha. 31. India's Greatest Civil Servant -- Episode 167 of The Seen and the Unseen (w Narayani Basu, on VP Menon). 32. Being Muslim in India -- Episode 216 of The Seen and the Unseen (w Ghazala Wahab). 33. The Impossible Indian: Gandhi and the Temptation of Violence -- Faisal Devji. 34. Creating a New Medina -- Venkar Dhulipala. 35. Swami Shraddhanand. 36. Modi's Domination - What We Often Overlook -- Keshava Guha. 37. Selected episodes of The Seen and the Unseen on China: 1, 2, 3, 4. 38. China's Good War -- Rana Mitter. 39. Sturgeon's Law. 40. Characters of Shakespeare's Plays -- William Hazlitt. 41. Preface to Shakespeare -- Samuel Johnson. 42. The Soong Sisters -- Emily Hahn. 43. Empire of Pain -- Patrick Radden Keefe. 44. Kings of Shanghai -- Jonathan Kaufman. 45. Collected Works of Ram Manohar Lohia. 46. Liquid Modernity -- Zygmunt Bauman. 47. The Anarchy -- William Dalrymple. 48. The Silent Coup: A History of India's Deep State — Josy Joseph. 49. India's Security State -- Episode 242 of The Seen and the Unseen (w Josy Joseph). 50. Great Expectations -- Charles Dickens. 51. The Rabbit and the Squirrel: A Love Story about Friendship -- Siddharth Dhanvant Shanghvi. Check out Amit's online course, The Art of Clear Writing. And subscribe to The India Uncut Newsletter. It's free!

Larry Summers has been at the forefront of economic thinking for decades - a World Bank chief economist, Professor at Harvard and U.S. Treasury Secretary. He's also warned that the global economy is in the midst of secular stagnation. In this episode, he tells Betsey Stevenson and Justin Wolfers why the economy is stagnant, in spite of low interest rates. The three economists also discuss why their field is so influential, and Larry reveals how policy makers get things done.Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The liberalisation of 1991 lifted more than a quarter of a billion people in India out of poverty. And yet, we often don't recognise their importance, and have gone backwards in the last decade. Shruti Rajagopalan and Ajay Shah join Amit Varma in episode 237 of The Seen and the Unseen to discuss what life was like before 1991, where we had gone wrong, what we put right and what remains to be done. Also check out: 1. The 1991 Project. 2. The quest for economic freedom in India -- Shruti Rajagopalan. 3. Ideas and Origins of the Planning Commission in India -- Shruti Rajagopalan. 4. The Art and Science of Economic Policy -- Episode 154 of The Seen and the Unseen (w Vijay Kelkar and Ajay Shah). 5. The Economics and Politics of Vaccines -- Episode 223 of The Seen and the Unseen (w Ajay Shah). 6. The Tragedy of Our Farm Bills -- Episode 211 of The Seen and the Unseen (w Ajay Shah). 7. Other episodes of The Seen and the Unseen with Ajay Shah: 1, 2, 3. 8. In Service of the Republic — Vijay Kelkar & Ajay Shah 9. Episodes of The Seen and the Unseen w Shruti Rajagopalan, in reverse chronological order: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16. 10. Population Is Not a Problem, but Our Greatest Strength -- Amit Varma. 11. Raghu Sanjaylal Jaitley's Father's Scooter -- Episode 214 of The Seen and the Unseen (w Raghu Sanjaylal Jaitley). 12. Anticipating the Unintended — Pranay Kotasthane and Raghu Sanjaylal Jaitley's newsletter. 13. The Dark Side of the Moon -- Pink Floyd. 14. Wish You Were Here -- Pink Floyd. 15. Free to Choose -- Milton Friedman and Rose Friedman. 16. The Road to Serfdom -- Friedrich Hayek. 17. The Fatal Conceit --  Friedrich Hayek. 18. The Clash of Economic Ideas -- Lawrence H White. 19. Pandit's Mind -- The 1951 Time magazine cover story on Jawaharlal Nehru. 20. Lessons from an Ankhon Dekhi Prime Minister -- Amit Varma. 21. An Autobiography -- Jawaharlal Nehru. 22. The Discovery of India -- Jawaharlal Nehru. 23. The First Assault on Our Constitution -- Episode 194 of The Seen and the Unseen (w Tripurdaman Singh). 24. Profit = Philanthropy -- Amit Varma. 25. India Unbound -- Gurcharan Das. 26. India Transformed: 25 Years of Economic Reforms -- Edited by Rakesh Mohan. 27. Fixing Indian Education -- Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 28. Understanding Indian Healthcare -- Episode 225 of The Seen and the Unseen (w Karthik Muralidharan).  29. Modi's Lost Opportunity -- Episode 119 of The Seen and the Unseen (w Salman Soz). 30. Bootleggers and Baptists-The Education of a Regulatory Economist — Bruce Yandle. 31. Pigs Don't Fly: The Economic Way of Thinking about Politics — Russell Roberts. 32. Raees: An Empty Shell of a Gangster Film — Amit Varma. 33. The White Man's Burden -- William Easterly. 34. The Tyranny of Experts -- William Easterly. 35. Planners vs. Searchers in Foreign Aid -- William Easterly. 36. We, the People -- Nani Palikhiwala. 37. India's Agriculture Crisis — Episode 140 of The Seen and the Unseen (w Barun Mitra & Kumar Anand). 38. DeMon, Morality and the Predatory Indian State -- Episode 85 of The Seen and the Unseen (w Shruti Rajagopalan). 39. Most of Amit Varma's writing on DeMon, collected in one Twitter thread. 40. Narendra Modi Takes a Great Leap Backwards — Amit Varma 41. Beware of the Useful Idiots -- Amit Varma. 42. Restaurant Regulations in India -- Episode 18 of The Seen and the Unseen (w Madhu Menon). 43. India's Problem is Poverty, Not Inequality -- Amit Varma. 44. On Inequality -- Harry Frankfurt. 45. Breaking the Caste Barrier: Intergenerational Mobility in India -- Viktoria Hnatkovska, Amartya Lahiri and Sourabh B Paul. 46. Intergenerational Mobility in India: New Methods and Estimates Across Time, Space, and Communities -- Sam Asher, Paul Novosad and Charlie Rafkin. 47. Defying the Odds: The Rise of Dalit Entrepreneurs -- Devesh Kapur, D Shyam Babu and Chandra Bhan Prasad. 48. Taking Stock of Our Economy -- Episode 227 of The Seen and the Unseen (w Ila Patnaik). 49. India's Lost Decade -- Episode 116 of The Seen and the Unseen (w Puja Mehra). 50. Aleksandr Solzhenitsyn's books on Amazon. This episode is sponsored by CTQ Compounds. Check out The Daily Reader, FutureStack and The Social Capital Compound. Use the code UNSEEN for Rs 2500 off. Please subscribe to The India Uncut Newsletter. It's free! And check out Amit's online course, The Art of Clear Writing.

