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(Originally aired on May 15, 2019)In this archive edition of Midday, Tom's guest for the hour is William Davies, a political economist and author who argues in his new book, Nervous States: Democracy and the Decline of Reason, that a decline of trust in scientific expertise has led individuals and governments to rely less on facts and increasingly on feelings -- especially feelings of fear and anxiety. The result, the author says, is that we've entered an age of “nervous states,” both in our individual bodies and our body politic. Davies is a Reader in Political Economy at Goldsmiths, University of London, where he also co-directs the Political Economy Research Centre, which explores significant cultural and political perspectives on economic life. He is the author of many books, and is a contributor to many publications, including The Atlantic and The New York Times.
Since the 1970s, credit has become increasingly easy to acquire. We have become a consumption-based society driven by our wants, supported by credit, rather than a sustainable society driven by our needs. In this compelling interview, renowned economist and author Ann Pettifor discusses the impact of deregulation of credit on consumption, and the environment, and shows how the globalization of our financial system undermines our ability to solve the climate crisis. She also discusses the impact of credit, and more particularly, interest rate levels, on the environmental problems in the global south. Ann argues that the monetary system is a vital public good which needs to serve society, rather than a small financial elite. She suggests that the way in which central banks responded to the financial crash, creating trillions of dollars credit overnight to bail out banks, has drawn public attention to the power central bankers have—and the very secretive way the financial system operates. Ann also shares her vision for a future with high levels of public investment, low real rates of interest, and government support for a green economy. Ann Pettifor is a UK-based analyst of the global financial system, director of Policy Research in Macroeconomics (PRIME), a network of economists concerned with Keynesian monetary theory and policies; an honorary research fellow at the Political Economy Research Centre at City University, London (CITYPERC) and a fellow of the New Economics Foundation, London. She is an influential political economist with a record of achieving real changes in public policy, especially in relation to sovereign debt. She correctly predicting the global financial crises in several publications including in a book The Real World Economic Outlook, and summarised later in the New Statesman. This was followed by her September, 2006 book The Coming First World Debt Crisis. Ann is currently working on the relationship between economic policy and the climate, and her next book will detail how it's possible to finance a Green New Deal. The post Episode 67: Interview with Ann Pettifor, director of Policy Research in Macroeconomics (PRIME) appeared first on The Sustainability Agenda.
What does it mean to feel that your political position is righteous? At a time of rising tempers among electorates, should we all “calm down - or harness our rage? Kehinde Andrews is Professor of Black Studies at Birmingham City University. His books include Back to Black: Retelling Black Radicalism for the 21st Century and Resisting Racism: Race, Inequality and the Black Supplementary School Movement. He writes for The Guardian, Independent and Ebony Magazine. Dr Fern Riddell is a historian and New Generation Thinker whose latest book Death In Ten Minutes, is about the Suffragette bomber and birth control activist, Kitty Marion. She writes for The Guardian, Huffington Post, Times Higher Education, The Telegraph and BBC History Magazine and was a consultant for BBC’s Ripper Street, Decline and Fall and ITV2’s TimeWasters. Will Davies is a political economist at Goldsmiths, University of London and co-director of the Political Economy Research Centre. His books include Nervous States: How feeling Took Over the World and The Happiness Industry: How the government & big business sold us well-being. He has written for The Guardian, The New Statesman and The Atlantic. Jo Anne Nadler is a political journalist and former producer/reporter on BBC Political Programmes. She has been a Conservative councillor in the London borough of Wandsworth and her books include William Hague - In His Own Right and Too Nice to be a Tory. Producer: Luke Mulhall
Big data. It’s one of those terms that’s far more widely used than it is understood. What is it? And just as importantly – who benefits from it? To get the full picture on big data, we are joined this week by a special guest – Will Davies, Director of the Political Economy Research Centre and a Senior Lecturer at Goldsmiths, University of London. Our regular host Ayeisha Thomas-Smith returns next week – so Will Brett, NEF’s Director of News and Media, steps into the role of host. They talk about the impact of big data on how we understand society, and on how we experience the world of work. Also joining the discussion are NEF’s Stefan Baskerville, Director of Unions and Business and Alice Martin, Subject Lead for Housing and Work. Enjoying the show? Tweet us your comments and questions @NEF! Produced by James Shield. Programme editor for the New Economics Foundation is Huw Jordan. The award-winning Weekly Economics Podcast is brought to you by the New Economics Foundation – the UK's only people powered think tank. Find out more at www.neweconomics.org.
