Podcasts about Friedrich Hayek

This is a part 1 of 2 episode series. I didn't know what Austrian Economics was when I first bought Bitcoin. I barely understood economics at all. But after 12 years of going deeper because of Bitcoin I'm starting to get it. And once you do, you can't unsee it.There are two competing schools of economic thought. One gets taught in every university in the world. The other predicted every major financial crisis of the last century and barely makes it onto the syllabus. This episode is about the second one.In this episode:What Austrian Economics actually is, where it came from, and why the school that predicted 2008, the dot-com crash and the COVID inflation spiral gets almost no airtime in mainstream economics educationSubjective value explained simply why no government, central bank or committee has the information needed to set prices correctly, and what happens every time they tryHard money versus soft money the mechanism that has quietly transferred wealth from wage earners to asset holders for the last 50 years, and why the pound in your pocket has lost 94% of its value in one working lifetimeThis is Part 1 of 2. Part 2 connects everything here directly to Bitcoin including a 1984 Friedrich Hayek quote that sounds like he was describing Bitcoin 25 years before it existed.If you've got questions and don't really have anyone to talk to about Bitcoin...-- Book a free call: [LINK] -- Follow Myles on Instagram: [LINK] -- Check My Personal Website: [LINK]Most people around you - family, friends, colleagues - don't really get it yet. And the internet is full of hype merchants who just want your attention.Book a free call with Myles. It's a genuine conversation, not a sales pitch. No agenda, no pressure - just a calm 15 minutes to talk through where you are and how to think about this properly.You can a Book a call with Myles here with this link. No Sell. Totally free. Secure your Bitcoin properly I came across MicroSeed because I was looking for a simple way to back up a seed phrase properly. Something small, discreet, and durable without needing loads of extra kit. Most options felt overcomplicated or a bit clunky. This didn't.It's a solid, no-nonsense way to secure your Bitcoin and actually take self-custody seriously.If that's something you've been meaning to sort out, you can check out MicroSeed and use code MYLES for a discount from https://microseed.io/shop/Hit follow, so you never miss the latest in...

Hayek's Warning We Ignored: Government Planning Doesn't Fix Economies Watch this video at- https://youtu.be/WxW7JRc414Y?si=KYnuRHH_Fst8VMHU John Stossel  and misesmedia 401,851 views Mar 24, 2026 Politicians say they can “fix” the economy. But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems. _ _ _ _ _ _ To make sure you receive weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscrib... _ _ _ _ _ _ Hayek and Mises predicted the fall of the Soviet Union. They warned that centrally planned economies fail. But today, socialism is popular again. New York and Seattle have elected socialist mayors. Many politicians still believe that government can manage the economy—an idea popularized by economist John Maynard Keynes. Keynes was revered. Politicians love his arguments. But Hayek and Mises warned that government intervention leads to inflation, instability, and boom-bust cycles. They were right. Ryan McMaken of the Mises Institute ‪@misesmedia explains why we should read Hayek and Mises today.   Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle! Watch this video at- https://youtu.be/d0nERTFo-Sk?si=ro3Ri4lyv4l8yqir Radical Discourse 8,838,188 views Jan 23, 2010 Subscribe to our channel:    / econstories   If you enjoyed this video, you should watch this one next:    • EconPop - The Economics of RoboCop   Produced by Emergent Order. Visit us at http://www.emergentorder.com. Econstories.tv is a place to learn about the economic way of thinking through the eyes of creative director John Papola and creative economist Russ Roberts. Explore more at http://EconStories.tv In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there's a "boom and bust" cycle in modern economies and good reason to fear it. DOWNLOAD THE SONG in the highest quality possible here: https://itunes.apple.com/us/album/fea... Plus, to see and hear more from the stars of Fear the Boom and Bust, Billy Scafuri and Adam Lustick, visit their site: http://www.billyandadam.com Music was produced by Jack Bradley at Blackboard3 Music and Sound Design. It was composed and performed by Richard Royston Jacobs.

Two hundred and fifty years after Adam Smith published The Wealth of Nations, the economy looks very different from the world he described.Firms are bigger. Production is more centralized. AI and automation are changing what companies can do at scale. And yet markets still matter, perhaps more than ever, in deciding which firms rise, which fall, and how innovation spreads.In this episode of Central Questions, Stefan Ingves speaks with Yueran Ma, Professor of Finance at the University of Chicago Booth School of Business, about the rise of large corporations, the changing role of capital and labor, and what Adam Smith, Karl Marx, and Friedrich Hayek can still teach us about today's economy.They discuss why the largest firms now account for a growing share of output and assets, why employment has not concentrated in the same way, what AI could mean for productivity and inequality, and why financial markets may be crucial for spreading the gains from capital more broadly.Guest: Yueran Ma, Professor of Finance, University of Chicago Booth School of BusinessHost: Stefan Ingves, former Governor of the Riksbank and Senior Fellow at Swedish House of FinanceTopics: Adam Smith, Wealth of Nations, Yueran Ma, Stefan Ingves, Central Questions, Swedish House of Finance, large firms, corporations, AI, automation, capital deepening, productivity, corporate finance, economic growth, financial markets, capitalism, Karl Marx, Hayek, visible hand, invisible hand, firm concentration, monetary policy, innovation, Chicago Booth

Die Frage, wo Wissen und Expertise in einer Gesellschaft liegen und wie wir mit der daraus entspringenden Komplexität umgehen können ist einer der wesentlichen Themen meines neuen Buches Hexenmeister oder Zauberlehrling? Die Wissensgesellschaft in der Krise. Lesen Sie dort mehr über die tieferliegenden Prinzipien und Folgen. Auch die Tatsache, dass es hier wiederkehrende Phänomene gibt, derer man sich bewusst sein sollte. Nun kommt eine neue Dimension dieses Themas auf uns zu — Software. Und das ist das konkrete Thema der heutigen Episode. Achtung: nicht abschalten, nur weil Sie kein Softwareentwickler sind: dieses Thema und damit die Episode ist von sehr prinzipieller Bedeutung. Software ist das Nervensystem unserer Gesellschaft. Sie bestimmt in immer größerem Maße, wie unsere Welt funktioniert, oder fallweise auch nicht funktioniert, sie eröffnet neue Möglichkeiten aber auch erhebliche Risiken. Die Frage, wie Software mit unserer Welt interagiert, ist daher kein Expertenproblem (alleine), sondern eines, das alle Menschen beschäftigen sollte. Die aktuellen Entwicklungen der künstlichen Intelligenz scheinen Software auf systemischer Ebene sehr grundlegend zu verändern. Auf eine Weise, die folglich allen Menschen in einer modernen Gesellschaft bewusst sein sollte. Diese Episode soll wieder zum Nachdenken und Widerspruch anregen — schreiben Sie mir Ihre Ideen! Andere Episoden Episode 150: Wie kommt Neues in die Welt? Episode 148: Künstliche Vernunft? Ein Gespräch mit Jan Juhani Steinmann Episode 147: Digitale Kolonie oder Souveränität? Ein Gespräch mit Wilfried Jäger und Kevin Mallinger Episode 139: Komfortable Disruption Episode 135: Friedrich Hayek und die Beschränktheit der menschlichen Vernunft. Ein Gespräch mit Nickolas Emrich Episode 134: Das Werdende, das ewig wirkt und lebt? Transzendent oder Transient Episode 132: Fragen an die künstliche Intelligenz — eine konstruktive Irritation Episode 129: Rules, A Conversation with Prof. Lorraine Daston Episode 123: Die Natur kennt feine Grade, Ein Gespräch mit Prof. Frank Zachos Episode 122: Komplexitätsillusion oder Heuristik, ein Gespräch mit Gerd Gigerenzer Episode 121: Künstliche Unintelligenz Episode 109: Was ist Komplexität? Ein Gespräch mit Dr. Marco Wehr Episode 104: Aus Quantität wird Qualität Episode 69: Complexity in Software Episode 40: Software Nachhaltigkeit, ein Gespräch mit Philipp Reisinger Episode 31: Software in der modernen Gesellschaft – Gespräch mit Tom Konrad

Politicians say they can “fix” the economy.But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems.Hayek and Mises predicted the fall of the Soviet Union. They warned that centrally planned economies fail.But today, socialism is popular again. New York and Seattle have elected socialist mayors.Many politicians still believe that government can manage the economy—an idea popularized by economist John Maynard Keynes.Keynes was revered. Politicians love his arguments.But Hayek and Mises warned that government intervention leads to inflation, instability, and boom-bust cycles.They were right.In this podcast, Ryan McMaken of the Mises Institute explains why we should read Hayek and Mises today.

El supermercado ya sabe cuánto puedes pagar. Y va a cobrártelo. En 1874, John Wanamaker inventó el precio fijo: una etiqueta visible, igual para todos. Ese pacto sostuvo 150 años de economía de consumo moderna. Hoy se está demoliendo en silencio en los supermercados de medio mundo. Walmart ya tiene 2.300 tiendas equipadas con etiquetas electrónicas en Estados Unidos. Morrisons va a instalar 10,8 millones de pantallas en sus 497 supermercados del Reino Unido. Carrefour digitalizará todos sus hipermercados de Francia antes de 2030, con cámaras de inteligencia artificial vigilando los lineales y raíles Bluetooth geolocalizando productos —y carritos, y teléfonos móviles— dentro de la tienda. La narrativa oficial habla de eficiencia. La realidad es otra: precios dinámicos personalizados (dynamic pricing), retail media y un sistema donde el algoritmo lleva años leyendo tu historial de compras para fijarte un precio distinto al del cliente que está a tu lado en el mismo pasillo. Walmart Connect facturó 3.400 millones de dólares en 2023 vendiendo publicidad basada en datos de comportamiento de compra. Amazon Advertising ya genera más de 50.000 millones al año. El supermercado ya no gana dinero vendiéndote comida. Gana dinero vendiéndote a ti. En este vídeo recorremos cómo se está desmontando el precio fijo que Wanamaker construyó hace siglo y medio, qué tiene que ver Friedrich Hayek con todo esto, por qué Shoshana Zuboff lleva años avisando sobre el capitalismo de vigilancia, y por qué la discriminación algorítmica de precios golpea más fuerte a quien tiene menos opciones, no a quien tiene más dinero. Un análisis sobre asimetría de información, datos personales, privacidad digital y el fin silencioso del pacto comercial moderno. Learn more about your ad choices. Visit megaphone.fm/adchoices

"...The leadership of individuals or groups who can back their beliefs financially is particularly essential in the field of cultural amenities, in the fine arts, in education and research, in the preservation of natural beauty and historic treasures, and, above all, in the propagation of new ideas in politics, morals, and religion."This week, I'm reflecting on this quote by Friedrich Hayek from The Constitution of Liberty, published in 1960.Reflection question:As you plan for your small town capital campaign, how are you reaching out to potential donors, not to ask, but to persuade them to become a partner in the vision?Reflection on Quote:Today is our second in the series on having patience in the planning process of a capital campaign.  Last time, we looked at the role of strategic planning and envisioning the future.  This week, we will look at the relationship building and persuading partners. In my rural community, a local nonprofit was building a beautiful arts and culture building and, in the middle of the campaign, the building costs spiked, adding millions to the cost.  I can only imagine the initial despair.  But, that despair only lasted for a moment.  This nonprofit went back to their lead donor, explained what had happened, and the donor then filled the gap.  Why was the donor so ready to fill the gap?  Twenty years.  That is how long the nonprofit had been weekly reaching out to this donor to build a relationship, persuading this partner to join the vision of the nonprofit and the future of arts and culture in my community. By being patient in the planning, the nonprofit persuaded this partner to become a devoted idealist willing to change the community with their wealth.  While planning for capital campaigns may not last 20 years, it is essential to bring potential donors into the planning process long before any ask will occur.What do you think? Send me a text. To explore small town capital campaign coaching deeper and to schedule an free explore coaching call, visit ServingNonprofits.com.Music credit: Woeisuhmebop

New Discourses Bullets, Ep. 158 How does society work? That seems like an important question for people who live in societies and are thus tasked, whether they like it or not, with keeping the thing going. The answer is pretty surprising, actually, and it all boils down to how we incentivize people to work in ways that benefit other people even when they don't know or care about those other people. Drawing off Friedrich Hayek's arguments about the "extended society," in this episode of New Discourses Bullets, host James Lindsay endeavors to explain what actually makes societies work and why centrally planned and totalitarian systems do a poor job of running them. You won't want to miss this one. Latest from New Discourses Press! The Queering of the American Child: https://queeringbook.com/ Support New Discourses: https://newdiscourses.com/support Follow New Discourses on other platforms: https://newdiscourses.com/subscribe Follow James Lindsay: https://linktr.ee/conceptualjames © 2026 New Discourses. All rights reserved. #NewDiscourses #JamesLindsay #Society