Episode 139:

Guests:Bob Hockett (twitter.com/rch371) Larry White (twitter.com/lawrencehwhite1)Host:Richard Yan (twitter.com/gentso09)Today's motion is “The US urgently needs to catch up on CBDC.”Central Bank Digital Currencies are sort of like government-run Paypal accounts. They allow the government to do scalpel-like fiscal policies more easily, such as airdropping cash to citizens and stimulating spending. At the same time, CBDC could also allow the government to track individual spending behaviors. China is obviously leading the effort in CBDC adoption for all major countries. As of recording time, it's already run multiple trials in various major cities. This has spurred a debate as to whether the US should follow suit.We discussed:* CBDC and privacy * The consensus from the right and the left on the importance of CBDC, but the lack of urgency for implementation* Countries adopting Bitcoin as a legal tender* Hype vs reality: The possibility of China's CBDC becoming a currency to settle international trade and therefore be a real threat to USD* CBDC's potential cannibalization of private banks If you would like to debate or want to nominate someone, please DM me at @blockdebate on Twitter.Please note that nothing in our podcast should be construed as financial advice.Source of select items discussed in the debate (and supplemental material):Bob's article explaining his position: https://thehill.com/opinion/technology/497427-americas-digital-sputnik-momentLarry's article explaining his position: https://www.cato.org/cato-journal/spring/summer-2021/should-state-or-market-provide-digital-currencyGuest bios: Bob Hockett is a professor at Cornell Law School, focusing on Corporate Law and Financial Regulation. He is a fellow of the Century Foundation and a regular commissioned author for the New America Foundation. Bob also does regular consulting work for the Federal Reserve Bank of New York, the International Monetary Fund, Americans for Financial Reform, the 'Occupy' Cooperative, and a number of federal and state legislators and local governments. He is the author of the book “Financing the Green New Deal: A Plan of Action and Renewal.”Larry White is a senior fellow at the Cato Institute's Center for Monetary and Financial Alternatives. He is also a professor of economics at George Mason University. He has written five books on banking and monetary policy, including The Clash of Economic Ideas, The Theory of Monetary Institutions, and Free Banking in Britain. He is editor and co-editor of various publications, including Renewing the Search for a Monetary Constitution and The History of Gold and Silver. He also writes regularly for the Center for Monetary and Financial Alternatives publication called Alt‐​M.

Key Insights:Josef Schumpeter’s “depressions are… forms of something which has to be done, namely, adjustment to previous economic change. Most of what would be effective in remedying a depression would be equally effective in preventing this adjustment…” is perhaps the most zombie of zombie economic ideas. Schumpeter’s zombie leads to episodes of dorkish zombie economic derp like John Cochrane’s claim in November 2008 that we needed a recession because we were then—in November 2008—building too many houses and employing too many people in construction: Another destructive zombie idea is the idea that the Phillips Curve and adaptive expectations guarantee that you only need to worry about inflation—the unemployment will take care of itself, and that if policy errs and pushes unemployment up too high above the natural this year, you will get it back because unemployment will then necessarily be an equal amount below the natural rate in some future year—as long as inflation is stabilized.The PCAE zombie leads to episodes like today, when a surprisingly large number of people who should know better are worrying not about unemployment but only about inflationTo mix metaphors, when we go hunting for zombie economic ideas, there are lots of fish in barrels for us to shoot. We do not have to try to shoot them all. Indeed, we should not.We should, instead, listen to Markus Brunnermeier at 12:30/09:30 EDT/PDT every Thursday at Hexapodia!!References:Markus Brunnermeier & Friends: Markus’ Academy Paul Krugman (2020): Arguing with Zombies: Economics, Politics, & the Fight for a Better Future John Stuart Mill (1844): Review of Thomas Tooke, “An Inquiry into the Currency Principle” & Robert Torrens, “An Inquiry into the Practical Working of the Proposed Arrangements for the Renewal of the Charter of the Bank of England, and the Regulation of the Currency” John Quiggin (2012): Zombie Economics: How Dead Ideas Still Walk Among Us &, of course:Vernor Vinge: A Fire Upon the Deep (Remember: You can subscribe to this… weblog-like newsletter… here: There’s a free email list. There’s a paid-subscription list with (at the moment, only a few) extras too.) Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe

Find out more on our website: https://bit.ly/32MuM9E Join us in conversation with author Harold James, to discuss his key takeaways and learnings from his new book Making a Modern Central Bank. Making a Modern Central Bank examines a revolution in monetary and economic policy. This authoritative guide explores how the Bank of England shifted its traditional mechanisms to accommodate a newly internationalized financial and economic system. The Bank's transformation into a modern inflation-targeting independent central bank allowed it to focus on a precisely defined task of monetary management, ensuring price stability. The reframing of the task of central banks, however, left them increasingly vulnerable to financial crisis. James vividly outlines and discusses significant historical developments in UK monetary policy, and his knowledge of modern European history adds rich context to archival research on the Bank of England's internal documents. A worthy continuation of the previous official histories of the Bank of England, this book also reckons with contemporary issues, shedding light on the origins of growing backlash against globalization and the European Union Speaker: Harold James, the Claude and Lore Kelly Professor in European Studies at Princeton University, is Professor of History and International Affairs at the Woodrow Wilson School. His books include a study of the interwar depression in Germany, The German Slump (1986); an analysis of the changing character of national identity in Germany, A German Identity 1770-1990 (1989); International Monetary Cooperation Since Bretton Woods (1996), and The End of Globalization (2001), which is available in 8 languages. He was also co-author of a history of Deutsche Bank (1995), which won the Financial Times Global Business Book Award in 1996, and he wrote The Deutsche Bank and the Nazi Economic War Against the Jews (2001). His most recent books include Family Capitalism, Harvard University Press, 2006; The Creation and Destruction of Value: The Globalization Cycle, Harvard University Press, 2009; Making the European Monetary Union, Harvard University Press, 2012; The Euro and the Battle of Economic Ideas (with Markus K. Brunnermeier and Jean-Pierre Landau), Princeton University Press, 2016; Making A Modern Central Bank: The Bank of England 1979-2003, Cambridge University Press 2020. He is the official historian of the International Monetary Fund. In 2004 he was awarded the Helmut Schmidt Prize for Economic History, and in 2005 the Ludwig Erhard Prize for writing about economics.