Die interessantesten Themen sind ja wohl diejenigen, bei denen man seine Meinung ändert oder zumindest ins Grübeln gerät. Religion beziehungsweise parareligiöse Phänomene interessieren mich seit langer Zeit. Früher hauptsächlich im Sinne der philosophisch oder ontologisch fundamentalen Fragen; also: existiert Gott, wie wäre Gott überhaupt zu denken, falls er existiert, Fragen von Schöpfung, Design, Evolution und dergleichen. Es gibt aber eine zweite Dimension, die ich ebenso mit Jan Juhani zum Teil angesprochen habe, die Frage der operationalen Rolle von Religion. Es scheint recht unumstritten zu sein, dass der Erfolg von Gesellschaften über historische Zeiträume deutlich von Religion abhängig war oder zumindest davon profitiert hat. Faktoren sind dabei: sozialer Zusammenhalt, Strukturbildung und Tradition, das heißt Weitergabe lebenswichtiger Ideen, gesellschaftliche Resilienz, aber auch, und sehr wichtig. Aber auch, und ganz wichtig, Transzendenz — im Tun, nicht nur im Glauben — also z.B. Aktivitäten, die weit über das eigene Leben reichen, von Kunst und Kultur bis zu Technik, Politik oder Bautätigkeit. Anders ausgedrückt: für viele, aber wohl nicht alle Menschen, ist ein religiöses Schema in das ihr Leben eingebettet ist, von großer praktischer Bedeutung (auch wenn sie sich rational dessen nicht bewusst sind). Ich habe, denke ich, in der Vergangenheit diesen zweiten Aspekt unterschätzt. Das ist, vermutlich einer der Gründe, warum wir gerade im Westen so einen defaitistischen Niedergang erleben. Es gibt eine viel zu großen Zahl an Menschen, die sich für progressiv und rational halten, alles ablehnen, was vermeintlich nach Tradition riecht. Sie glauben schlau genug zu sein, ad hoc die Probleme der Welt lösen zu können aber wenn diese Ideen dann aber auf die Realität treffen, fallen sie häufig in sich zusammen wie ein Kartenhaus. Daraus folgen zwei Fragen: warum ist es nicht gelungen, Ideen hart zu reflektieren und einem Wettbewerb auszusetzen, denn alle sind ja jetzt vermeintlich so rational und nicht mehr gläubig und zweitens, das ist damit verbunden: Wie kam es allerdings dazu, dass gerade diese Selbst-Überschätzer in der Lage waren, zur Eliten zu werden, und die Geschicke Europas (und teilweise der USA) so negativ zu beeinflussen? In dieser Folge diskutiere ich parareligiöse Phänomene, die wir über lange Zeit in säkularen Gesellschaften erleben. Wie sollen wir damit umgehen? Zitate aus dieser Episode: »Der Faszination des Neuen folgt in der Regel die Gewöhnung, die so weit geht, dass wir das Technische gar nicht mehr als das Technische wahrnehmen.« , Klaus Kornwachs ... »One's initial surprise at finding that intelligent people tend to be socialists diminishes when one realises that, of course, intelligent people will tend to overvalue intelligence, and to suppose that we must owe all the advantages and opportunities that our civilisation offers to deliberate design rather than to following traditional rules, and likewise to suppose that we can, by exercising our reason, eliminate any remaining undesired features by still more intelligent reflection, and still more appropriate design and 'rational coordination' of our undertakings.«, Friedrich Hayek ... »Die Beflissenheit, mit der sich dann die deutschen Gelehrten und Wissenschaftler fast ausnahmslos den neuen Machthabern zur Verfügung stellten, ist eins der erschütterndsten und beschämendsten Schauspiele in der ganzen Geschichte des Aufstiegs des Nationalsozialismus.«, Friedrich Hayek Referenzen Andere Episoden Episode 148: Künstliche Vernunft? Ein Gespräch mit Jan Juhani Steinmann Episode 145: Reflexion und Rekonstruktion! Episode 144: Was ist Fortschritt? Ein Gespräch mit Dr. Daniel Stelter aus ökonomischer Perspektive Episode 141: Passagier oder Steuermann? Ein Gespräch mit Markus Raunig Episode 138: Im Windschatten der Narrative, ein Gespräch mit Ralf M. Ruthardt Episode 135: Friedrich Hayek und die Beschränktheit der menschlichen Vernunft. Ein Gespräch mit Nickolas Emrich Episode 133: Desinformiere Dich! Ein Gespräch mit Jakob Schirrmacher Episode 131: Wot Se Fack, Deutschland? Ein Gespräch mit Vince Ebert Episode 126: Schwarz gekleidet im dunklen Kohlekeller. Ein Gespräch mit Axel Bojanowski Episode 120: All In: Energie, Wohlstand und die Zukunft der Welt: Ein Gespräch mit Prof. Franz Josef Radermacher Episode 118: Science and Decision Making under Uncertainty, A Conversation with Prof. John Ioannidis Episode 117: Der humpelnde Staat, ein Gespräch mit Prof. Christoph Kletzer Episode 116: Science and Politics, A Conversation with Prof. Jessica Weinkle Episode 109: Was ist Komplexität? Ein Gespräch mit Dr. Marco Wehr Episode 107: How to Organise Complex Societies? A Conversation with Johan Norberg Episode 106: Wissenschaft als Ersatzreligion? Ein Gespräch mit  Manfred Glauninger Episode 98: Ist Gott tot? Ein philosophisches Gespräch mit Jan Juhani Steinmann Fachliche Referenzen Klaus Kornwachs, Philosophie der Technik (C.H.Beck Wissen) (2013) The Culturist Tweet Sheehan Quirke, How did the world get so ugly? Paul Ehrlich, The Population Bomb (1968) Vaclav Smil, How the World Really Works, Penguin (2022) Friedrich von Hayek, The Road to Serfdom, Routledge (1944) Friedrich Hayek, The Fatal Conceit: The Errors of Socialsm (1988) Émile Cammaerts in The Laughing Prophet: The Seven Virtues and G. K. Chesterton Andrew Gilligan, Why is this Green candidate sharing an anti-semitic post? The Spectator (2026) Hat die Linkspartei ein Antisemitismus-Problem? RBB (2025) The Black Book of Communism: Crimes, Terror, Repression, Harvard University Press, 1999

Hinsegin bókmenntir, langborðsumræður, fræðadagskrá og fjölbreyttur hópur alþjóðlegra höfunda, er það sem gestir bókmenntahátíðarinnar Queer Situations geta átt von á í næstu viku. 14.-17. maí fer hátíðin fram í annað sinn, og þær Eva Rún Snorradóttir og Halla Þórlaug Óskarsdóttir, skipuleggjendur, eru gestir Lestarinnar í dag. Kolbeinn Rastrick rýnir í tvær nýjar bíómyndir, Apex í leikstjórn Baltasars Kormáks, sem skartar Charlize Theron í aðalhlutverki, og Michael, nýja myndin um poppstjörnuna Michael Jackson. Einar Már Jónsson, sagnfræðingur, flytur pistil um byltingu frjálshyggjunar og hvernig hugmyndir Antonio Gramsci höfðu þau áhrif að Ayn Rand, Milton Friedman og Friedrich Hayek, voru gerð að spámönnum þeirrar hugmyndafræði.

Der deutsche Faschismus zwang einen Großteil deutscher & europäischer Künstler:innen & Intellektueller zur Flucht und ins Exil, Zehntausende suchten Zuflucht in Großbritannien.
Viele dieser Exilant:innen waren ‚Doppeltgeflüchtete‘, oft hatten sie mindestens zwei Länder verlassen, bevor sie nach GB kamen. Es sind Biografien, die auch der „Geschichte von Revolutionen und Konterrevolutionen“ geschuldet sind: Die ungarischer Juden& Jüdinnen bspw., die nach der Zerschlagung der Sowjetrepublik 1919 aufgrund antisemtischer Progrome das Land verlassen hatten und nach Berlin oder nach Wien gegangen waren oder Biografien wie die von John Heartfield, der von Berlin über Prag und Paris nach London auswanderte.
Hatherley argumentiert, dass diese Emigrantengeneration, obwohl ihr in Großbritannien misstraut, sie missachtet und oft verleumdnet und nach Kriegsbeginn auf der Isle of Man als „Enemy Aliens“ interniert wurde, letztendlich einen entscheidenden, transformativen Einfluss auf die britische Kultur hatte.
(Denn) die Reaktion auf den Ersten Weltkrieg war in Großbritannien "eine Welle von Nostalgie, Fremdenfeindlichkeit und Abschottung" gewesen, es war "eines der kulturell dürftigsten Jahrzehnte in der Geschichte Großbritanniens – ein krasser Gegensatz zu den Entwicklungen auf dem Kontinent, insbesondere in Mitteleuropa."
Der Schriftsteller Arthur Koestler beschrieb das 'menschliche' Klima Englands als angenehm und beruhigend, als „a kind of Davos for internally bruised veterans of the totalitarian age“.
Diese Exilant:innen, von denen die meisten Juden und Jüdinnen und viele Kommunist:innen und Sozialist:innen waren, hinterliessen bleibende, wenn auch nicht unbedingt offensichtliche, Spuren in der britischen visuellen Kultur.
Sie modernisierten, trotz aller Ablehnung und vieler Widerstände, den ästhetischen Konservatismus des ‚piefigen' Großbrittanniens der Zwischenkriegszeit.
Hatherley beleuchtet Fotografie, Malerei, Architektur, Buchgestaltung und Verlagswesen. Dabei vermeidet er dennoch, in die Trope des 'good immigrants' zu verfallen, es geht ihm vielmehr um Ambivalenzen. Viele kulturelle Phänomene, die als durch und durch britisch gelten, von der Reihe ,Britain in Pictures" der 1940er-Jahre - produziert von einem Team überwiegend weiblicher Emigrant:innen - über James-Bond-Filmsets und das Pinguinbecken im Londoner Zoo sind Emigrant:innen zu verdanken. Ich spreche mit Owen u.a. über die Hintergründe der Entstehungsgeschichte seines tollen Buchs und seine Motivation, es zu schreiben. Über die Rezeption moderner Kunst in den Zwischenkriegsjahren in Großbritannien. Über die Architekten Naum Gabo, Erno Goldfinger und Berthold Lubetkin. Über die britische antifaschistische Antwort auf die Hetzkampagne in Form der Münchener Ausstellung Entartete Kunst' von 1937. Über Kurt Schwitters im Internierungslager und im Lake District. Über die eher konservativen Exilant:innen, wie Nikolaus Pevsner oder Friedrich Hayek. Unabhängig von ihrer jeweiligen politischen Ausrichtung glaubten sie alle an ,öffentliche Kultur und öffentlichen Luxus", stellt Owen Hatherley fest. My gratitude to Chris Povey to lending his voice to the poems of Kurt Schwitters. In der nächsten Folge: u.a.: Typografie & Buchdesign, Ruth Glass, Naum Gabo, Ernst Feibusch https://owenhatherley.co.uk/ https://www.penguin.co.uk/books/311898/the-alienation-effect-by-hatherley-owen/9780141989778

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  What does Humpty Dumpty teach us about economics? More than you think. Drawing on insights from John Stossel, Friedrich Hayek, and Ludwig von Mises, this episode explains why government intervention often creates crises—like the Great Recession—and why no central authority can “put the economy back together again.” From housing bubbles to failed socialist policies, discover why free markets—not politicians—drive real recovery.

Wie kommt Neues in unsere Welt? Ich habe das in früheren Episoden so dahingesagt, teilweise im Kontext der Rolle, die künstliche Intelligenz spielt oder spielen könnte. Aber die Frage ist mir im Hinterkopf geblieben, denn ich bin etwas unzufrieden mit der Art und Weise, wie ich das formuliert habe. Dabei geht es mir nicht um die genaue Definition von Worten, denn da stimme ich mit Popper überein, dass man hier nie an ein Ende kommt: “the principle of never arguing about words and their meanings, because such arguments are specious and insignificant.” Ich möchte daher nicht über Definitionen streiten, aber hinter der Frage, wie Neues in die Welt kommt, steckt, glaube ich doch deutlich mehr, als das aus meinen früheren Äußerungen zu erkennen gewesen wäre. Auch diese Episode wird sicher keine endgültige Klärung bringen, besonders nicht im Sinne klarer Worte, aber ich hoffe die Perspektive erweitern zu können und wieder einmal zum Nachdenken anzuregen. In dieser Episode gehe stelle ich folgende Fragen: Was meine ich eigentlich mit »Neuem« das in die Welt kommt? Ich stelle dann eine Brücken- oder Anker-Theorie vor und illustriere an Beispielen was das konkret bedeutet, wie etwa Large Language Models wann wurde die erste Dampfmaschine erfunden? YouTube aber auch Seredipitäten wie den Post Its oder Teflon Heronsball oder Aeolipile   Woher kommt nun Neues und vielleicht noch wichtiger, von wem? Das ganze führt uns dann zur Frage, was Innovation und Fortschritt bedeuten? Hexenmeister oder Zauberlehrling? Die Wissensgesellschaft in der Krise Das Buch zum Podcast!  Die wesentlichste Frage stellen ich am Ende: wer trägt die Verantwortung und was bedeutet dies für unsere Selbstbestimmung? »The most basic question is not what is best but who shall decide what is best.«, Thomas Sowell Referenzen Andere Episoden Episode 149: Des Pudels Kern, ein Gespräch mit Thomas Pisar Episode 148: Künstliche Vernunft? Ein Gespräch mit Jan Juhani Steinmann Episode 144: Was ist Fortschritt? Ein Gespräch mit Dr. Daniel Stelter aus ökonomischer Perspektive Episode 139: Komfortable Disruption Episode 137: Alles Leben ist Problemlösen Episode 135: Friedrich Hayek und die Beschränktheit der menschlichen Vernunft. Ein Gespräch mit Nickolas Emrich Episode 132: Fragen an die künstliche Intelligenz — eine konstruktive Irritation Episode 125: Ist Fortschritt möglich? Ideen als Widergänger über Generationen Episode 121: Künstliche Unintelligenz Episode 104: Aus Quantität wird Qualität Episode 76: Existentielle Risiken Fachliche Referenzen Karl Popper, Unended Quest, Routledge Classics (2002) Stuart Kauffman, At Home in the Universe: The Search for the Laws of Self-Organization and Complexity, Oxford University Press (1996) Stuart Kauffman, Reinventing the Sacred: A New View of Science, Reason, and Religion, Basic Books (2010) Tamagotchi Film Zurück in die Zukunft (Back to the Future I) Johnny B Good: Ausschnitt aus dem Film »Zurück in die Zukunft« Royston M. Roberts, Serendipity. Accidental Discoveries in Science, Wiley Science Editions (1989) Stephen Ornes, The Unpredictable Abilities Emerging From Large AI Models, Quanta Magazin (2023) Protagoras, Der Mensch ist das Maß aller Dinge in Platons Theaitetos

Yousaf Nishat-Botero on the Ecologies of Planning and Metabolic Municipalism. Shownotes Yousaf Nishat-Botero Dr. Yousaf Nishat-Botero at the University of Birmingham:  https://research.birmingham.ac.uk/en/persons/yousaf-nishat-botero/ Nishat-Botero, Y. (2023). Planning's ecologies: Democratic planning in the age of planetary crises. Organization. Special Issue: Public Value, 1-23. https://journals.sagepub.com/doi/10.1177/13505084231186749 Nishat-Botero, Y. & Thompson, M. (2025). Planning in Nature's Metropolis: Metabolic Municipalism and Ecological Planning in Barcelona. Environment and Planning D. https://journals.sagepub.com/doi/abs/10.1177/02637758251364061 Nishat-Botero, Y. & Thompson, M. The land question and postcapitalist countrysides: towards a town-country synthesis. In Postcapitalist Countrysides (N. Gallent, M.Gkartzios, M. Scott, A. Purves (Eds.). UCL Press. https://www.researchgate.net/publication/379514594_The_land_question_and_postcapitalist_countrysides_towards_a_town-country_synthesis on ‘metabolism' in Liebig and Marx: Clark, B. & Foster, J. B. (2018). The Robbery of Nature: Capitalism and the Metabolic Rift. Monthly Review 70(3). https://monthlyreview.org/articles/the-robbery-of-nature/ Marx, K. ([1867] 2004). Capital: Volume I. Penguin U https://www.penguin.co.uk/books/35192/capital-by-karl-marx-intro-ernest-mandel-trans-ben-fowkes/9780140445688 Sorg, C. (2023). Failing to Plan is Planning to Fail: Toward an Expanded Notion of Democratically Planned Postcapitalism. Critical Sociology 49(3), 475-493. https://journals.sagepub.com/doi/full/10.1177/08969205221081058 Salleh, A. (2010). From Metabolic Rift to “Metabolic Value”: Reflections on Environmental Sociology and the Alternative Globalization Movement. Organization & Environment 23(2), 205-219. https://www.jstor.org/stable/27068655 on ‘capitalism as socioecological totality': Fraser, N. (2022). Cannibal Capitalism: How our System is Devouring Democracy, Care, and the Planet – and what we can do about it. Verso. https://www.versobooks.com/products/2685-cannibal-capitalism Moore, J. (2015). Capitalism in the Web of Life: Ecology and the Accumulation of Capital. Verso. https://www.versobooks.com/products/74-capitalism-in-the-web-of-life Planning for Entropy. (2022). Democratic Economic Planning, Social Metabolism and the Environment. Science and Society Journal. Vol 82, Nr 2. New York: Guilford Publications https://guilfordjournals.com/doi/10.1521/siso.2022.86.2.291 Latour, B. & Weibel, P. (2020). Critical Zones. The Science and Politics of Landing on Earth. MIT Press. https://mitpress.mit.edu/9780262044455/critical-zones/ on the Oskar-Lange-Model: https://en.wikipedia.org/wiki/Lange_model Barca, S. (2021) Forces of Reproduction: Notes for a Counter-hegemonic Anthropocene. Elements in Environmental Humanities. Cambridge University Press. https://www.cambridge.org/core/books/forces-of-reproduction/BE9B0DBDC89593F3284FE3F51D3B0418 on Donna Harraway's ‘response-ability': Harraway, D. (2016). Staying with the Trouble. Making Kin in the Chthulucene. Duke University Press. https://www.dukeupress.edu/staying-with-the-trouble Braudel, F. (1979 [1992]). Civilization and Capitalism, 15th-18th Century, Vol I-III. University of California Press. https://www.ucpress.edu/books/civilization-and-capitalism-15th-18th-century-vol-i/paper Nunes, R. (2021). Neither Vertical nor Horizontal: A Theory of Political Organization. Verso. https://www.versobooks.com/products/772-neither-vertical-nor-horizontal?srsltid=AfmBOoqNKlXZJs9HrqEBU4BlAF7hbaxEzAOWD1oQCV6M_Kwtg5n9xOcO on Otto Neurath's political economy: https://plato.stanford.edu/entries/neurath/political-economy.html on the quote by Otto Neurath: Otto Neurath in O'Neill, J. (2003) ‘Socialism, Associations and the Market', Economy and Society 32(2): 184–206 https://www.researchgate.net/publication/249006144_Socialism_associations_and_the_market on Friedrich Hayek's argument against centralized planning: Hayek, F. A. (1945). The Use of Knowledge in Society. The American Economic Review 35(4), 519-530. https://www.econlib.org/library/Essays/hykKnw.html https://www.ebsco.com/research-starters/history/hayek-opposes-centralized-economic-planning Morozov, E. (2019). Digital Socialism? New Left Review 116/117. https://newleftreview.org/issues/ii116/articles/evgeny-morozov-digital-socialism Rochowicz, N. (2025). Planning progress: Incorporating innovation and structural change into models of economic planning. Competition & Change, 29(1), 64-82. https://journals.sagepub.com/doi/full/10.1177/10245294231220690? Jameson, F. (1991). Postmodernism, or The Cultural Logic of Late Capitalism. Duke University Press. https://web.education.wisc.edu/halverson/wp-content/uploads/sites/33/2012/12/jameson.pdf Toscano, A. & Kinkle, J. (2015). Cartographies of the Absolute. Zero Books. https://www.collectiveinkbooks.com/zer0-books/our-books/cartographies-of-the-absolute Anderson, P. (1961). Sweden: Mr. Crosland's Dreamland. New Left Review 1/7. https://newleftreview.org/issues/i7/articles/perry-anderson-sweden-mr-crosland-s-dreamland-part-1 Mandel, E. (1986). In Defence of Socialist Planning. New Left Review 1/159. https://newleftreview.org/issues/i159/articles/ernest-mandel-in-defence-of-socialist-planning Thompson, M., & Nishat-Botero, Y. (2025). Postcapitalist Planning and Urban Revolution. Competition & Change, 29(1), 101-120. https://journals.sagepub.com/doi/10.1177/10245294231210980 Durand, C., Hofferberth, E. & Schmelzer, M. (2023). Planning beyond growth. The case for economic democracy within limits. Political Economy Working Papers. University of Geneva.  https://archive-ouverte.unige.ch/unige:166429 on Barcelona En Comú: https://barcelonaencomu.cat/ on Grupo AGBAR and the anti-privatisation movement:   https://en.wikipedia.org/wiki/Grupo_Agbar https://ejatlas.org/conflict/remunicipalisation-and-anti-privatization-movement-in-barcelona1 on the Socialist party of Catalonia:  https://www.socialistes.cat/ on the airport expansion in Barcelona: https://ejatlas.org/conflict/prat-airport-expansion-catalonia-spain on the paper by Union Populaire:  https://programme.lafranceinsoumise.fr/livrets/planification-ecologique/ on the quote from Mike Davis: Davis, M. (1990). City of Quartz. Excavating the Future in Los Angeles. Verso.  https://www.versobooks.com/products/1320-city-of-quartz?srsltid=AfmBOor1VtvQMJu_87qS8EDz0EcwP9KABUrajgH5LX2pdFNXWVC5Su6B Future Histories Folgen S03E59 | Cédric Durand on Ecological Planning  https://www.futurehistories.today/episoden-blog/s03/e59-cedric-durand-on-ecological-planning/ S03E50 Aaron Benanav - Beyond Capitalism II https://www.futurehistories.today/episoden-blog/s03/e51-aaron-benanav-beyond-capitalism-ii/ S03E49 Aaron Benanav - Beyond Capitalism I https://www.futurehistories.today/episoden-blog/s03/e50-aaron-benanav-beyond-capitalism-i/ S03E21 | Christoph Sorg zu Finanzwirtschaft als Planung https://www.futurehistories.today/episoden-blog/s03/e21-christoph-sorg-zu-finanzwirtschaft-als-planung/ S03E03 | Planning for Entropy on Sociometabolic Planning https://www.futurehistories.today/episoden-blog/s03/e03-planning-for-entropy-on-sociometabolic-planning/ S02E44 | Evgeny Morozov on Discovery Beyond Competition  https://www.futurehistories.today/episoden-blog/s02/e44-evgeny-morozov-on-discovery-beyond-competition/ — If you are interested in democratic economic planning, these resources might be of help: Democratic planning – an information website: https://www.democratic-planning.com/ Sorg, C. & Groos, J. (eds.)(2025). Rethinking Economic Planning. Competition & Change Special Issue Volume 29 Issue 1. https://journals.sagepub.com/toc/ccha/29/1 Groos, J. & Sorg, C. (2025). Creative Construction - Democratic Planning in the 21st Century and Beyond. Bristol University Press. [for a review copy, please contact: amber.lanfranchi[at]bristol.ac.uk] https://bristoluniversitypress.co.uk/creative-construction International Network for Democratic Economic Planning https://www.indep.network/ Democratic Planning Research Platform: https://www.planningresearch.net/ — Future Histories Contact & Support If you like Future Histories, please consider supporting us on Patreon: https://www.patreon.com/join/FutureHistories Contact: office@futurehistories.today Instagram: https://www.instagram.com/futurehpodcast/ Mastodon: https://mstdn.social/@FutureHistories English webpage: https://futurehistories-international.com   Episode Keywords #YousafNishat-Botero, #JanGroos, #Interview, #UniversityofBirmingham, #FutureHistoriesInternational, #FutureHistories, #DemocraticPlanning, #Planning, #EconomicPlanning, #Ecology, #Socialization, #Organization, #Capitalism, #Socialism, #Municipalism, #Metabolism, #PlanetaryCrisis, #Nature, #Barcelona  

In dieser Episode freue ich mich, »Dem Pudels Kern« gemeinsam mit Thomas Pisar auf den Grund zu gehen. Worum es gehen wird, wird klar, wenn wir Thomas kurz vorstellen: Thomas ist Physiker, Keynote-Speaker, Executive Advisor und Autor zweier Bücher: Die Pisar Studien und Komplexität als Stärke. Fokus in diesem Gespräch ist hauptsächlich Letzteres. Er ist auch Gastkolumnist in „Die Presse“. Er hat viele Jahre Erfahrung als Manager und zum Schluss als Director in der A1 Telekom Austria gemacht. Ein Umfeld, das reichhaltig zum Sammeln von Erfahrungen rund um das Thema Komplexität ist, besonders eben im unternehmerischen Umfeld. Hexenmeister oder Zauberlehrling? Die Wissensgesellschaft in der Krise Das Buch zum Podcast!  Heute steht Komplexität und wie wir damit umgehen können, wenn die Dinge unsicher und nicht mehr berechenbar sind, im Zentrum seiner Keynotes, Beratungen, Bücher und Trainings. Und genau darüber werden wir auch in der Episode sprechen. Sein Anliegen ist es, einen Weg aufzuzeigen, wie man zusätzlich zum Effizienzgedanken in der komplizierten auch in der komplexen Domäne erfolgreich handlungsfähig bleiben kann. In dieser Episode wird ein leitender Gedanke sein: vom Teil zum Ganzen und zurück. Wie kann man komplizierte Teile eines Systems verbessern, ohne das komplexe Ganze zu kompromittieren? Sind Naturwissenschaften (als Studium) eine gute Grundlage für verschiedenste Aufgaben, Jobs? Zumindest um strukturiertes, rationales Denken zu lernen? Verwechseln wir Wissen und Expertise – Techne/Ars vs. Episteme/Scientia? Heute spricht man auch häufig von tacit (implizitem) und explicit knowledge – was sind die Folgen davon? Besonders auch im Unternehmen? »Der Inhalt definiert die Form und nicht umgekehrt. Die Methodik ist wichtig, aber sollte dem Inhalt folgen.« Aus welchen Teilen besteht ein Unternehmen eigentlich? Wie ist das Wechselspiel zwischen Business Model und Operating Model? Was hat implizites und explizites Wissen damit zu tun? Warum könnten hier Grenzen der KI liegen? Was lernt KI eigentlich? Wie sehen Machtstrukturen im Unternehmen aus? Welche Rolle spielt das Organigramm in der Praxis? Wie geht man mit dem Unterschied zwischen expliziten und impliziten Hierarchien um? Suchen wir den Schlüssel unter der Laterne, wo das Licht brennt und nicht dort, wo wir ihn verloren haben? Warum scheitert das Naheliegende so häufig: Nach einem Problem wird die politische Spitze oder der Vorstand ausgetauscht – aber es ändert sich nichts. »Die Struktur prägt das Verhalten in der Organisation.« Hat nicht die Kybernetik der 1960er- und 1970er-Jahre viele der Fragen aufgegriffen und richtig beschrieben, oder wenigstens die richtigen Fragen aufgeworfen? Was ist aus der Kybernetik geworden? »Kompliziert kann ich berechnen, komplex kann ich nicht berechnen, kann ich nur ausprobieren.« Was passiert dann, wenn die Prognose selbst das System beeinflusst? »Das Modell verändert die Realität und umgekehrt.« Damit werden Modelle komplexer adaptiver Systeme noch problematischer als Modelle von »nur« komplexen Systemen. Lässt sich dies aber positiv, konstruktiv nutzen? »Wer spricht über Mut? Die Leute, die Angst haben.« Warum fallen wir in Europa mit jedem Jahr international weiter zurück? »Innovation entsteht nicht dadurch, dass ich eine Innovationsabteilung gründe.« … sondern eher das Gegenteil dürfte der Fall sein. Wodurch aber entsteht Innovation? Aspirin als Beispiel der Überschneidung von Innovation und explizitem sowie implizitem Wissen. Was ist Exaptation? Stuart Kauffman spricht dabei von Darwinian Preadaptations. Was ist Assembly Theory und warum kann diese auch für das Verständnis von Innovation relevant sein? »Ein komplexes System steuerst du nicht, indem du noch mehr Regeln daraufpackst. Es gibt immer viel mehr Möglichkeiten als du jemals Regeln definieren kannst.« Das kann zu durchaus kurios wirkenden Erkenntnissen führen, wie Rory Sutherland es ausdrückt: »The opposite of a good idea can also be a good idea.«, »If there would be a logical answer we would have already found it« Wie gehen wir im Unternehmen damit um? »Best Practice ist völlig unangebracht in einer komplexen Fragestellung« Warum die Suche nach dem Beleg der eigenen Idee keine Wissenschaft ist, leider aber in der Fachliteratur immer häufiger wird. Wenn 10.000 Menschen einen Russisch-Roulette-Wettbewerb starten und einmal pro Woche »spielen« – bleibt nach rund neun Monaten also ca. 40 Wochen ein »Gewinner« über. Darf dieser »Meister des russischen Roulettes« genannt werden, weil er das Spiel am besten beherrscht? Warum machen wir aber genau das regelmäßig in Politik und Wirtschaft? »Viele Probleme werden rational verstanden, ändern aber das Verhalten in keiner Weise.« Soziale und andere nicht-rationale Gründe treiben oftmals das Verhalten von Organisationen – auch wenn Rationalität »gespielt« wird. Hat sich ab Mitte des 20. Jahrhunderts etwas Grundsätzliches verändert, eine Managerial Class entwickelt, die Unternehmen grundsätzlich anders denken? Wird die pseudo-rationale Begründung (des Scheiterns) erfolgreicher als richtig zu entscheiden? »Die Struktur fördert dieses Verhalten und bringt auch entsprechende Charaktere nach oben.« Und dieses Verhalten ist bemerkenswert vorhersehbar: »Show me the incentives and I show you the outcome«, Charlie Munger Warum also ins persönliche Risiko gehen und das tun, was man für richtig hält, wenn man den einfacheren und für die eigene Person (jedenfalls kurzfristig) sichereren Weg gehen kann? Sind die Erwartungen an CEOs unterschiedlich in Europa und in anderen Nationen? Was sind die Rahmenbedingungen, dass eine Organisation weder in der Erstarrung noch im Chaos landet? Wäre Management das Talent, eine Organisation »on the edge of chaos« zu halten – um mit Stuart Kauffman zu sprechen? »Alles optimiert, kein Gramm Fett mehr, aber dann ändert sich die Umwelt.« Was nun? »Wenn ich Komplexität ständig reduziere, dann kann ich nicht mehr auf die Komplexität mit der ich konfrontiert bin, reagieren. […] Nur Komplexität kann Komplexität aus dem Außen absorbieren.« Was bedeutet dies ganz konkret im Unternehmen? By Cruccone - Own work, CC BY 3.0 Einschub: Justo Gallego Martínez, der Mann, der ein Leben lang alleine eine Kathedrale baut, ist eindrucksvoll, aber kaum ein Modell für unsere moderne Welt. »Unternehmen überleben, wenn sie in einem gesunden, dynamischen Gleichgewicht mit ihrer Umwelt stehen. […] Man muss sich nicht anpassen, man muss aber auch nicht überleben« Aussterben ist Teil der Evolution und staatliche und andere zentralisierte Eingriffe ändern das nicht, machen es nur schwerer, teurer und schmerzhafter. Was ist die Rolle und die Gefahr, die in Key Performance Indicators (KPIs) liegen? Anders gesagt: Wie kann Leistung in der Praxis gemessen und bewertet werden? »Wenn es leichter ist, die Kennzahl zu gamen, als tatsächlich das, was dahintersteht, zu erfüllen, dann wird das System immer den Weg der geringeren Energie suchen.« Welche Beispiele gibt es dafür? Accountability Sink als (implizit) gewünschtes Ergebnis mancher oder vieler Organisationen? Darf man mit KPIs Leistung messen? Besonders individuelle? »Jede Messung ist eine Intervention.« Wie kann Verantwortung zugeordnet werden? Ohne persönliche Verantwortung entgleist jedes System. Was bedeutet Resilienz, Fragilität, Antifragilität und Robustheit unter diesen Rahmenbedingungen? Also, wie reagieren Systeme auf Störungen? Wie kann man verhindern, nur Beifahrer der Geschichte zu werden? Muss Fragilität immer vermieden werden? Ein Produkt zu entwickeln bedarf völlig anderer Fähigkeiten als es zu skalieren. Wie geht man mit dieser zeitlichen Dimension erfolgreich um? Was waren die »Wild Ducks« der IBM? »Manchmal kann man auch mit Verschlafen gewinnen.« Wie steht es mit Europa? »Es ist keine Frage des Könnens – es geht meines Erachtens darum, aus der Vollkaskomentalität herauszukommen.« Kein Risiko einzugehen ist das größte Risiko. Referenzen Andere Episoden Episode 144: Was ist Fortschritt? Ein Gespräch mit Dr. Daniel Stelter aus ökonomischer Perspektive Episode 141: Passagier oder Steuermann? Ein Gespräch mit Markus Raunig Episode 139: Komfortable Disruption Episode 138: Im Windschatten der Narrative, ein Gespräch mit Ralf M. Ruthardt Episode 137: Alles Leben ist Problemlösen Episode 135: Friedrich Hayek und die Beschränktheit der menschlichen Vernunft. Ein Gespräch mit Nickolas Emrich Episode 129: Rules, A Conversation with Prof. Lorraine Daston Episode 128: Aufbruch in die Moderne — Der Mann, der die Welt erfindet! Episode 125: Ist Fortschritt möglich? Ideen als Widergänger über Generationen Episode 123: Die Natur kennt feine Grade, Ein Gespräch mit Prof. Frank Zachos Episode 122: Komplexitätsillusion oder Heuristik, ein Gespräch mit Gerd Gigerenzer Episode 121: Künstliche Unintelligenz Episode 111: Macht. Ein Gespräch mit Christine Bauer-Jelinek Episode 109: Was ist Komplexität? Ein Gespräch mit Dr. Marco Wehr Episode 99: Entkopplung, Kopplung, Rückkopplung Episode 90: Unintended Consequences (Unerwartete Folgen) Thomas Pisar Homepage von Thomas Pisar Führungsstil in komplizierten und komplexen Prozessen, confare Thomas Pisar, Die Pisar Studien (2025) Thomas Pisar, Komplexität als Stärke, Wiley (2026)   Fachliche Referenzen Dejan Stojanovic, Fuckup Nights  Royston M. M. Roberts, Serendipity: Accidental Discoveries in Science, Wiley (1989) Nobelprice for their discoveries concerning “prostaglandins and related biologically active substances”. (Aspirin) (1982) Stuart Kauffman, Reinventing the Sacred: A New View of Science, Reason, and Religion, Basic Books (2010) Abhishek Sharma et al, Assembly theory explains and quantifies selection and evolution, Nature (2023) William Ross Ashby, An Introduction to Cybernetics, Wiley (1956) Six Sigma Dave Snowden, Making Sense of Complexity Rory Sutherland, 10 Rules of Alchemy (2020) Eric Ries, The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses Taschenbuch, Crown (2017) Frederic Laloux, Reinventing Organisations, Nelson Parker (2016) Malcolm Gladwell (keine Empfehlung) Russian Roulette: Nassim Taleb, The Precautionary Principle (2014) James Burnham, The Managerial Revolution; What is Happening in the World, John Day Company (1941) Charlie Munger, The Power of Incentives  Stuart Kauffman, At Home in the Universe: The Search for the Laws of Self-Organization and Complexity, Oxford University Press (1996) The man who built a cathedral with his own hands, BBC (2022) Dan Davies, The Unaccountability Machine, Why Big Systems Make Terrible Decisions - and How The World Lost its Mind, Profile Books (2024) Clayton M. Christensen, The Innovator's Dilemma, with a New Foreword: When New Technologies Cause Great Firms to Fail, Harvard Business Press (2024)