From self-funding tax cuts to runaway executive pay, economists have provided intellectual support for seriously flawed policies. Reuters journalist Tom Bergin, author of “Free Lunch Thinking” tells Peter Thal Larsen how dodgy theories helped mislead politicians and the public. See acast.com/privacy for privacy and opt-out information.

Chain Reaction Host Jose Maria Macedo hosts Glen Weyl, economist and Principal Researcher at Microsoft. Glen Weyl famously wrote Radical Markets, one of the most original and creative economic treatises of our time. One of the book’s most vocal fans was Vitalik himself, and Vitalik and Glen have since collaborated on multiple initiatives, including the original Quadratic Funding paper which later spawned Gitcoin. Glen has also founded a social movement called RadicalxChange Foundation which seeks to implement his ideas. In this conversation, Glen explores his novel economic ideas and how they can be used to create new social technologies that solve some of today’s hardest problems. - Show Notes: (1:08) – Basic Ideas – Capitalism and Central Planning. (2:10) – Factors that contribute to The Decline in Productivity, combined with the Inequality (Stagnant Quality). (4:07) – Inequality, a bigger problem than a feature. (7:11) – Insights about Property being Monopoly / Solutions. (12:55) – Quadratic Finance / How do we democratize Markets. (14:56) – Insights about Private Property as a core part of Capitalism. (19:24) – Bring Markets to Democracy. (22:59) – Quadratic Voting. (28:16) – Systems of Corporations vs Systems of Central Planning. (30:03) – Governance, the different systems that have existed in the US and UK. (33:07) – Implementations of Governance in the Crypto Space. (35:24) – Fund collect goods in order to make Taxation more efficient. (38:28) – Coercion, a part of supplying Public Goods. (40:40) – Insights about Data Monopoly / Crypto as a possible solution. (49:20) – iEmbrace Contradictions! (50:44) – A global social movement called RadicalxChange. (53:33) – Books that have influenced Glen Weyl the most. (54:11) – Favorite Film, Sorry to Bother You by Boots Riley. Resources: Guest’s Twitter: https://twitter.com/glenweyl Guest’s Website: https://twitter.com/Microsoft Jose’s Twitter: https://twitter.com/zemariamacedo Delphi Podcast Twitter: https://twitter.com/PodcastDelphi More Our Video interviews Can Be Viewed Here: https://www.youtube.com/channel/UC9Yy99ZlQIX9-PdG_xHj43Q Access Delphi’s Research Here: https://www.delphidigital.io/ Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Delphi’s transparency page can be viewed here.

Pope Francis is once again blaming capitalism for what he sees as the world's problems. Don't tell that to the billions that have been lifted out of poverty by it. This isn't the first time the Pope has been wrong on economics.https://financialpost.com/opinion/opinion-pope-francis-says-capitalism-causes-hunger-this-isnt-the-first-time-hes-been-wrong-on-economicsWebsite : www.radiobaloney.com Youtube : https://www.youtube.com/channel/UCzk18m2eP8NiT-rp_7Hu_PA/aboutBitchute : https://www.bitchute.com/channel/t3bYMIC3ygoL/Minds : https://www.minds.com/radio_baloney/?referrer=radio_baloney?referrer=radio_baloneySpreaker podcast : https://www.spreaker.com/show/the-richie-baloney-showSpotify : spotify:show:7dzAquhzWqc06eHEXEyUyEApple podcasts : https://podcasts.apple.com/us/podcast/the-richie-baloney-show/id1479355356?uo=4Google Podcasts : https://www.google.com/podcasts?feed=aHR0cHM6Ly93d3cuc3ByZWFrZXIuY29tL3Nob3cvNDAzNjc4MS9lcGlzb2Rlcy9mZWVkPodcast addict : http://podplayer.net/?podId=2452790Castbox : https://castbox.fm/channel/id2360272PODCHASER : https://www.podchaser.com/podcasts/the-richie-baloney-show-995436

How is the US economy performing today? How should we think about the turn against free markets by prominent figures of the Left and the Right? What economic policies might spur innovation and growth in the future? In this Conversation, Harvard economist N. Gregory Mankiw analyzes the current moment and shares his perspective on the major economic policies and ideas of the Left and the Right. According to Mankiw, the American economy remains robust and dynamic, despite only good (rather than excellent) economic growth in recent years and increased consternation about the rise of inequality. Criticizing policies that rely excessively on central planning, Mankiw calls for high-skilled immigration, innovative approaches to education, and maintaining incentives that yield investment in research and development. He also suggests some alterations in tax and welfare policies that might help ameliorate problems we face in the short and long term.

How is the US economy performing today? How should we think about the turn against free markets by prominent figures of the Left and the Right? What economic policies might spur innovation and growth in the future? In this Conversation, Harvard economist N. Gregory Mankiw analyzes the current moment and shares his perspective on the major economic policies and ideas of the Left and the Right. According to Mankiw, the American economy remains robust and dynamic, despite only good (rather than excellent) economic growth in recent years and increased consternation about the rise of inequality. Criticizing policies that rely excessively on central planning, Mankiw calls for high-skilled immigration, innovative approaches to education, and maintaining incentives that yield investment in research and development. He also suggests some alterations in tax and welfare policies that might help ameliorate problems we face in the short and long term.