Every Bitcoin transaction needs to be verified on the blockchain. There is no central authority that does this, but Bitcoin's blockchain has run uninterrupted since 2009 and now carries a market capitalisation of $1.3 trillion, roughly 4% of US GDP. Its original promise was more radical: that we do not need a trusted intermediary to spend money, write contracts, or create finance. In the fifth LTI report, published today, Yackolley Amoussou-Guenou, Bruno Biais, and Sara Tucci-Piergiovanni ask how much of that promise has held. Bruno talks to Tim Phillips about blockchain's potential, its flaws, and its future.  It is a Nash equilibrium: if you believe others will follow the rules, it is in your interest to follow them too. On that foundation Bitcoin's ledger has been running continuously for 16 years. Smart contracts, pioneered by Vitalik Buterin's Ethereum, extend the logic to financial agreements. Decentralised finance promised to cut out rent-seeking intermediaries. Cryptocurrencies can step in where banks are broken or currencies have collapsed; in Lebanon, when bank accounts were frozen and payments stopped, businesses switched to crypto and kept operating. But the technology's libertarian origins may need to be sacrificed: As Bruno says, without transparency there is no trust, and transparency in this market may require regulation.The research behind this episode:Amoussou-Guenou, Yackolley, Bruno Biais, and Sara Tucci-Piergiovanni. 2026. "Can Blockchain Decentralize Money, Contracts, and Finance?" LTI Report 5. CEPR and Long-Term Investors@UniTo. Freely available to download at cepr.org. To cite this episode:Phillips, Tim, and Bruno Biais. 2025. "Can Blockchain Decentralize Money, Contracts, and Finance?" VoxTalks Economics (podcast). Assign this as extra listening. The citation above is formatted and ready for a reading list or VLE.About the guestBruno Biais is Professor of Finance at HEC Paris and a Research Fellow at the Centre for Economic Policy Research (CEPR). His research spanning financial market microstructure, corporate finance, and the economics of blockchain has made him one of the leading economists working at the intersection of finance and decentralised technology. He has studied blockchain and cryptocurrency markets since their early years, and his theoretical models of consensus mechanisms and cryptocurrency valuation have shaped how economists understand the conditions under which decentralised systems can and cannot sustain themselves.Research cited in this episodeThe blockchain is a distributed ledger maintained by a network of nodes, each holding an identical copy of the record of ownership. When a transaction is submitted, all nodes verify it against the existing ledger and update their copies to reach consensus on the new state. No central authority manages this process; its stability rests entirely on the incentive structure built into the protocol.Nash equilibrium is a concept from game theory, named for the mathematician John Nash, describing a situation in which each participant's strategy is the best response to the strategies of all others; no individual has an incentive to deviate unilaterally. Biais and co-authors identify the Bitcoin protocol as a Nash equilibrium: if you believe others will follow the rules, it is in your own interest to follow them too. That self-reinforcing alignment of incentives, rather than goodwill or central enforcement, is why the blockchain has remained valid since 2009.Smart contracts are lines of code deposited on a blockchain that execute automatically when specified conditions are met: if X, then Y. Vitalik Buterin introduced them through the Ethereum platform, which offers a richer programming language than Bitcoin and allows users to hold collateral on-chain to guarantee the contract will pay out. Smart contracts underpin automated market makers, decentralised lending, and a wide range of financial applications that require no counterparty or intermediary to enforce the agreement.Oracles are third-party services that transmit data about real-world events to a blockchain, allowing smart contracts to respond to things that happen off-chain. A contract that pays out when a house burns, for example, requires an oracle to report that event to the network. Oracles introduce a point of fragility: the authenticity and accuracy of off-chain information must be established before the network accepts it, and that verification is more vulnerable to error and manipulation than the on-chain consensus mechanism itself.Front-running and miner extractable value (MEV) describe the practice by which technically sophisticated actors exploit the public visibility of pending transactions to extract profits at the expense of ordinary users. Because transactions on public blockchains are broadcast to all nodes before they are confirmed, an actor who sees a large pending purchase can execute the same trade first, drive the price up, and then sell at a profit once the original transaction goes through. The cost falls on the smaller trader. Biais notes that the barriers to entry and economies of scale in this activity have concentrated power in the hands of a small, technically skilled group, recreating the kind of intermediary rents that decentralised finance was designed to eliminate.Automated market makers are smart contracts that provide continuous liquidity for trading between two assets by holding reserves of both in a pool and setting prices according to the ratio of the reserves. A large purchase of one asset depletes that side of the pool and raises its price; a large sale depresses it. Automated market makers have become a central mechanism of decentralised finance, replacing the order-book systems used in traditional exchanges.Stablecoins are cryptocurrency tokens designed to maintain a fixed value relative to a conventional currency, typically the US dollar. They are issued by private entities that hold reserves intended to back the peg. Tether, the largest stablecoin by market capitalisation, holds its reserves in a mix of Treasury bills, Bitcoin, and precious metals; in 2021, the US Commodity Futures Trading Commission fined Tether for misrepresenting those reserves and required it to disclose their composition, making this information publicly available for the first time. Dai is an algorithmically managed stablecoin that maintains its peg through over-collateralisation in cryptocurrency rather than conventional reserves.The Diamond-Dybvig model is a theoretical framework developed by Douglas Diamond and Philip Dybvig explaining why financial intermediaries that hold illiquid assets while issuing liquid claims are inherently vulnerable to runs. When enough depositors demand withdrawal simultaneously, the institution is forced to sell assets at a loss, making further withdrawals impossible and confirming the fears that triggered the run. Biais applies this logic to stablecoins: if enough holders attempt to redeem simultaneously, the issuer must sell its reserves in volume, driving down their price and potentially breaking the peg.Central bank digital currencies (CBDCs) are digital tokens issued and managed by central banks, distinct from both commercial bank deposits and private stablecoins. Biais distinguishes two potential use cases: retail CBDCs, which would allow individuals to hold central bank money directly, and wholesale CBDCs, which would facilitate settlement between large financial institutions. He regards the wholesale application as the more promising; a wholesale CBDC could enable fast, low-cost atomic settlement of cross-currency transactions between banks under central bank oversight, a significant improvement on current interbank settlement systems.MiCA (Markets in Crypto-Assets Regulation) is the European Union's regulatory framework for crypto-asset service providers, which came fully into force in December 2024. It requires licensing for issuers and service providers operating within the EU and imposes disclosure, reserve, and conduct requirements intended to align the sector more closely with the standards applied in traditional financial markets.Hayek's currency competition refers to the argument by Friedrich Hayek that competition between privately issued currencies would discipline monetary policy: users would switch away from currencies managed irresponsibly, and that threat would encourage better central bank behaviour. Biais applies this argument to cryptocurrencies and stablecoins in countries where the domestic currency has been mismanaged. He cites Nigeria, where sharp depreciation of the naira was accompanied by rising crypto adoption; over the following period, Nigeria's central bank raised interest rates and created a more transparent foreign exchange market. Biais suggests, tentatively, that the competitive pressure from crypto alternatives may have contributed to that improvement.More VoxTalks EconomicsDo stablecoins threaten financial stability? Stablecoins are digital tokens, pegged to a fiat currency. What could possibly go wrong? For one type of stablecoin the answer is: plenty, according to Richard Portes. In coin we trust Crypto investors make a lot of noise, but who are they, and do they behave differently to other retail investors?Do cryptocurrencies matter? Can cryptocurrencies be useful? Not just for crypto bro speculators, but as a shield against the depreciation of the official currency if a government is determined to pursue inflationary policies.

A key precondition for democracy is civic trust and commitment to common goods; polarization and party identity undermine this, worsened by modern communication technologies that enable separate realities. Josiah Ober is a professor of Political Science and Classics at Stanford University and also the author and co-author of several books about Athens, Civics, and Ancient Democracy. His latest title is The Civic Bargain: How Democracy Survives.  Greg asks Josiah about his work linking ancient Athens to modern democracy and organizational design. Josiah argues that political science necessarily blends positive and normative theory, joining rational self-interest with ethical reasoning to secure both stability and the good. He also compares firms and states as purposeful organizations governed by rules, incentives, and norms, noting that democracies struggle to scale but can outperform hierarchies by aggregating dispersed knowledge if institutions align incentives and citizens share information. Josiah emphasizes civics as teachable skills—listening, bargaining, and positive-sum compromise. He makes an appeal for renewed civics education informed by history and classical thinkers, including a rehabilitated view of the sophists and strategic reasoning. *unSILOed Podcast is produced by University FM.* Episode Quotes: Why democracies know more than hierarchies 14:58: The democratic system, intrinsically, knows more than a highly hierarchical boss centered system, simply because those who see themselves as citizens have reason to share what they know. Those who are subjects have reasons to not share what they know. Therefore, it is possible for a democracy for reasons that, you know, Friedrich Hayek talked about in terms of why markets work, because all of that information comes together in, you know, producing a price, it is possible for well-structured democracies to bring in a great deal of information. From a great deal of people who have very different experiences, know different things, to solve the problems that they need to solve. Does democracy only work when the design is right? 15:45: You have to have the right kind of organization, not only of, sort of voting and so on, but of incentives for people to bring what they know to the right place at the right time, not to the wrong place at the wrong time. And that is hard to do. You get it right and you get this tremendous success. You get it wrong and it does not work very well.  Politics should work like buying a car 32:22: When we go into the political regime space nowadays, it's that, well, compromise is bad now. We gave up, they won. The imagination now of politics is something like a football game in which there's a winner and a loser, and the winners cheer and the losers cry. But that's not what politics is. It is much more like buying a used car. Show Links: Recommended Resources: Aristotle Robinson Crusoe Friedrich Hayek Athenian Democracy Stanford Civics Initiative Logos Techne Sophist Protagoras Thomas Hobbes Alexander Hamilton Guest Profile: Faculty Profile at Stanford University Hoover Institution Profile Guest Work: Amazon Author Page The Civic Bargain: How Democracy Survives The Greeks and the Rational: The Discovery of Practical Reason The Threshold of Democracy: Athens in 403 BCE The Athenian Revolution: Essays on Ancient Greek Democracy and Political Theory Athenian Legacies: Essays on the Politics of Going On Together Political Dissent in Democratic Athens: Intellectual Critics of Popular Rule Democracy and Knowledge: Innovation and Learning in Classical Athens Mass and Elite in Democratic Athens: Rhetoric, Ideology, and the Power of the People Origins of Democracy in Ancient Greece A Company of Citizens: What the World's First Democracy Teaches Leaders About Creating Great Organizations Google Scholar Page Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

O Brasil vive um "curto-circuito" de memória e identidade, e as instituições religiosas não estão imunes a esse fenômeno. Neste episódio crucial do Módulo 3 da série "A ORDEM", mergulhamos em um diagnóstico sóbrio e urgente da estrutura da Igreja. Utilizamos ferramentas de análise metapolítica e econômica — de Adam Smith a John Maynard Keynes e Friedrich Hayek — para entender como uma organização, criada para ser um organismo vivo, pode acabar se tornando uma máquina estéril de manutenção. Neste episódio, discutimos: 1. O Mecanismo vs. O Organismo: Quando a estabilidade administrativa substitui a vitalidade da missão. 2. A "Mente Capturada" na Igreja: Como as 11 feridas da cultura brasileira afetam a percepção da nossa identidade profética . 3. Keynes vs. Hayek na Eclesiologia: O perigo do planejamento centralizado e a necessidade de recuperar a "ordem espontânea" da Igreja Primitiva. 4. O Custo Humano: Como a rotatividade pastoral e o clericalismo ferem o pastoreio encarnacional. 5. Reforma, não Revolução: Uma proposta de transição estratégica baseada em novas métricas de discipulado e na descentralização responsável. Este episódio é uma defesa da organização adventista em sua essência mais pura. Entendemos que a estrutura é um instrumento dado por Deus, e é justamente por zelar por ela que propomos uma 'reforma de recalibração'. O foco não é a revolução, mas o retorno aos princípios de movimento e sacerdócio universal que marcaram nossos pioneiros. É uma proposta para que a instituição seja a plataforma de lançamento de uma geração verdadeiramente profética. Tese do Prof. Dr. Marcelo Dias - https://digitalcommons.andrews.edu/cgi/viewcontent.cgi?article=2865&context=dissertations Links Instagram http://instagram.com/alexpalmeira7 Podcast Catalisadores http://open.spotify.com/show/6zJyD0vW8MnyRKPYZtk3B5?si=065e95b72bca4b13 X http://x.com/alexpalmeira9 Facebook http://facebook.com/profile.php?id=100069360678042

In Ausgabe 125 des Science Busters Podcasts sprechen Kabarettist Martin Puntigam und Barbara Blaha, Autorin, Germanistin & Leiterin des Momentum Instituts, unter anderem darüber, was ein Think-Tank ist, warum man einen gründet, wieso die Herrschaftsverhältnisse soviel Berücksichtigung erfahren, wann Spitzensteuersätze bis 90% normal waren, was wir Milton Friedman und Friedrich Hayek zu verdanken haben, weshalb man sich die Gründung der Mont Pelerin Society besser schenken hätte können, wie man Hegemonie baut, wie man sie finanziert, warum das Reader's Digest Mitschuld ist an solchen wie Donald Trump und Peter Thiel, wieso die Klimawandelleugner-Lobby älter ist als die meisten Menschen, deren Zukunft sie zerstören hilft, wie neoliberale Think Tanks mitgeholfen haben, Korruption salonfähig zu machen, was manche Redaktionen unter gutem Fernsehen verstehen, ob man es schaffen kann die Welt gerecht zu machen, was Entscheidungsvorbereiter machen , wie man aus theoretischem Wissen praktisches Handeln macht, dass Affirmation nicht immer nur eine Zierleiste sein muss, warum man als Ideologe für neutral gehalten werden möchte, wie man ein Institut benennt, warum die Ausländer das sogenannte verloren haben, wie hoch politisches Kapital sein sollte , damit es schützen kann, wieso wir lieber helfen, wenn es auch uns gut tut, ob das Integrationsbarometer v.a..den Druck von Würschtldruckern misst, warum Rechtsextreme nicht wollen, dass es den Kindern einmal besser geht, was scheinbare Kontrolle wert ist, warum marktliberale Menschen sich so gern mit geschlechterneutraler Sprache beschäftigen, was Pornojäger und Rechte gemeinsam haben & worauf Margret Thatcher stolz war.

In Seven Crashes: The Economic Crises That Shaped Globalization (Yale UP, 2023), distinguished economic historian Harold James offers a fresh perspective on the past two centuries of globalization and the pivotal moments that shaped it. James analyzes seven major economic crises that occurred over this period, including the late 1840s, the simultaneous stock market shocks of 1873, the First World War years, the Great Depression era, the 1970s, the Global Financial Crisis of 2007-2008, and most recently the Covid-19 crisis. Through his insightful analysis, he illustrates how some of these crises contributed to increased cross-border integration of labor, goods, and capital markets, while others resulted in significant deglobalization. James classifies the crises into two categories: those caused by shortages and those driven by demand. He explains how shortages have led to greater globalization as markets expanded and producers innovated to increase supply, as evidenced by events such as the First World War and the oil shocks of the 1970s. In contrast, demand-driven crises, such as those that caused the Great Depression and the Global Financial Crisis of 2007-2008, have typically led to international trade contraction and decreased globalization, often accompanied by widespread skepticism of governments. To support his findings, James examines the writings of key observers who shaped our understanding of each crisis, including Karl Marx in 1848, Stanley Jevons, Léon Walras, and Carl Menger in the 1870s, German Treasury Secretary Karl Helfferich in the First World War, John Maynard Keynes in the Great Depression, Milton Friedman and Friedrich Hayek in the 1970s, Ben Bernanke in 2008, and Larry Summers and Raj Chetty in 2020. Overall, James' work provides an insightful and thought-provoking analysis of the relationship between economic crises and globalization over the past two centuries, and sheds light on the potential trajectory of future economic developments. Javier Mejia is an economist at Stanford University who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/world-affairs

In Seven Crashes: The Economic Crises That Shaped Globalization (Yale UP, 2023), distinguished economic historian Harold James offers a fresh perspective on the past two centuries of globalization and the pivotal moments that shaped it. James analyzes seven major economic crises that occurred over this period, including the late 1840s, the simultaneous stock market shocks of 1873, the First World War years, the Great Depression era, the 1970s, the Global Financial Crisis of 2007-2008, and most recently the Covid-19 crisis. Through his insightful analysis, he illustrates how some of these crises contributed to increased cross-border integration of labor, goods, and capital markets, while others resulted in significant deglobalization. James classifies the crises into two categories: those caused by shortages and those driven by demand. He explains how shortages have led to greater globalization as markets expanded and producers innovated to increase supply, as evidenced by events such as the First World War and the oil shocks of the 1970s. In contrast, demand-driven crises, such as those that caused the Great Depression and the Global Financial Crisis of 2007-2008, have typically led to international trade contraction and decreased globalization, often accompanied by widespread skepticism of governments. To support his findings, James examines the writings of key observers who shaped our understanding of each crisis, including Karl Marx in 1848, Stanley Jevons, Léon Walras, and Carl Menger in the 1870s, German Treasury Secretary Karl Helfferich in the First World War, John Maynard Keynes in the Great Depression, Milton Friedman and Friedrich Hayek in the 1970s, Ben Bernanke in 2008, and Larry Summers and Raj Chetty in 2020. Overall, James' work provides an insightful and thought-provoking analysis of the relationship between economic crises and globalization over the past two centuries, and sheds light on the potential trajectory of future economic developments. Javier Mejia is an economist at Stanford University who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

In Seven Crashes: The Economic Crises That Shaped Globalization (Yale UP, 2023), distinguished economic historian Harold James offers a fresh perspective on the past two centuries of globalization and the pivotal moments that shaped it. James analyzes seven major economic crises that occurred over this period, including the late 1840s, the simultaneous stock market shocks of 1873, the First World War years, the Great Depression era, the 1970s, the Global Financial Crisis of 2007-2008, and most recently the Covid-19 crisis. Through his insightful analysis, he illustrates how some of these crises contributed to increased cross-border integration of labor, goods, and capital markets, while others resulted in significant deglobalization. James classifies the crises into two categories: those caused by shortages and those driven by demand. He explains how shortages have led to greater globalization as markets expanded and producers innovated to increase supply, as evidenced by events such as the First World War and the oil shocks of the 1970s. In contrast, demand-driven crises, such as those that caused the Great Depression and the Global Financial Crisis of 2007-2008, have typically led to international trade contraction and decreased globalization, often accompanied by widespread skepticism of governments. To support his findings, James examines the writings of key observers who shaped our understanding of each crisis, including Karl Marx in 1848, Stanley Jevons, Léon Walras, and Carl Menger in the 1870s, German Treasury Secretary Karl Helfferich in the First World War, John Maynard Keynes in the Great Depression, Milton Friedman and Friedrich Hayek in the 1970s, Ben Bernanke in 2008, and Larry Summers and Raj Chetty in 2020. Overall, James' work provides an insightful and thought-provoking analysis of the relationship between economic crises and globalization over the past two centuries, and sheds light on the potential trajectory of future economic developments. Javier Mejia is an economist at Stanford University who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Seven Crashes: The Economic Crises That Shaped Globalization (Yale UP, 2023), distinguished economic historian Harold James offers a fresh perspective on the past two centuries of globalization and the pivotal moments that shaped it. James analyzes seven major economic crises that occurred over this period, including the late 1840s, the simultaneous stock market shocks of 1873, the First World War years, the Great Depression era, the 1970s, the Global Financial Crisis of 2007-2008, and most recently the Covid-19 crisis. Through his insightful analysis, he illustrates how some of these crises contributed to increased cross-border integration of labor, goods, and capital markets, while others resulted in significant deglobalization. James classifies the crises into two categories: those caused by shortages and those driven by demand. He explains how shortages have led to greater globalization as markets expanded and producers innovated to increase supply, as evidenced by events such as the First World War and the oil shocks of the 1970s. In contrast, demand-driven crises, such as those that caused the Great Depression and the Global Financial Crisis of 2007-2008, have typically led to international trade contraction and decreased globalization, often accompanied by widespread skepticism of governments. To support his findings, James examines the writings of key observers who shaped our understanding of each crisis, including Karl Marx in 1848, Stanley Jevons, Léon Walras, and Carl Menger in the 1870s, German Treasury Secretary Karl Helfferich in the First World War, John Maynard Keynes in the Great Depression, Milton Friedman and Friedrich Hayek in the 1970s, Ben Bernanke in 2008, and Larry Summers and Raj Chetty in 2020. Overall, James' work provides an insightful and thought-provoking analysis of the relationship between economic crises and globalization over the past two centuries, and sheds light on the potential trajectory of future economic developments. Javier Mejia is an economist at Stanford University who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