How is the US economy performing today? How should we think about the turn against free markets by prominent figures of the Left and the Right? What economic policies might spur innovation and growth in the future? In this Conversation, Harvard economist N. Gregory Mankiw analyzes the current moment and shares his perspective on the major economic policies and ideas of the Left and the Right. According to Mankiw, the American economy remains robust and dynamic, despite only good (rather than excellent) economic growth in recent years and increased consternation about the rise of inequality. Criticizing policies that rely excessively on central planning, Mankiw calls for high-skilled immigration, innovative approaches to education, and maintaining incentives that yield investment in research and development. He also suggests some alterations in tax and welfare policies that might help ameliorate problems we face in the short and long term.

Today's Flash Back Friday comes from Episode 1019, originally published in June 2018. Jason Hartman has a solo episode today as he explores some recent news stories and examines a few items of the day. Venturing all over the topics, Jason mulls over why it's pretty common for the most popular economists to have the worst economic ideas (a la Karl Marx) and why the best economic ideas have the most disliked economists. Which leads to the question, what stupid ideas are we as a society embracing today? He also discusses the Supreme Court ruling that will somewhat level the field of retail as online retailers are now able to be taxed by the states, giving at least some form of a light at the end of the tunnel for retailers. Other topics of the day include the cost of terrorist protection, technology vs inflation, preventing identity theft, and the potential beginning of the demise of a massively overvalued (in Jason's mind) company. Key Takeaways: [4:54] The economists who present the best economic views are not the most popular [7:39] What totally stupid ideas are we embracing as a society today? [13:08] One massively overvalued publicly traded company today [16:39] The tax field was significantly leveled last week [21:14] The battling forces of inflation and technology [24:22] Why you need to shred EVERYTHING with a cross cut shredder [26:45] If you can geoarbitrage, make a conscious choice to live in a higher quality location with a lower cost of living and low or no state income tax [32:57] The demographics coming at the rental housing market in the next 10 years are nothing short of phenomenal Website: www.JasonHartman.com/Properties

On this episode, something a little different. Aidan Regan is an assistant professor at the School of Politics/International Relations at University College Dublin UCD, and has a podcast we think you'll like. We think you'll especially like this episode, since he recorded it while at a conference hosted by the Rhodes Center. His guest? Mark Blyth. He and Mark talk about how Mark first got interested in political economy, the perception versus reality of Europe's economic challenges, and why some bad economic ideas are just too good to give up. You can read a transcript of this episode here: [https://drive.google.com/file/d/1fislkd-yjs4W4z2M_uHqlQVdQXhTF8Ug/view?usp=sharing]

Please consider becoming a supporter on Patreon. Your support helps pay for the audio hosting service, the website, research materials, and other costs of delivering the podcast. Plus there are special perks available only to Patreon supporters, including footnotes, book reviews, special recognition, and more.Visit https://www.patreon.com/indrevpod today. Thank you!This week we discuss the so-called “Classical” school of economics, and the various ideas about capitalism, free trade, and labor during that period. In particular, we'll be discussing the lives and works of Jean-Baptiste Say, David Ricardo, John Stuart Mill, the guys who influenced them, and the guys they influenced in turn.

This week we discuss the life and times of the Father of Economics, including his native Scotland, his early years and education, his intellectual influences, his career, and his magnum opus: The Wealth of Nations.

At the dawn of the First Industrial Revolution, a new academic field emerged: Economics. (Well, something called “Political Economy” anyway.)  But centuries of economic thought had to be supplanted first.In this Chapter, we review some of the ideas that permeated Europe leading up to the Industrial Revolutions. We'll discuss the works of Plato and Aristotle, the Scholastics, the Mercantilists, Quesnay and the Physiocrats, Galiani, Beccaria, Verri, and of course, Thomas Robert Malthus.

Echoing the narrative style of Director Quentin Tarantino, Professor Lawrence H. White delivers an overview of the economic intellectual debates of the 20th century in his book 'Clash of Economic Ideas.' These debates are framed through the lenses of individuals such as Irving Fisher, Rexford Tugwell, Wilhelm Röpke, Ludwig Erhard, George Stigler, Ronald Coase, John Maynard Keynes, F. A. Hayek, and others. What results is a non-linear and captivating historical narrative that offers a refreshing perspective from the roaring twenties and the Great Depression to the Great Inflation and fiscal policy issues of today. CC Music: Twisterium

Jason Hartman has a solo episode today as he explores some recent news stories and examines a few items of the day. Venturing all over the topics, Jason mulls over why it's pretty common for the most popular economists to have the worst economic ideas (a la Karl Marx) and why the best economic ideas have the most disliked economists. Which leads to the question, what stupid ideas are we as a society embracing today? He also discusses the Supreme Court ruling that will somewhat level the field of retail as online retailers are now able to be taxed by the states, giving at least some form of a light at the end of the tunnel for retailers. Other topics of the day include the cost of terrorist protection, technology vs inflation, preventing identity theft, and the potential beginning of the demise of a massively overvalued (in Jason's mind) company. Key Takeaways: [4:54] The economists who present the best economic views are not the most popular [7:39] What totally stupid ideas are we embracing as a society today? [13:08] One massively overvalued publicly traded company today [16:39] The tax field was significantly leveled last week [21:14] The battling forces of inflation and technology [24:22] Why you need to shred EVERYTHING with a cross cut shredder [26:45] If you can geoarbitrage, make a conscious choice to live in a higher quality location with a lower cost of living and low or no state income tax [32:57] The demographics coming at the rental housing market in the next 10 years are nothing short of phenomenal Website: www.JasonHartman.com/Properties

I was joined in Oxford by Ben Clift, Professor of Political Economy, Deputy Head of Department and Director of Research at the Department of Politics and International Studies of the University of Warwick. Ben has just published a very important, timely and interesting book on the IMF: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis by Ben Clift (Oxford University Press, 2018). The book provides the first comprehensive analysis of major shifts in IMF fiscal policy thinking as a consequence of the great financial crisis and the Eurozone debt crisis. It widely presents the IMF’s role in the politics of austerity. The book also offers an innovative theory specifying four mechanisms of IMF ideational change – reconciliation, operationalization, corroboration, and authoritative recognition. It combines in-depth content analysis of the Fund’s vast intellectual production with extensive interviews with IMF economists and management. The book is structured in seven chapters plus conclusions: 1: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis 2: Ideational Change at the IMF after the Crash 3: IMF, Economic Schools of Thought, and Their Normative Underpinnings 4: Analysing the IMF Surveillance of Advanced Economies: The Social Construction of Fiscal Space 5: The Fund’s Fiscal Policy Views and the Politics of Austerity 6: The IMF, the UK Policy Debate, and Debt & Deficit Discourse 7: The IMF and the French Fiscal Rectitude amidst the Eurozone Crisis Conclusion – IMF Intellectual Authority and the Politics of Economic Ideas After the Crash IMF has been strongly criticised by economists, politicians, intellectuals and activists of the protest movements. This book might surprise many of them because it presents a much more pluralist if not heterodox set of economic ideas present and followed by the IMF’s economists and managers. The readers would discover that during the Greek crisis the IMF suggested a more flexible approach. In the case of Britain the IMF criticised the austerity policy of the Coalition Government. And in general the IMF has recently signalled that fiscal rectitude is not enough without support to aggregate demand and that inequality has to be monitored as well. Professor Clift argues that the Fund’s crisis-defining economic ideas, and crisis legacy defining ideas, were important in constructing particular interpretations of the crisis. ‘Fund leadership articulated a Keynesian market failure understanding of the crisis, focussing on deficiencies of aggregate demand, and on the destabilising properties of financial markets. The Fund’s re-emphasising of Keynesian insights into liquidity traps, demand deficiency, higher fiscal multipliers, and the folly of all countries consolidating at once sat outside orthodox economic policy-making ideas at the time. These were not the lessons policy-makers had typically drawn from academic economics before the crisis.’ This book is for those interested in the politics of economic ideas and in the interaction between economics and politics. IMF is presented as an arena where new economic ideas and the dominance of different schools of economic thought emerge. Despite internal politics, institutional rules and member states’ influence, the IMF has shown autonomy and intellectual authority. Our conversation ended talking about the future of the institution particularly looking at the European Union financial integration. Learn more about your ad choices. Visit megaphone.fm/adchoices

I was joined in Oxford by Ben Clift, Professor of Political Economy, Deputy Head of Department and Director of Research at the Department of Politics and International Studies of the University of Warwick. Ben has just published a very important, timely and interesting book on the IMF: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis by Ben Clift (Oxford University Press, 2018). The book provides the first comprehensive analysis of major shifts in IMF fiscal policy thinking as a consequence of the great financial crisis and the Eurozone debt crisis. It widely presents the IMF’s role in the politics of austerity. The book also offers an innovative theory specifying four mechanisms of IMF ideational change – reconciliation, operationalization, corroboration, and authoritative recognition. It combines in-depth content analysis of the Fund’s vast intellectual production with extensive interviews with IMF economists and management. The book is structured in seven chapters plus conclusions: 1: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis 2: Ideational Change at the IMF after the Crash 3: IMF, Economic Schools of Thought, and Their Normative Underpinnings 4: Analysing the IMF Surveillance of Advanced Economies: The Social Construction of Fiscal Space 5: The Fund’s Fiscal Policy Views and the Politics of Austerity 6: The IMF, the UK Policy Debate, and Debt & Deficit Discourse 7: The IMF and the French Fiscal Rectitude amidst the Eurozone Crisis Conclusion – IMF Intellectual Authority and the Politics of Economic Ideas After the Crash IMF has been strongly criticised by economists, politicians, intellectuals and activists of the protest movements. This book might surprise many of them because it presents a much more pluralist if not heterodox set of economic ideas present and followed by the IMF’s economists and managers. The readers would discover that during the Greek crisis the IMF suggested a more flexible approach. In the case of Britain the IMF criticised the austerity policy of the Coalition Government. And in general the IMF has recently signalled that fiscal rectitude is not enough without support to aggregate demand and that inequality has to be monitored as well. Professor Clift argues that the Fund’s crisis-defining economic ideas, and crisis legacy defining ideas, were important in constructing particular interpretations of the crisis. ‘Fund leadership articulated a Keynesian market failure understanding of the crisis, focussing on deficiencies of aggregate demand, and on the destabilising properties of financial markets. The Fund’s re-emphasising of Keynesian insights into liquidity traps, demand deficiency, higher fiscal multipliers, and the folly of all countries consolidating at once sat outside orthodox economic policy-making ideas at the time. These were not the lessons policy-makers had typically drawn from academic economics before the crisis.’ This book is for those interested in the politics of economic ideas and in the interaction between economics and politics. IMF is presented as an arena where new economic ideas and the dominance of different schools of economic thought emerge. Despite internal politics, institutional rules and member states’ influence, the IMF has shown autonomy and intellectual authority. Our conversation ended talking about the future of the institution particularly looking at the European Union financial integration. Learn more about your ad choices. Visit megaphone.fm/adchoices

I was joined in Oxford by Ben Clift, Professor of Political Economy, Deputy Head of Department and Director of Research at the Department of Politics and International Studies of the University of Warwick. Ben has just published a very important, timely and interesting book on the IMF: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis by Ben Clift (Oxford University Press, 2018). The book provides the first comprehensive analysis of major shifts in IMF fiscal policy thinking as a consequence of the great financial crisis and the Eurozone debt crisis. It widely presents the IMF’s role in the politics of austerity. The book also offers an innovative theory specifying four mechanisms of IMF ideational change – reconciliation, operationalization, corroboration, and authoritative recognition. It combines in-depth content analysis of the Fund’s vast intellectual production with extensive interviews with IMF economists and management. The book is structured in seven chapters plus conclusions: 1: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis 2: Ideational Change at the IMF after the Crash 3: IMF, Economic Schools of Thought, and Their Normative Underpinnings 4: Analysing the IMF Surveillance of Advanced Economies: The Social Construction of Fiscal Space 5: The Fund’s Fiscal Policy Views and the Politics of Austerity 6: The IMF, the UK Policy Debate, and Debt & Deficit Discourse 7: The IMF and the French Fiscal Rectitude amidst the Eurozone Crisis Conclusion – IMF Intellectual Authority and the Politics of Economic Ideas After the Crash IMF has been strongly criticised by economists, politicians, intellectuals and activists of the protest movements. This book might surprise many of them because it presents a much more pluralist if not heterodox set of economic ideas present and followed by the IMF’s economists and managers. The readers would discover that during the Greek crisis the IMF suggested a more flexible approach. In the case of Britain the IMF criticised the austerity policy of the Coalition Government. And in general the IMF has recently signalled that fiscal rectitude is not enough without support to aggregate demand and that inequality has to be monitored as well. Professor Clift argues that the Fund’s crisis-defining economic ideas, and crisis legacy defining ideas, were important in constructing particular interpretations of the crisis. ‘Fund leadership articulated a Keynesian market failure understanding of the crisis, focussing on deficiencies of aggregate demand, and on the destabilising properties of financial markets. The Fund’s re-emphasising of Keynesian insights into liquidity traps, demand deficiency, higher fiscal multipliers, and the folly of all countries consolidating at once sat outside orthodox economic policy-making ideas at the time. These were not the lessons policy-makers had typically drawn from academic economics before the crisis.’ This book is for those interested in the politics of economic ideas and in the interaction between economics and politics. IMF is presented as an arena where new economic ideas and the dominance of different schools of economic thought emerge. Despite internal politics, institutional rules and member states’ influence, the IMF has shown autonomy and intellectual authority. Our conversation ended talking about the future of the institution particularly looking at the European Union financial integration.