Kim Stanley Robinson discusses Real Utopian Futures. Find the feed of English episodes only here: https://www.futurehistories-international.com/ You can also import the RSS feed to your favorite app: https://www.futurehistories-international.com/feed.xml   Shownotes The reference page on Kim Stanley Robinson, his works, interviews, talks, etc. (including a discussion forum): https://www.kimstanleyrobinson.info/ Robinson, K. S. (2020). The Ministry for the Future. Orbit Books. https://www.orbit-books.co.uk/titles/kim-stanley-robinson/the-ministry-for-the-future/9780356508863/ Robinson, K. S. (2017). New York 2140. Orbit Books. https://www.orbit-books.co.uk/titles/kim-stanley-robinson/new-york-2140/9780356508788/ Robinson, K. S. (1988). The Gold Coast. Macmillan. https://us.macmillan.com/books/9780312890377/thegoldcoast/ Blumenfeld, J. (2024). Managing Decline. Cured Quail, Vol. 3. https://curedquail.com/Managing-Decline Blumenfeld, J. (2022). Climate Barbarism. Adapting to a wrong World. Constellations, 30, 162–178. https://onlinelibrary.wiley.com/doi/10.1111/1467-8675.12596 the quoted Kohei Saito video: https://youtube.com/shorts/WnvhD7p651M?si=SdfPftKOCJM6MS9j the lecture in which Kim Stanley Robinson talks about “futurecide” and “preemptive capitulation”: https://youtu.be/HpzXkpx29S4?si=PVlOE53Hj5-BZR5B reporting on and summary of the talk: https://www.ioes.ucla.edu/article/the-war-on-science-is-here-kim-stanley-robinson-says-its-just-the-beginning/ Löwy, M. (2005). What is Ecosocialism? Capitalism Nature Socialism, 16(2), 15–24. https://www.tandfonline.com/doi/abs/10.1080/10455750500108237 for an overview of the history and different schools of Ecomarxist/Ecosocialist theory: https://www.historicalmaterialism.org/ecology-marxism-andreas-malm/ on Anna Kornbluh: http://www.annakornbluh.com/ on Mass Extinction Events: https://www.nhm.ac.uk/discover/what-is-mass-extinction-and-are-we-facing-a-sixth-one.html Dressler, A. (2025). You have 100 ‘Energy Slaves'. The Climate Brink. https://www.theclimatebrink.com/p/you-have-100-energy-slaves on the 30 by 30 Biodiversity Goal: https://www.cop28.com/en/thought-leadership/The-30x30-Biodiversity-Goal-at-COP28 the International Maritime Organization: https://www.imo.org/ on the ‘Half-Earth Project': https://eowilsonfoundation.org/what-is-the-half-earth-project/ Wilson, E. O. (2016). Half-Earth. Our Planet's Fight for Life. Norton Books. https://wwnorton.com/books/9781631492525 Pendergrass, D. & Vettese, T. (2022). Half-Earth Socialism. A Plan to Save the Future from Extinction, Climate Change and Pandemics. Verso. https://www.versobooks.com/products/2650-half-earth-socialism one of the many interviews/talks in which Kim Stanley Robinson talks about science fiction as the realism of our times: https://youtu.be/p1wNhc46xjE?si=hOdKuwRQhef-9tLs on the Turing Test: https://en.wikipedia.org/wiki/Turing_test on Neoliberalism attaching itself to demands of the New Left: Boltanski, L. & Chiapello, E. (2018). The New Spirit of Capitalism. Verso. https://www.versobooks.com/products/1980-the-new-spirit-of-capitalism on Friedrich Hayek: https://en.wikipedia.org/wiki/Friedrich_Hayek Williams, R. (2015). Structures of Feeling. In: D. Sharma & F. Tygstrup (Ed.), Structures of Feeling. Affectivity and the Study of Culture (pp. 20-26). https://www.degruyterbrill.com/document/doi/10.1515/9783110365481.20/html on Keynesianism: https://en.wikipedia.org/wiki/Keynesian_economics Vogl, J. (2017). The Ascendancy of Finance. Polity Press. https://www.politybooks.com/bookdetail?book_slug=the-ascendancy-of-finance--9781509509294 Graeber, D. (2011). Debt. The First 5,000 Years. Melville House. https://files.libcom.org/files/__Debt__The_First_5_000_Years.pdf on Thomas Piketty: https://en.wikipedia.org/wiki/Thomas_Piketty on Gabriel Zucman: https://en.wikipedia.org/wiki/Gabriel_Zucman on the ‘Zucman tax': https://www.lemonde.fr/en/les-decodeurs/article/2025/09/23/zucman-tax-what-the-proposed-wealth-tax-would-mean-for-france_6745653_8.html on Carbon Taxes: https://en.wikipedia.org/wiki/Carbon_tax Sorg, C. (2023). Finance as a Form of Economic Planning. Competition & Change, 29(1), 17-37. https://journals.sagepub.com/doi/10.1177/10245294231217578 Sarkar, S. (2024). The Carbon Coin. An Eco-Speculative Approach to Decarbonisation in Kim Stanley Robinson's The Ministry for the Future. Green Letters, 28(4), 297–310. https://www.tandfonline.com/doi/full/10.1080/14688417.2025.2483998 A policy proposal on ‘Carbon Reward' from the same researcher whose earlier policy work inspired the ‘Carbon Coin' idea in The Ministry for the Future: https://deltonchen.substack.com/p/new-economic-blueprint-for-resolving see also: https://globalcarbonreward.org/newsletters/carbon-coin/ on Quantitative Easing: https://en.wikipedia.org/wiki/Quantitative_easing on Carbon Drawdown: https://en.wikipedia.org/wiki/Carbon_sequestration on Nicolas Stern: https://en.wikipedia.org/wiki/Nicholas_Stern,_Baron_Stern_of_Brentford on the Democratic Socialists of America: https://www.dsausa.org/ the Network for Greening the Financial System: https://www.ngfs.net/en on COP30 in Belém: https://unfccc.int/cop30 Solnit, R. (2022). Orwell's Roses. Penguin. https://www.penguinrandomhouse.com/books/607057/orwells-roses-by-rebecca-solnit/ Future Histories Episodes on Related Topics S3E47 | Jason W. Moore on Socialism in the Web of Life https://www.futurehistories.today/episoden-blog/s03/e47-jason-w-moore-on-socialism-in-the-web-of-life/ S03E44 | Anna Kornbluh on Climate Counteraesthetics https://www.futurehistories.today/episoden-blog/s03/e44-anna-kornbluh-on-climate-counteraesthetics/ S03E32 | Jacob Blumenfeld on Climate Barbarism and Managing Decline https://www.futurehistories.today/episoden-blog/s03/e32-jacob-blumenfeld-on-climate-barbarism-and-managing-decline/ S03E30 | Matt Huber & Kohei Saito on Growth, Progress and Left Imaginaries https://www.futurehistories.today/episoden-blog/s03/e30-matt-huber-kohei-saito-on-growth-progress-and-left-imaginaries/ S03E23 | Andreas Malm on Overshooting into Climate Breakdown https://www.futurehistories.today/episoden-blog/s03/e23-andreas-malm-on-overshooting-into-climate-breakdown/ S02E18 | Drew Pendergrass and Troy Vettese on Half Earth Socialism https://www.futurehistories.today/episoden-blog/s02/e18-drew-pendergrass-and-troy-vettese-on-half-earth-socialism/ --- If you are interested in democratic economic planning, these resources might be of help: Democratic planning – an information website https://www.democratic-planning.com/ Sorg, C. & Groos, J. (eds.)(2025). Rethinking Economic Planning. Competition & Change Special Issue Volume 29 Issue 1. https://journals.sagepub.com/toc/ccha/29/1 Groos, J. & Sorg, C. (2025). Creative Construction - Democratic Planning in the 21st Century and Beyond. Bristol University Press. [for a review copy, please contact: amber.lanfranchi[at]bristol.ac.uk] https://bristoluniversitypress.co.uk/creative-construction International Network for Democratic Economic Planning https://www.indep.network/ Democratic Planning Research Platform: https://www.planningresearch.net/ --- Future Histories Contact & Support If you like Future Histories, please consider supporting us on Patreon: https://www.patreon.com/join/FutureHistories Contact: office@futurehistories.today Twitter: https://twitter.com/FutureHpodcast Instagram: https://www.instagram.com/futurehpodcast/ Mastodon: https://mstdn.social/@FutureHistories English webpage: https://futurehistories-international.com   Episode Keywords #KimStanleyRobinson, #JanGroos, #Interview, #FutureHistories, #FutureHistoriesInternational, #futurehistoriesinternational, #Utopia, #RealUtopias, #DemocraticPlanning, #Keynes, #Dystopia, #DemocraticEconomicPlanning, #Capitalism, #EcoSocialism, #Socialism, #GreenCapitalism, #Narratives, #ClimateCounterAesthetics, #Transition, #SocioEcologicalTransition, #SocialDemocracy, #ScienceFiction

Vivemos num tempo de paradoxos. A linguagem da liberdade, tão presente nos discursos modernos, frequentemente serve de disfarce para sistemas crescentemente controladores, tanto no campo político quanto no eclesiástico. É nesse cenário que o pensamento de Friedrich Hayek (1899–1992) emerge com força profética, não por apontar uma teologia explícita, mas por diagnosticar com precisão os perigos que rondam qualquer estrutura que confunde eficiência com verdade, e controle com missão. A Igreja Adventista do Sétimo Dia, como movimento escatológico e profético, está chamada a refletir: até que ponto a centralização administrativa, o excesso de regulação e a lógica tecnocrática ameaçam a liberdade necessária à atuação do Espírito e ao florescimento do chamado apostólico?

There's a word that's gained a lot of popularity in the last year: “ensh*ttification”. It refers to a trajectory many see with digital platforms: they initially offer immense value to users, only to systematically degrade that quality over time in order to extract maximum surplus for shareholders. We invited the coiner of this term, science fiction author and activist Cory Doctorow, on the podcast to discuss whether he thinks this decline is an inevitable feature of digital markets or a consequence of specific policy failures. And, most importantly, how he thinks it could be reversed.For Doctorow, "ensh*ttification" is not simply a result of "revealed preferences", where users tolerate worse service because they value the platform, but rather the outcome of a regulatory environment that has permitted the creation of high switching costs and the elimination of competitors. Doctorow also argues that historically, interoperability acted as an engine of dynamism, allowing new entrants to lower the barriers to entry. But current IP frameworks, such as anti-circumvention laws, have been "weaponized" to prevent this, effectively allowing firms to enforce cartels and engage in rent-seeking behavior.Finally, Doctorow offers a critical assessment of the current AI boom, arguing that the sector is creating "reverse centaurs", where human labor is conscripted to correct algorithmic errors, and warns of a potential asset bubble driven by inflated revenue attribution. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

El sistema electoral transmite las preferencias de los ciudadanos. La tesis de Benito Arruñada, en La culpa es nuestra, es que los problemas del país no son tanto por culpa de unas élites extractivas, que sin duda existen, sino por las preferencias y la cultura de los ciudadanos. «Es habitual que se atribuyan los problemas sociales, desde la corrupción al desempleo o al derroche del presupuesto público, a los políticos y las élites. Muchos problemas sociales derivan menos de la incompetencia o el egoísmo de unos pocos que de la interacción entre preferencias ciudadanas y decisiones políticas».Kapital es posible gracias a sus colaboradores:Crescenta⁠⁠. Invierte como imaginas.⁠⁠En Crescenta son especialistas en la inversión en capital privado. EQT, Cinven, Clearlake… coinvierte con los inversores institucionales más experimentados en fondos de las gestoras más reconocidas. Crescenta selecciona menos del 3% de los fondos de Private Equity que analiza, construyendo así un portfolio concentrado, diseñado para ofrecer diversificación con una única inversión. Desde 10.000 euros hasta millones, con una propuesta adaptada a todos los inversores. Private Equity Growth, Buyouts, secundarios, activos reales. Construye tu cartera con Crescenta.* Rentabilidades pasadas no implican rentabilidades futuras. Consulta riesgos y condiciones.⁠Thenomba⁠. La escuela que te hará encontrar tu propósito.Thenomba es la escuela que nunca tuviste. Un viaje de 12 etapas para entender quién eres, cómo pensar, qué da sentido y cómo transformar el mundo. Cada día, en solo 20 minutos, te acompañan algunos de los mejores pensadores y creadores del ámbito hispano: de Prada, Higinio Marín, Izanami, Miguel Anxo Bastos, Recuenco y muchos más. En un formato revolucionario con videoclases, eventos, lecturas y comunidad, Thenomba cultiva la dimensión más olvidada de nuestra época: la cultural y espiritual. Una propuesta para quienes quieren dejar de ejecutar y empezar a crear. Descubre donde la IA jamás podrá llegar en thenomba.com.Si quieres formar parte de la primera promoción, utiliza el código KAPITAL para llevarte un 10% de descuento. Empiezan las clases el próximo lunes 8 de diciembre.Patrocina Kapital. Toda la información en este link.Índice:0:32 El AVE desde las perspectivas de Coase y Hayek.5:53 Cobrar el salario bruto es más educador.24:42 Autonomía sin responsabilidad.38:11 Nadie vendrá a rescatarnos.46:38 Estado de amiguetes, no capitalismo de amiguetes.1:02:09 Es injusto tasar gananciales en un contexto de inflación.1:17:44 Precios escondidos de la educación.1:21:44 Falsa protección de la parte débil.1:27:10 Inversión en capital humano.1:36:31 La mítica casa ochentera de Alcaraz.1:38:33 Los silencios están permitidos en este podcast.Apuntes:La culpa es nuestra. Benito Arruñada.El uso del conocimiento en la sociedad. Friedrich Hayek.La pretensión del conocimiento. Friedrich Hayek.El problema del coste social. Ronald Coase.Fiesta. Ernest Hemingway.Juan Belmonte, matador de toros. Manuel Chaves Nogales.

Stijn Schmitz welcomes Dr. Mark Thornton to the show. Dr. Mark Thornton is Economist and Senior Fellow at the Mises Institute. The discussion centers on the current state of precious metals, monetary policy, and economic systems, with a particular focus on gold and silver’s role in the global financial landscape. Thornton argues that gold is fundamentally money, and governments have only recently forced their way into replacing commodity money with fiat currency. He suggests that the current precious metals market is still in its early stages, with central bank buying and distrust in the US dollar driving significant interest. The gold and silver markets are experiencing growing pains, with increasing investor attention and potential for further price appreciation. The conversation delves into the fundamental differences between Austrian and Keynesian economics. Thornton criticizes Keynesian economics as a state-controlled ideology that promotes government spending and manipulates interest rates, whereas Austrian economics advocates for market-driven monetary systems and private property rights. He highlights how central bank policies create economic bubbles and exacerbate wealth inequality by favoring asset-rich individuals. Thornton sees potential for a significant monetary transformation, potentially triggered by the current precious metals bull market. He believes the collision between Western and Eastern financial markets, coupled with the rise of cryptocurrencies, could lead to a fundamental restructuring of monetary systems. The possibility of a return to a gold standard or a gold-backed settlement currency is discussed as a potential future scenario. The economist also warns about potential economic bubbles in artificial intelligence and private equity, arguing that the Federal Reserve’s monetary policies have created unsustainable conditions across various sectors. He believes that while central banks have been able to temporarily extend economic cycles, their power is not infinite, and a significant market correction is inevitable. Thornton concludes by emphasizing the importance of understanding Austrian economic principles and encourages listeners to explore the works of economists like Friedrich Hayek to gain deeper insights into monetary systems and economic dynamics. Timestamps: 00:00:00 – Introduction 00:01:19 – Gold as Money 00:04:21 – Central Bank Distrust 00:05:52 – Bull Run Early Stages 00:09:35 – Historical Parallels 1980s 00:14:15 – Return to Gold Standard 00:18:16 – Bond Markets Unraveling 00:24:07 – Austrian vs Keynesian Economics 00:31:19 – Flexible Inflation Targeting 00:33:53 – Silver Monetary Role 00:45:46 – AI Private Equity Bubbles 00:51:11 – Future Recession Outlook 00:55:41 – Concluding Thoughts Guest Links: Website: https://mises.org X: https://x.com/DrMarkThornton E-Mail: mailto:mthornton@mises.org YouTube: https://www.youtube.com/results?search_query=mark+thornton+minor+issues Book-Hayek: https://mises.org/library/book/hayek-21st-century-essays-political-economy Dr. Mark Thornton is a Senior Fellow at the Mises Institute and formerly held the Peterson-Luddy Chair in Austrian Economics. He hosts the podcasts Minor Issues and Unanimity and is Book Review Editor of the Quarterly Journal of Austrian Economics. His books include The Economics of Prohibition, Tariffs, Blockades, and Inflation, The Bastiat Collection, and The Skyscraper Curse. He has served on multiple editorial boards, taught economics at several universities, and worked as Assistant Superintendent of Banking and adviser to Alabama Governor Fob James. He holds degrees from St. Bonaventure University and Auburn University and has debated the “War on Drugs” at the Oxford Union. Dr. Thornton has been featured in major outlets such as The Economist, Forbes, New York Times, Wall Street Journal, and USA Today, along with numerous international and regional newspapers. His commentary appears regularly on the Mises Institute's platforms and on programs such as Boom-Bust, the Tom Woods Show, and the Scott Horton Show.

In Neoliberalism and Race (Stanford UP, 2025) Lars Cornelissen argues that the category of race constitutes an organizing principle of neoliberal ideology. Using the methods of intellectual history and drawing on insights from critical race studies, Cornelissen explores the various racial constructs that structure neoliberal ideology, some of which are explicit, while others are more coded. Beginning in the interwar period and running through to recent developments, Neoliberalism and Race shows that racial themes have always pervaded neoliberal thinking. The book's key argument is that neoliberal thought is constitutively racialized—its racial motifs cannot be extracted from neoliberalism without rendering it theoretically and politically incoherent. The book aptly explores a wide variety of racial constructs through the structure of neoliberal ideology, deconstructing the conceptualizations in the works of landmark thinkers such as Ludwig von Mises, Friedrich Hayek, Peter Bauer, Thomas Sowell, Charles Murray, and others from the early twentieth century to the present. In this original—perhaps controversial—critique, Cornelissen asserts that neoliberal thinkers were not just the passive recipients of racial discourse, but also directly impacted it. Lars Cornelissen is a historian of neoliberalism. His writings have been published in History of European Ideas, Constellations, and Modern Intellectual History. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube Channel: here Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

In Neoliberalism and Race (Stanford UP, 2025) Lars Cornelissen argues that the category of race constitutes an organizing principle of neoliberal ideology. Using the methods of intellectual history and drawing on insights from critical race studies, Cornelissen explores the various racial constructs that structure neoliberal ideology, some of which are explicit, while others are more coded. Beginning in the interwar period and running through to recent developments, Neoliberalism and Race shows that racial themes have always pervaded neoliberal thinking. The book's key argument is that neoliberal thought is constitutively racialized—its racial motifs cannot be extracted from neoliberalism without rendering it theoretically and politically incoherent. The book aptly explores a wide variety of racial constructs through the structure of neoliberal ideology, deconstructing the conceptualizations in the works of landmark thinkers such as Ludwig von Mises, Friedrich Hayek, Peter Bauer, Thomas Sowell, Charles Murray, and others from the early twentieth century to the present. In this original—perhaps controversial—critique, Cornelissen asserts that neoliberal thinkers were not just the passive recipients of racial discourse, but also directly impacted it. Lars Cornelissen is a historian of neoliberalism. His writings have been published in History of European Ideas, Constellations, and Modern Intellectual History. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube Channel: here Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

In Neoliberalism and Race (Stanford UP, 2025) Lars Cornelissen argues that the category of race constitutes an organizing principle of neoliberal ideology. Using the methods of intellectual history and drawing on insights from critical race studies, Cornelissen explores the various racial constructs that structure neoliberal ideology, some of which are explicit, while others are more coded. Beginning in the interwar period and running through to recent developments, Neoliberalism and Race shows that racial themes have always pervaded neoliberal thinking. The book's key argument is that neoliberal thought is constitutively racialized—its racial motifs cannot be extracted from neoliberalism without rendering it theoretically and politically incoherent. The book aptly explores a wide variety of racial constructs through the structure of neoliberal ideology, deconstructing the conceptualizations in the works of landmark thinkers such as Ludwig von Mises, Friedrich Hayek, Peter Bauer, Thomas Sowell, Charles Murray, and others from the early twentieth century to the present. In this original—perhaps controversial—critique, Cornelissen asserts that neoliberal thinkers were not just the passive recipients of racial discourse, but also directly impacted it. Lars Cornelissen is a historian of neoliberalism. His writings have been published in History of European Ideas, Constellations, and Modern Intellectual History. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube Channel: here Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/intellectual-history

In Neoliberalism and Race (Stanford UP, 2025) Lars Cornelissen argues that the category of race constitutes an organizing principle of neoliberal ideology. Using the methods of intellectual history and drawing on insights from critical race studies, Cornelissen explores the various racial constructs that structure neoliberal ideology, some of which are explicit, while others are more coded. Beginning in the interwar period and running through to recent developments, Neoliberalism and Race shows that racial themes have always pervaded neoliberal thinking. The book's key argument is that neoliberal thought is constitutively racialized—its racial motifs cannot be extracted from neoliberalism without rendering it theoretically and politically incoherent. The book aptly explores a wide variety of racial constructs through the structure of neoliberal ideology, deconstructing the conceptualizations in the works of landmark thinkers such as Ludwig von Mises, Friedrich Hayek, Peter Bauer, Thomas Sowell, Charles Murray, and others from the early twentieth century to the present. In this original—perhaps controversial—critique, Cornelissen asserts that neoliberal thinkers were not just the passive recipients of racial discourse, but also directly impacted it. Lars Cornelissen is a historian of neoliberalism. His writings have been published in History of European Ideas, Constellations, and Modern Intellectual History. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube Channel: here Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/american-studies

In Neoliberalism and Race (Stanford UP, 2025) Lars Cornelissen argues that the category of race constitutes an organizing principle of neoliberal ideology. Using the methods of intellectual history and drawing on insights from critical race studies, Cornelissen explores the various racial constructs that structure neoliberal ideology, some of which are explicit, while others are more coded. Beginning in the interwar period and running through to recent developments, Neoliberalism and Race shows that racial themes have always pervaded neoliberal thinking. The book's key argument is that neoliberal thought is constitutively racialized—its racial motifs cannot be extracted from neoliberalism without rendering it theoretically and politically incoherent. The book aptly explores a wide variety of racial constructs through the structure of neoliberal ideology, deconstructing the conceptualizations in the works of landmark thinkers such as Ludwig von Mises, Friedrich Hayek, Peter Bauer, Thomas Sowell, Charles Murray, and others from the early twentieth century to the present. In this original—perhaps controversial—critique, Cornelissen asserts that neoliberal thinkers were not just the passive recipients of racial discourse, but also directly impacted it. Lars Cornelissen is a historian of neoliberalism. His writings have been published in History of European Ideas, Constellations, and Modern Intellectual History. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube Channel: here Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/european-studies

In Neoliberalism and Race (Stanford UP, 2025) Lars Cornelissen argues that the category of race constitutes an organizing principle of neoliberal ideology. Using the methods of intellectual history and drawing on insights from critical race studies, Cornelissen explores the various racial constructs that structure neoliberal ideology, some of which are explicit, while others are more coded. Beginning in the interwar period and running through to recent developments, Neoliberalism and Race shows that racial themes have always pervaded neoliberal thinking. The book's key argument is that neoliberal thought is constitutively racialized—its racial motifs cannot be extracted from neoliberalism without rendering it theoretically and politically incoherent. The book aptly explores a wide variety of racial constructs through the structure of neoliberal ideology, deconstructing the conceptualizations in the works of landmark thinkers such as Ludwig von Mises, Friedrich Hayek, Peter Bauer, Thomas Sowell, Charles Murray, and others from the early twentieth century to the present. In this original—perhaps controversial—critique, Cornelissen asserts that neoliberal thinkers were not just the passive recipients of racial discourse, but also directly impacted it. Lars Cornelissen is a historian of neoliberalism. His writings have been published in History of European Ideas, Constellations, and Modern Intellectual History. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube Channel: here Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Why is it okay to take the little shampoo bottles in hotels home with you but not the towels? And what stops people from taking the towels? Listen as political scientist Anthony Gill discusses the enforcement of property rights with EconTalk's Russ Roberts. Backing up their observations with insights from Adam Smith, Friedrich Hayek, and our everyday lives, they argue that the unenforced norms surrounding trust, propriety, and moral sentiments play a central role in building a flourishing society.

Terwijl het IMF en de Wereldbank bijeen waren in Washington D.C., werd in het Zweedse Stockholm de Nobelprijs voor de Economie uitgereikt, onder meer aan de Franse econoom Philippe Aghion. Macro-econoom Arnoud Boot ziet een verband: ‘Het draait uiteindelijk om de vraag hoe je een economie concurrerender kunt maken.’ Aghion deelt de prijs met Joel Mokyr en Peter Howitt. Volgens de Zweedse Koninklijke Academie van Wetenschappen hebben de drie wetenschappers laten zien ‘hoe innovatie de drijvende kracht is achter verdere vooruitgang.’ Wat heeft dat met de jaarvergaderingen van het IMF en de Wereldbank te maken? Bij die vergaderingen komen beleidsmakers bij elkaar: van centrale bankiers tot ministers van Financiën en academici. In verschillende sessies, online te volgen voor iedereen, werd gesproken over onder meer het slim uitgeven van geld. Daarmee wordt bedoeld investeren in onderwijs en infrastructuur, wat een economie sterker maakt. Ook werden gevaren besproken die productiviteitsgroei bedreigen, zoals kunstmatige intelligentie. En dan kom je uit bij Philippe Aghion. Een uitstekend econoom die altijd benadrukt hoe je een economie concurrerender kunt maken en beter kunt laten functioneren. Hij is ervaringsdeskundige en zegt vooral zijn thuisland Frankrijk níet als voorbeeld te nemen. Hoe moet het dan wél? Twee invalshoeken. De ene komt van de Oostenrijkse econoom Friedrich Hayek, die in 1974 de Nobelprijs voor de Economie kreeg. Hij was een groot econoom en tegenspeler van Keynes. Hayek pleitte voor ‘Let a thousand flowers bloom’ — laat duizend bloemen floreren. Hij bedoelde dat ideeën een kans moeten krijgen en dat je niet alleen de bestaande grote bedrijven moet beschermen met ineffectief industriebeleid. Precies waar Aghion het over heeft. De andere invalshoek kwam van de Deense minister van Economische Zaken tijdens één van de IMF-sessies. Hij zei dat de interne markt versterkt moet worden. Want 800 miljard euro uitgeven aan innovatie is zinloos als we eerst niet de barrières tussen landen opheffen. Kleinere, groeiende bedrijven hebben geen schijn van kans als de interne markt niet goed functioneert. Oftewel: het slim uitgeven van geld. Naar wie moeten we luisteren? Naar alle drie. We moeten luisteren naar Denemarken, naar Hayek, en naar Philippe Aghion, die tegen alle klippen op blijft roepen en blijft hopen op een meer glorievolle Franse economie. See omnystudio.com/listener for privacy information.

“The origin was really trying to make sense of that 2016-2017 moment and to ask whether the alt-right was, as we were being told, a return to the 1930s, a kind of awakening of the sleeping beast of white supremacy armed in the streets in the United States. There are many explanations, but I decided to take this kind of curious route in with the distorted readings and reinterpretations of the works of people like Ludwig von Mises and Friedrich Hayek. As a scholar of comparative literature, I wanted to write a revision based on Crack-Up Capitalism.”In this episode of the Speaking Out of Place podcast, Professor David Palumbo-Liu talks with Quinn Slobodian about his new book, Hayek's Bastards: Race, Gold, IQ, and the Capitalism of the Far Right. He takes a deep dive into the genesis of a weird and powerful merging of two seemingly different groups the Far Right and neoliberals. Slobodian writes, “as repellent as their politics may be these radical thinkers are not barbarians the gates of neoliberalism but the bastard offspring of that line of thought itself.” They talk about how this meshing is driven by a primitive desire to ward off egalitarianism, difference, democracy, and government that services the common good. The wide-ranging talk ends with addressing DOGE, Trump's tariffs, and yes, the Jeffrey Epstein case.Quinn Slobodian is a professor of international history at the Frederick S. Pardee School of Global Studies at Boston University. His books, which have been translated into ten languages, include Globalists: The End of Empire and the Birth of Neoliberalism, Crack-Up Capitalism: Market Radicals and the Dream of a World without Democracy, and Hayek's Bastards: Race, Gold, IQ and the Capitalism of the Far Right . A Guggenheim Fellow for 2025-6, he has been an associate fellow at Chatham House and held residential fellowships at Harvard University and Free University Berlin. Project Syndicate put him on a list of 30 Forward Thinkers and Prospect UK named him one of the World's 25 Top Thinkers.https://speakingoutofplace.comBluesky @palumboliu.bsky.socialInstagram @speaking_out_of_place

“The origin was really trying to make sense of that 2016-2017 moment and to ask whether the alt-right was, as we were being told, a return to the 1930s, a kind of awakening of the sleeping beast of white supremacy armed in the streets in the United States. There are many explanations, but I decided to take this kind of curious route in with the distorted readings and reinterpretations of the works of people like Ludwig von Mises and Friedrich Hayek. As a scholar of comparative literature, I wanted to write a revision based on Crack-Up Capitalism.”In this episode of the Speaking Out of Place podcast, Professor David Palumbo-Liu talks with Quinn Slobodian about his new book, Hayek's Bastards: Race, Gold, IQ, and the Capitalism of the Far Right. He takes a deep dive into the genesis of a weird and powerful merging of two seemingly different groups the Far Right and neoliberals. Slobodian writes, “as repellent as their politics may be these radical thinkers are not barbarians the gates of neoliberalism but the bastard offspring of that line of thought itself.” They talk about how this meshing is driven by a primitive desire to ward off egalitarianism, difference, democracy, and government that services the common good. The wide-ranging talk ends with addressing DOGE, Trump's tariffs, and yes, the Jeffrey Epstein case.Quinn Slobodian is a professor of international history at the Frederick S. Pardee School of Global Studies at Boston University. His books, which have been translated into ten languages, include Globalists: The End of Empire and the Birth of Neoliberalism, Crack-Up Capitalism: Market Radicals and the Dream of a World without Democracy, and Hayek's Bastards: Race, Gold, IQ and the Capitalism of the Far Right . A Guggenheim Fellow for 2025-6, he has been an associate fellow at Chatham House and held residential fellowships at Harvard University and Free University Berlin. Project Syndicate put him on a list of 30 Forward Thinkers and Prospect UK named him one of the World's 25 Top Thinkers.https://speakingoutofplace.comBluesky @palumboliu.bsky.socialInstagram @speaking_out_of_place

“The origin was really trying to make sense of that 2016-2017 moment and to ask whether the alt-right was, as we were being told, a return to the 1930s, a kind of awakening of the sleeping beast of white supremacy armed in the streets in the United States. There are many explanations, but I decided to take this kind of curious route in with the distorted readings and reinterpretations of the works of people like Ludwig von Mises and Friedrich Hayek. As a scholar of comparative literature, I wanted to write a revision based on Crack-Up Capitalism.”In this episode of the Speaking Out of Place podcast, Professor David Palumbo-Liu talks with Quinn Slobodian about his new book, Hayek's Bastards: Race, Gold, IQ, and the Capitalism of the Far Right. He takes a deep dive into the genesis of a weird and powerful merging of two seemingly different groups the Far Right and neoliberals. Slobodian writes, “as repellent as their politics may be these radical thinkers are not barbarians the gates of neoliberalism but the bastard offspring of that line of thought itself.” They talk about how this meshing is driven by a primitive desire to ward off egalitarianism, difference, democracy, and government that services the common good. The wide-ranging talk ends with addressing DOGE, Trump's tariffs, and yes, the Jeffrey Epstein case.Quinn Slobodian is a professor of international history at the Frederick S. Pardee School of Global Studies at Boston University. His books, which have been translated into ten languages, include Globalists: The End of Empire and the Birth of Neoliberalism, Crack-Up Capitalism: Market Radicals and the Dream of a World without Democracy, and Hayek's Bastards: Race, Gold, IQ and the Capitalism of the Far Right . A Guggenheim Fellow for 2025-6, he has been an associate fellow at Chatham House and held residential fellowships at Harvard University and Free University Berlin. Project Syndicate put him on a list of 30 Forward Thinkers and Prospect UK named him one of the World's 25 Top Thinkers.https://speakingoutofplace.comBluesky @palumboliu.bsky.socialInstagram @speaking_out_of_place