I was joined in Oxford by Ben Clift, Professor of Political Economy, Deputy Head of Department and Director of Research at the Department of Politics and International Studies of the University of Warwick. Ben has just published a very important, timely and interesting book on the IMF: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis by Ben Clift (Oxford University Press, 2018). The book provides the first comprehensive analysis of major shifts in IMF fiscal policy thinking as a consequence of the great financial crisis and the Eurozone debt crisis. It widely presents the IMF’s role in the politics of austerity. The book also offers an innovative theory specifying four mechanisms of IMF ideational change – reconciliation, operationalization, corroboration, and authoritative recognition. It combines in-depth content analysis of the Fund’s vast intellectual production with extensive interviews with IMF economists and management. The book is structured in seven chapters plus conclusions: 1: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis 2: Ideational Change at the IMF after the Crash 3: IMF, Economic Schools of Thought, and Their Normative Underpinnings 4: Analysing the IMF Surveillance of Advanced Economies: The Social Construction of Fiscal Space 5: The Fund’s Fiscal Policy Views and the Politics of Austerity 6: The IMF, the UK Policy Debate, and Debt & Deficit Discourse 7: The IMF and the French Fiscal Rectitude amidst the Eurozone Crisis Conclusion – IMF Intellectual Authority and the Politics of Economic Ideas After the Crash IMF has been strongly criticised by economists, politicians, intellectuals and activists of the protest movements. This book might surprise many of them because it presents a much more pluralist if not heterodox set of economic ideas present and followed by the IMF’s economists and managers. The readers would discover that during the Greek crisis the IMF suggested a more flexible approach. In the case of Britain the IMF criticised the austerity policy of the Coalition Government. And in general the IMF has recently signalled that fiscal rectitude is not enough without support to aggregate demand and that inequality has to be monitored as well. Professor Clift argues that the Fund’s crisis-defining economic ideas, and crisis legacy defining ideas, were important in constructing particular interpretations of the crisis. ‘Fund leadership articulated a Keynesian market failure understanding of the crisis, focussing on deficiencies of aggregate demand, and on the destabilising properties of financial markets. The Fund’s re-emphasising of Keynesian insights into liquidity traps, demand deficiency, higher fiscal multipliers, and the folly of all countries consolidating at once sat outside orthodox economic policy-making ideas at the time. These were not the lessons policy-makers had typically drawn from academic economics before the crisis.’ This book is for those interested in the politics of economic ideas and in the interaction between economics and politics. IMF is presented as an arena where new economic ideas and the dominance of different schools of economic thought emerge. Despite internal politics, institutional rules and member states’ influence, the IMF has shown autonomy and intellectual authority. Our conversation ended talking about the future of the institution particularly looking at the European Union financial integration. Learn more about your ad choices. Visit megaphone.fm/adchoices

I was joined in Oxford by Ben Clift, Professor of Political Economy, Deputy Head of Department and Director of Research at the Department of Politics and International Studies of the University of Warwick. Ben has just published a very important, timely and interesting book on the IMF: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis by Ben Clift (Oxford University Press, 2018). The book provides the first comprehensive analysis of major shifts in IMF fiscal policy thinking as a consequence of the great financial crisis and the Eurozone debt crisis. It widely presents the IMF’s role in the politics of austerity. The book also offers an innovative theory specifying four mechanisms of IMF ideational change – reconciliation, operationalization, corroboration, and authoritative recognition. It combines in-depth content analysis of the Fund’s vast intellectual production with extensive interviews with IMF economists and management. The book is structured in seven chapters plus conclusions: 1: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis 2: Ideational Change at the IMF after the Crash 3: IMF, Economic Schools of Thought, and Their Normative Underpinnings 4: Analysing the IMF Surveillance of Advanced Economies: The Social Construction of Fiscal Space 5: The Fund’s Fiscal Policy Views and the Politics of Austerity 6: The IMF, the UK Policy Debate, and Debt & Deficit Discourse 7: The IMF and the French Fiscal Rectitude amidst the Eurozone Crisis Conclusion – IMF Intellectual Authority and the Politics of Economic Ideas After the Crash IMF has been strongly criticised by economists, politicians, intellectuals and activists of the protest movements. This book might surprise many of them because it presents a much more pluralist if not heterodox set of economic ideas present and followed by the IMF’s economists and managers. The readers would discover that during the Greek crisis the IMF suggested a more flexible approach. In the case of Britain the IMF criticised the austerity policy of the Coalition Government. And in general the IMF has recently signalled that fiscal rectitude is not enough without support to aggregate demand and that inequality has to be monitored as well. Professor Clift argues that the Fund’s crisis-defining economic ideas, and crisis legacy defining ideas, were important in constructing particular interpretations of the crisis. ‘Fund leadership articulated a Keynesian market failure understanding of the crisis, focussing on deficiencies of aggregate demand, and on the destabilising properties of financial markets. The Fund’s re-emphasising of Keynesian insights into liquidity traps, demand deficiency, higher fiscal multipliers, and the folly of all countries consolidating at once sat outside orthodox economic policy-making ideas at the time. These were not the lessons policy-makers had typically drawn from academic economics before the crisis.’ This book is for those interested in the politics of economic ideas and in the interaction between economics and politics. IMF is presented as an arena where new economic ideas and the dominance of different schools of economic thought emerge. Despite internal politics, institutional rules and member states’ influence, the IMF has shown autonomy and intellectual authority. Our conversation ended talking about the future of the institution particularly looking at the European Union financial integration. Learn more about your ad choices. Visit megaphone.fm/adchoices

I was joined in Oxford by Ben Clift, Professor of Political Economy, Deputy Head of Department and Director of Research at the Department of Politics and International Studies of the University of Warwick. Ben has just published a very important, timely and interesting book on the IMF: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis by Ben Clift (Oxford University Press, 2018). The book provides the first comprehensive analysis of major shifts in IMF fiscal policy thinking as a consequence of the great financial crisis and the Eurozone debt crisis. It widely presents the IMF's role in the politics of austerity. The book also offers an innovative theory specifying four mechanisms of IMF ideational change – reconciliation, operationalization, corroboration, and authoritative recognition. It combines in-depth content analysis of the Fund's vast intellectual production with extensive interviews with IMF economists and management. The book is structured in seven chapters plus conclusions: 1: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis 2: Ideational Change at the IMF after the Crash 3: IMF, Economic Schools of Thought, and Their Normative Underpinnings 4: Analysing the IMF Surveillance of Advanced Economies: The Social Construction of Fiscal Space 5: The Fund's Fiscal Policy Views and the Politics of Austerity 6: The IMF, the UK Policy Debate, and Debt & Deficit Discourse 7: The IMF and the French Fiscal Rectitude amidst the Eurozone Crisis Conclusion – IMF Intellectual Authority and the Politics of Economic Ideas After the Crash IMF has been strongly criticised by economists, politicians, intellectuals and activists of the protest movements. This book might surprise many of them because it presents a much more pluralist if not heterodox set of economic ideas present and followed by the IMF's economists and managers. The readers would discover that during the Greek crisis the IMF suggested a more flexible approach. In the case of Britain the IMF criticised the austerity policy of the Coalition Government. And in general the IMF has recently signalled that fiscal rectitude is not enough without support to aggregate demand and that inequality has to be monitored as well. Professor Clift argues that the Fund's crisis-defining economic ideas, and crisis legacy defining ideas, were important in constructing particular interpretations of the crisis. ‘Fund leadership articulated a Keynesian market failure understanding of the crisis, focussing on deficiencies of aggregate demand, and on the destabilising properties of financial markets. The Fund's re-emphasising of Keynesian insights into liquidity traps, demand deficiency, higher fiscal multipliers, and the folly of all countries consolidating at once sat outside orthodox economic policy-making ideas at the time. These were not the lessons policy-makers had typically drawn from academic economics before the crisis.' This book is for those interested in the politics of economic ideas and in the interaction between economics and politics. IMF is presented as an arena where new economic ideas and the dominance of different schools of economic thought emerge. Despite internal politics, institutional rules and member states' influence, the IMF has shown autonomy and intellectual authority. Our conversation ended talking about the future of the institution particularly looking at the European Union financial integration.

I was joined in Oxford by Ben Clift, Professor of Political Economy, Deputy Head of Department and Director of Research at the Department of Politics and International Studies of the University of Warwick. Ben has just published a very important, timely and interesting book on the IMF: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis by Ben Clift (Oxford University Press, 2018). The book provides the first comprehensive analysis of major shifts in IMF fiscal policy thinking as a consequence of the great financial crisis and the Eurozone debt crisis. It widely presents the IMF’s role in the politics of austerity. The book also offers an innovative theory specifying four mechanisms of IMF ideational change – reconciliation, operationalization, corroboration, and authoritative recognition. It combines in-depth content analysis of the Fund’s vast intellectual production with extensive interviews with IMF economists and management. The book is structured in seven chapters plus conclusions: 1: The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis 2: Ideational Change at the IMF after the Crash 3: IMF, Economic Schools of Thought, and Their Normative Underpinnings 4: Analysing the IMF Surveillance of Advanced Economies: The Social Construction of Fiscal Space 5: The Fund’s Fiscal Policy Views and the Politics of Austerity 6: The IMF, the UK Policy Debate, and Debt & Deficit Discourse 7: The IMF and the French Fiscal Rectitude amidst the Eurozone Crisis Conclusion – IMF Intellectual Authority and the Politics of Economic Ideas After the Crash IMF has been strongly criticised by economists, politicians, intellectuals and activists of the protest movements. This book might surprise many of them because it presents a much more pluralist if not heterodox set of economic ideas present and followed by the IMF’s economists and managers. The readers would discover that during the Greek crisis the IMF suggested a more flexible approach. In the case of Britain the IMF criticised the austerity policy of the Coalition Government. And in general the IMF has recently signalled that fiscal rectitude is not enough without support to aggregate demand and that inequality has to be monitored as well. Professor Clift argues that the Fund’s crisis-defining economic ideas, and crisis legacy defining ideas, were important in constructing particular interpretations of the crisis. ‘Fund leadership articulated a Keynesian market failure understanding of the crisis, focussing on deficiencies of aggregate demand, and on the destabilising properties of financial markets. The Fund’s re-emphasising of Keynesian insights into liquidity traps, demand deficiency, higher fiscal multipliers, and the folly of all countries consolidating at once sat outside orthodox economic policy-making ideas at the time. These were not the lessons policy-makers had typically drawn from academic economics before the crisis.’ This book is for those interested in the politics of economic ideas and in the interaction between economics and politics. IMF is presented as an arena where new economic ideas and the dominance of different schools of economic thought emerge. Despite internal politics, institutional rules and member states’ influence, the IMF has shown autonomy and intellectual authority. Our conversation ended talking about the future of the institution particularly looking at the European Union financial integration. Learn more about your ad choices. Visit megaphone.fm/adchoices

Veronique de Rugy, Senior Research Fellow at the Mercatus Center at George Mason University, discusses the lessons learned from intellectual giants in the long-running battle over economic ideas. Economist Milton Friedman's impossible battle for school choice began in 1955, yet today is widely accepted. Friedrich Hayek's 1952 treatise against authoritarian government economic controls that informed Prime Minister Margaret Thatcher's revolutionary economic policies in Great Britain. Ronald Coase's concept of auctioning the spectrum (thought a joke by the FCC when he testified to it in 1959) became reality under President Clinton in the 1990s. The pattern in these stories is that (a) it takes time to fight the battle of economic (or any other) ideas, (b) it takes tenacity, and (c) it takes patience to win the battles of ideas that continue today with each of us. She closes with advice to today's warriors. Her remarks were recorded at CBLPI's Florida Women's Summit in April 2018.