“The origin was really trying to make sense of that 2016-2017 moment and to ask whether the alt-right was, as we were being told, a return to the 1930s, a kind of awakening of the sleeping beast of white supremacy armed in the streets in the United States. There are many explanations, but I decided to take this kind of curious route in with the distorted readings and reinterpretations of the works of people like Ludwig von Mises and Friedrich Hayek. As a scholar of comparative literature, I wanted to write a revision based on Crack-Up Capitalism.”In this episode of the Speaking Out of Place podcast, Professor David Palumbo-Liu talks with Quinn Slobodian about his new book, Hayek's Bastards: Race, Gold, IQ, and the Capitalism of the Far Right. He takes a deep dive into the genesis of a weird and powerful merging of two seemingly different groups the Far Right and neoliberals. Slobodian writes, “as repellent as their politics may be these radical thinkers are not barbarians the gates of neoliberalism but the bastard offspring of that line of thought itself.” They talk about how this meshing is driven by a primitive desire to ward off egalitarianism, difference, democracy, and government that services the common good. The wide-ranging talk ends with addressing DOGE, Trump's tariffs, and yes, the Jeffrey Epstein case.Quinn Slobodian is a professor of international history at the Frederick S. Pardee School of Global Studies at Boston University. His books, which have been translated into ten languages, include Globalists: The End of Empire and the Birth of Neoliberalism, Crack-Up Capitalism: Market Radicals and the Dream of a World without Democracy, and Hayek's Bastards: Race, Gold, IQ and the Capitalism of the Far Right . A Guggenheim Fellow for 2025-6, he has been an associate fellow at Chatham House and held residential fellowships at Harvard University and Free University Berlin. Project Syndicate put him on a list of 30 Forward Thinkers and Prospect UK named him one of the World's 25 Top Thinkers.https://speakingoutofplace.comBluesky @palumboliu.bsky.socialInstagram @speaking_out_of_place

“The origin was really trying to make sense of that 2016-2017 moment and to ask whether the alt-right was, as we were being told, a return to the 1930s, a kind of awakening of the sleeping beast of white supremacy armed in the streets in the United States. There are many explanations, but I decided to take this kind of curious route in with the distorted readings and reinterpretations of the works of people like Ludwig von Mises and Friedrich Hayek. As a scholar of comparative literature, I wanted to write a revision based on Crack-Up Capitalism.”In this episode of the Speaking Out of Place podcast, Professor David Palumbo-Liu talks with Quinn Slobodian about his new book, Hayek's Bastards: Race, Gold, IQ, and the Capitalism of the Far Right. He takes a deep dive into the genesis of a weird and powerful merging of two seemingly different groups the Far Right and neoliberals. Slobodian writes, “as repellent as their politics may be these radical thinkers are not barbarians the gates of neoliberalism but the bastard offspring of that line of thought itself.” They talk about how this meshing is driven by a primitive desire to ward off egalitarianism, difference, democracy, and government that services the common good. The wide-ranging talk ends with addressing DOGE, Trump's tariffs, and yes, the Jeffrey Epstein case.Quinn Slobodian is a professor of international history at the Frederick S. Pardee School of Global Studies at Boston University. His books, which have been translated into ten languages, include Globalists: The End of Empire and the Birth of Neoliberalism, Crack-Up Capitalism: Market Radicals and the Dream of a World without Democracy, and Hayek's Bastards: Race, Gold, IQ and the Capitalism of the Far Right . A Guggenheim Fellow for 2025-6, he has been an associate fellow at Chatham House and held residential fellowships at Harvard University and Free University Berlin. Project Syndicate put him on a list of 30 Forward Thinkers and Prospect UK named him one of the World's 25 Top Thinkers.https://speakingoutofplace.comBluesky @palumboliu.bsky.socialInstagram @speaking_out_of_place

In this conversation from 2023, Alex speaks with Pete Boettke about the relevancy of Friedrich Hayek in the contemporary context, what it means to be a "Hayekian" and the curious tale of how Hayek came to be the focus of his latest book "F. A. Hayek: Economics, Political Economy and Social Philosophy" Episode Notes Pete's book “F. A. Hayek: Economics, Political Economy and Social Philosophy“ https://a.co/d/ah7SpwW  Hayek on The Stanford Encyclopedia of Philosophy https://plato.stanford.edu/entries/friedrich-hayek/  Introduction to Hayek's “Road to Serfdom” https://mises.org/library/road-serfdom-0  Murray Rothbard's “Man, Economy and State” retrospective https://fee.org/articles/rothbards-man-economy-and-state-at-50/  Milton Friedman's “Free To Choose” https://www.proglocode.unam.mx/sites/proglocode.unam.mx/files/docencia/Milton%20y%20Rose%20Friedman%20-%20Free%20to%20Choose.pdf  Hayek “Prices and Production” https://mises.org/library/prices-and-production-and-other-works  Introduction to economics of Lucas https://www.econlib.org/library/Enc/bios/Lucas.html  Steve Horowitz on Hayek https://www.youtube.com/watch?v=K5dR0zgC1ZI  Herbert Dreyfuss “What Computers Can't Do” https://mitpress.mit.edu/9780262540674/what-computers-still-cant-do/  Horowitz quote on Hayek “we have to learn to live in two worlds at once” https://www.jstor.org/stable/41560288  Hayek's “The Fatal Conceit” https://press.uchicago.edu/ucp/books/book/chicago/F/bo3643985.html  Kenneth Boulding “After Samuelson, Who Needs Adam Smith?” https://read.dukeupress.edu/hope/article-abstract/3/2/225/12381/After-Samuelson-Who-Needs-Adam-Smith “The Extended Present” (concept) https://medium.com/extended-present/about  The “Grapes vs. Cucumbers as pay for Monkeys” experiment (youtube video) https://www.youtube.com/watch?v=meiU6TxysCg  The Constitution of Liberty - Hayek https://www.mises.at/static/literatur/Buch/hayek-the-constitution-of-liberty.pdf  Chandran Kukathas' Liberal Archipelago https://global.oup.com/academic/product/the-liberal-archipelago-9780199219209?cc=ca&lang=en&  Kind vs. Wicked learning environments. https://www.psychologytoday.com/ca/blog/experience-studio/202007/experience-kind-vs-wicked   

Capitalism is typically treated as a force for relentless commodification. Yet it consistently fails to place value on vital aspects of the nonhuman world, whether carbon emissions or entire ecosystems. In Free Gifts, Alyssa Battistoni explores capitalism's persistent failure to value nature, arguing that the key question is not the moral issue of why some kinds of nature shouldn't be commodified, but the economic puzzle of why they haven't been. To understand contemporary ecological problems from biodiversity collapse to climate change, she contends, we have to understand how some things come to have value under capitalism—and how others do not. To help us do so, Battistoni recovers and reinterprets the idea of the free gift of nature used by classical economic thinkers to describe what we gratuitously obtain from the natural world, and builds on Karl Marx's critique of political economy to show how capitalism fundamentally treats nature as free for the taking. This novel theory of capitalism's relationship to nature not only helps us understand contemporary ecological breakdown, but also casts capitalism's own core dynamics in a new light.Battistoni addresses four different instances of the free gift in political economic thought, each in a specific domain: natural agents in industry, pollution in the environment, reproductive labor in the household, and natural capital in the biosphere. In so doing, she offers new readings of major twentieth-century thinkers, including Friedrich Hayek, Simone de Beauvoir, Garrett Hardin, Silvia Federici, and Ronald Coase. Ultimately, she offers a novel account of freedom for our ecologically troubled present, developing a materialist existentialism to argue that capitalism limits our ability to be responsible for our relationships to the natural world, and imagining how we might live freely while valuing nature's gifts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Capitalism is typically treated as a force for relentless commodification. Yet it consistently fails to place value on vital aspects of the nonhuman world, whether carbon emissions or entire ecosystems. In Free Gifts, Alyssa Battistoni explores capitalism's persistent failure to value nature, arguing that the key question is not the moral issue of why some kinds of nature shouldn't be commodified, but the economic puzzle of why they haven't been. To understand contemporary ecological problems from biodiversity collapse to climate change, she contends, we have to understand how some things come to have value under capitalism—and how others do not. To help us do so, Battistoni recovers and reinterprets the idea of the free gift of nature used by classical economic thinkers to describe what we gratuitously obtain from the natural world, and builds on Karl Marx's critique of political economy to show how capitalism fundamentally treats nature as free for the taking. This novel theory of capitalism's relationship to nature not only helps us understand contemporary ecological breakdown, but also casts capitalism's own core dynamics in a new light.Battistoni addresses four different instances of the free gift in political economic thought, each in a specific domain: natural agents in industry, pollution in the environment, reproductive labor in the household, and natural capital in the biosphere. In so doing, she offers new readings of major twentieth-century thinkers, including Friedrich Hayek, Simone de Beauvoir, Garrett Hardin, Silvia Federici, and Ronald Coase. Ultimately, she offers a novel account of freedom for our ecologically troubled present, developing a materialist existentialism to argue that capitalism limits our ability to be responsible for our relationships to the natural world, and imagining how we might live freely while valuing nature's gifts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

This week on Breaking Battlegrounds, we kick things off with Northwestern University's Gary Saul Morson, co-author of Cents and Sensibility, joins us to explore why revolutions never truly end, Dostoevsky's warnings about nihilism, and what economist Friedrich Hayek might think about artificial intelligence. We wrap up with Satya Thallam, senior advisor at Americans for Responsible Innovation, for an inside look at the political and national security implications of AI policy, from the White House's export control changes to the GOP's divide over state regulation, and what it all means for the future of innovation in America.

https://youtu.be/uVSz93KXms4 El socialismo no ha muerto, sino que ha evolucionado su discurso para adaptarse a nuestros tiempos. Ya no se presenta con los términos clásicos de "dictadura del proletariado" o "lucha de clases", sino que se ha renovado bajo conceptos aparentemente benignos como "equidad", "inclusión" y "justicia social". Sin embargo, como advirtieron pensadores como Ludwig von Mises y Friedrich Hayek, su objetivo fundamental permanece intacto: sustituir la libertad individual por el control colectivo.Esta transformación no es solo cosmética, sino estratégica. El socialismo contemporáneo ha desplazado su campo de batalla de la economía hacia la cultura, redefiniendo conceptos morales fundamentales y torciendo el lenguaje para emborronar los límites entre lo justo y lo injusto. Al exigir "justicia social", lo que realmente se está pidiendo es que el Estado corrija las decisiones libres de los individuos, limitando así su libertad.El nuevo socialismo opera negando la validez universal de la lógica y fragmentando la sociedad en grupos identitarios. Lo que antes se dividía en clases sociales, ahora se segmenta por raza, género u orientación sexual, trasladando la lucha de clases hacia nuevas categorías. Bajo esta perspectiva, no importa la argumentación o la verdad, sino la fidelidad al dogma colectivista.Como señaló Murray Rothbard, los socialistas han ganado terreno porque piensan estratégicamente y a largo plazo. Mientras las fuerzas del libre mercado se enfocan en la producción económica, la izquierda ha infiltrado sistemáticamente la cultura, la educación y el lenguaje, redefiniendo los valores morales de la sociedad.La única forma efectiva de combatir este fenómeno no es cediendo terreno o negociando con sus premisas, sino desenmascarando su verdadera raíz moral: el autoritarismo. El socialismo, más allá de ser un modelo económico fallido, representa una sociedad basada en la sumisión, el miedo y la obediencia. Frente a esto, debemos defender una visión clara de una sociedad libre, donde nadie imponga cómo pensar, qué decir o qué elegir.La batalla cultural actual no se trata solo de criticar el colectivismo en todas sus formas, sino de promover activamente un modelo superior: una sociedad fundamentada en la libertad individual, la propiedad privada y la responsabilidad personal.****

Quinn Slobodian is a Canadian historian. His new book, Hayek's Bastards: The Neoliberal Roots of the Populist Right is a deep dive into the set of far-right ideologues currently dominating US politics. Slobodian tracks how neoliberal thought has changed since Friedrich Hayek's vision of unfettered capitalism went mainstream 50 years ago. In this conversation with […]

In this episode, we examine Friedrich Hayek's The Road to Serfdom, a chilling warning about how societies drift into tyranny—not through force, but through the seductive promise of central planning. Written in the shadow of fascism and communism, Hayek's argument is more relevant than ever: when the state takes control of the economy, it inevitably takes control of our lives. What begins as progress can end in oppression. This is the road to serfdom.

As the Trump administration and Amazon/Bezos almost duked it out over the “shocking” idea of disclosing the impact to prices from taxes on imports, those of us seeking to understand economic application out of cogent economic theory were given a great chance to relearn some lessons from master himself, Friedrich Hayek. It turns out price discovery is important in economics for the same reason transparency is important in political theory -- and this ought to be a very non-partisan belief!

Jennifer Burns is a historian of ideas, focusing on the evolution of economic, political, and social ideas in the United States in the 20th century. She wrote two biographies, one on Milton Friedman, and the other on Ayn Rand. Thank you for listening ❤ Check out our sponsors: https://lexfridman.com/sponsors/ep457-sc See below for timestamps, and to give feedback, submit questions, contact Lex, etc. CONTACT LEX: Feedback - give feedback to Lex: https://lexfridman.com/survey AMA - submit questions, videos or call-in: https://lexfridman.com/ama Hiring - join our team: https://lexfridman.com/hiring Other - other ways to get in touch: https://lexfridman.com/contact EPISODE LINKS: Jennifer's X: https://x.com/profburns Jennifer's Website: https://www.jenniferburns.org Jennifer's Books: Milton Friedman biography: https://amzn.to/4hfy1HO Ayn Rand biography: https://amzn.to/4afr3A0 SPONSORS: To support this podcast, check out our sponsors & get discounts: Brain.fm: Music for focus. Go to https://brain.fm/lex GitHub: Developer platform and AI code editor. Go to https://gh.io/copilot LMNT: Zero-sugar electrolyte drink mix. Go to https://drinkLMNT.com/lex Shopify: Sell stuff online. Go to https://shopify.com/lex AG1: All-in-one daily nutrition drinks. Go to https://drinkag1.com/lex OUTLINE: (00:00) - Introduction (10:05) - Milton Friedman (24:58) - The Great Depression (39:15) - Schools of economic thought (50:22) - Keynesian economics (58:10) - Laissez-faire (1:06:00) - Friedrich Hayek (1:11:18) - Money and monetarism (1:26:03) - Stagflation (1:30:56) - Moral case for capitalism (1:34:53) - Freedom (1:39:51) - Ethics of competition (1:43:37) - Win-win solutions (1:45:26) - Corruption (1:47:51) - Government intervention (1:54:10) - Conservatism (2:00:33) - Donald Trump (2:03:09) - Inflation (2:07:38) - DOGE (2:12:58) - Javier Milei (2:18:03) - Richard Nixon (2:25:17) - Ronald Reagan (2:28:24) - Cryptocurrency (2:43:40) - Ayn Rand (2:51:18) - The Fountainhead (3:02:58) - Sex and power dynamics (3:19:04) - Evolution of ideas in history (3:26:32) - Postmodernism (3:37:33) - Advice to students (3:45:50) - Lex reflects on Volodymyr Zelenskyy interview PODCAST LINKS: - Podcast Website: https://lexfridman.com/podcast - Apple Podcasts: https://apple.co/2lwqZIr - Spotify: https://spoti.fi/2nEwCF8 - RSS: https://lexfridman.com/feed/podcast/ - Podcast Playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4 - Clips Channel: https://www.youtube.com/lexclips