Veronique de Rugy, Senior Research Fellow at the Mercatus Center at George Mason University, discusses the lessons learned from intellectual giants in the long-running battle over economic ideas. Economist Milton Friedman's impossible battle for school choice began in 1955, yet today is widely accepted. Friedrich Hayek's 1952 treatise against authoritarian government economic controls that informed Prime Minister Margaret Thatcher's revolutionary economic policies in Great Britain. Ronald Coase's concept of auctioning the spectrum (thought a joke by the FCC when he testified to it in 1959) became reality under President Clinton in the 1990s. The pattern in these stories is that (a) it takes time to fight the battle of economic (or any other) ideas, (b) it takes tenacity, and (c) it takes patience to win the battles of ideas that continue today with each of us. She closes with advice to today's warriors. Her remarks were recorded at CBLPI's Florida Women's Summit in April 2018.

Guest: Steven Medema, Distinguished Professor of Economics at the University of Colorado Denver Hosted and Produced: Christina Laskaridis This episode features the Historical and Philosophical Perspectives on Economics (HPPE) seminar at LSE with Professor Steven Medema on "Exceptional and Unimportant"? The Rise, Fall, and Rebirth of Externalities in Economic Analysis that took place on 8th November 2017. About the presenter: Steven Medema is Distinguished Professor of Economics and Director of CU Denver's University Honors and Leadership Program. His research focuses on the history of twentieth-century economics, and his current project analyzes the origins, diffusion, and controversies over the Coase theorem in economics, law and beyond. He co-edited the 2014 book, Paul Samuelson on the History of Economic Analysis: Selected Essays (CUP) with Anthony Waterman. His 2009 book, The Hesitant Hand: Taming Self-Interest in the History of Economic Ideas (Princeton), was awarded the 2010 Book Prize by the European Society for the History of Economic Thought. Professor Medema served as Editor of the Journal of the History of Economic Thought from 1999-2008 and currently serves as General Editor of Oxford Studies in the History of Economics (OUP). He is a member of the editorial boards of several history of economics journals and served as President of the History of Economics Society for 2009-10. About the Paper: Economists typically locate the origins of the theory of externalities in A.C. Pigou’s The Economics of Welfare (1920, 1932), where Pigou suggested that activities which generate uncompensated benefits or costs—e.g., pollution, lighthouses, scientific research—represent instances of market failure requiring government corrective action. According to this history, Pigou’s effort gave rise to an unbroken Pigovian tradition in externality theory that continues to exert a substantial presence in the literature to this day, even with the stiff criticisms of it laid down by Ronald Coase (1960) and others beginning in the 1960s. This paper challenges that view. It demonstrates that, almost immediately after the publication of The Economics of Welfare, economists largely stopped writing about externalities. On the rare occasions when externalities were mentioned, it was in the context of whether a competitive equilibrium could produce an efficient allocation of resources and to note that externalities were an impediment to the attainment of the optimum. When economists once again began to take up the subject of externalities in a serious way, the very real externality phenomena—pollution, etc.—that had concerned Pigou were not in evidence. Instead, the analysis was targeted at identifying how and why externalities violated the necessary conditions for an optimal allocation of resources in a competitive system. In short, externalities were conceived very differently in the welfare theory of the 1950s than they had been in Pigou’s treatise. It was only when economists began to turn their attention to environmental and urban problems that we see a return to a conception of externalities as real, policy-relevant phenomena—that is, to the type of externality analysis that had preoccupied Pigou and that characterizes the economic analysis of externalities today. Even then, however, the approach to externality policy was anything but straightforwardly Pigovian in nature. The history of externality theory is therefore not a history of a continuous tradition but of changing conceptions of externalities, framed by changing ideas about what economic theory is attempting to achieve. The paper can be downloaded here. About HPPE: The HPPE seminar series is organised by PhD students at the Economic History Department at LSE established by Gerardo Serra and Raphaelle Schwarzberg in 2012. The seminar brings together scholars from different disciplines to discuss the evolution of economic thinking and embraces topics from Ancient Greece...

See acast.com/privacy for privacy and opt-out information.

Lawrence H. White of George Mason University and author of The Clash of Economic Ideas talks to EconTalk host Russ Roberts about the economists and their ideas of the past one hundred years. They discuss Keynes and Hayek, monetary policy and the Great Depression, Germany after the Second World War, the economy of India, and the future of monetary policy.

Lawrence H. White of George Mason University and author of The Clash of Economic Ideas talks to EconTalk host Russ Roberts about the economists and their ideas of the past one hundred years. They discuss Keynes and Hayek, monetary policy and the Great Depression, Germany after the Second World War, the economy of India, and the future of monetary policy.

See acast.com/privacy for privacy and opt-out information.

I’m pleased to announce a new feature on Kosmos: Classroom in a Box! This resource will highlight liberty-advancing courses being taught around the country and give you access to everything needed to replicate a similar course – syllabi, readings, instructor interviews and more.   Our very first Classroom in a Box course is “Freedom and Markets: The Clash of Economic Ideas,” taught by Dr. Bruce Caldwell at Duke University.   Dr. Caldwell is Research Professor of Economics at Duke University and the director of the Center for the History of Political Economy.

David Gordon offers Commentary on the 2009 ASC Panel: Rethinking the History of Economic Ideas.

Joseph T. Salerno presents Was Rothbard a Mainstream Economist? From the 2009 ASC Panel: Rethinking the History of Economic Ideas.

Wladimir Kraus presents The Essence of Keynesian Economics: A Critique. From the 2009 ASC Panel: Rethinking the History of Economic Ideas.

Antonio Masala presents The Battle of Ideas from Keynes to Thatcher. From the 2009 ASC Panel: Rethinking the History of Economic Ideas.