What is money, where does it come from, and who controls it? These are the questions answered in the new book from my guest on the podcast today, leading political economist Ann Pettifor. Ann is a UK-based economist, director of Policy Research in Macroeconomics (PRIME), an honorary research fellow at the Political Economy Research Centre at City University, London and a fellow of the New Economics Foundation. She is also executive director of the consultancy Advocacy International, which advises governments and organisations on international finance and sustainable development. Ann is best known for correctly predicting the Global Financial Crises in several publications including “Coming soon: The new poor”and her 2006 publication “The coming first world debt crisis”. Pettifor’s background is in sovereign debt. She was one of the leaders in the Jubilee 2000 debt campaign, which succeeded in writing off $100 billion of debts (in nominal terms) owed by 35 of the poorest countries. Her new book is The Production of Money: How to Break the Power of Bankers. In this book, Ann argues that democracies can reclaim control over money production and subordinate the out-of-control finance sector to the interests of society, and also the ecosystem. In this episode of Informed Choice Radio, I speak to Ann about what money really is, the fundamental issues with the money system, what happens if nothing changes, whether we can still trust economists, if women are better positioned than men to control the money system, and the rise in the popularity of gold bugs. Welcome to The Production of Money with Ann Pettifor, in episode 177 of Informed Choice Radio. Click here to get the full episode transcript Some questions I ask: -What is money really? -Are there any fundamental issues with the current money system? -What happens if nothing changes? -How can we use the money system to meet the real needs of society? -Can we still trust economists? -Are women better positioned than men to reclaim control over the production of money? -What’s behind the rise in gold’s popularity and the presence of goldbugs? Useful links mentioned in this episode: –Prime Economics –The Production of Money by Ann Pettifor –Ann on Twitter Thank you for listening! To get new episodes of Informed Choice Radio sent directly to your device as soon as they are published, you can subscribe on iTunes or Stitcher Your reviews on iTunes are incredibly helpful and really appreciated. We get notified about each one; please leave a note of your name and website URL so we can mention you in a future episode. Click here to get the full episode transcript
Will Davies, Ph.D., is a sociologist and political economist and a Senior Lecturer at Goldsmiths, University of London and also Co-Director of the Political Economy Research Centre. Dr. Davies is author of two books, The Limits of Neoliberalism: Authority, Sovereignty and the Logic of Competition (Sage, 2014) and The Happiness Industry: How the Government and Big Business Sold Us Wellbeing (Verso, 2015). His blog posts have previously featured in The New York Times, BBC Online, The Daily Beast and elsewhere. In this interview, we explore wide-ranging questions as to why corporations have suddenly become interested in measuring and quantifying the well-being and happiness of their employees. Will Davies explains the phenomena of psychological collapse, and how neoliberalism has given rise to the psychosomatic worker. Likewise, we probe the links between the neoliberal ideology driving the quest for employee well-being and social harmony, manifesting recently in corporate mindfulness programs. From Frederick Taylor to Elton Mayo to Hans Seyle, Will Davies articulates the common philosophical thread of utilitarianism underlying these various schemes, which all have relied on messianic messages and charismatic authority characteristic of management gurus. We explore the explosion of surveillance technologies, wearable monitoring gadgets, and data analytics--which are increasingly employed in the service of "well-being optimization." Finally, we discuss the purpose and value social critique in a world fraught with economic inequalities, social suffering and concentration of global elite power.
In this episode I connect with sociologist William Davies from the UK, author of the book The Happiness industry – How Government and Big Business sold us Wellbeing. He is a Senior Lecturer at Goldsmiths, University of London, and also the Co-Director of the Political Economy Research Centre. […] The post Episode 125: Psychology is often how societies avoid looking in the mirror appeared first on Levevei™.
Are you happy? In his new book The Happiness Industry: How the Government and Big Business Sold Us Well-Being (Verso, 2015), William Davies, a senior lecturer at Goldsmiths' College, University of London, critically investigates this question. The book offers skepticism towardsthe demand that economy and society be happy, skepticism founded in an interrogation of the practices of contemporary government and businesses. A whole range of our everyday experiences, including ‘nudges' for citizens and staff, the perverse incentives of metrics, through tothe consequences of how psychiatry classifies depression, are subject to critical scrutiny.Moreover, the book acts as a primer on economics, psychology and organizational theory, clearly articulating the roots and the consequences of our current economic and social settlement. The book concludes with the possibility of a more democratic way of organizing the world, in contrast to our impersonal, oppressive, and data driven present. Dr Davies is a co-director of Goldsmiths' Political Economy Research Centre and blogs at Potlatch. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/medicine
Are you happy? In his new book The Happiness Industry: How the Government and Big Business Sold Us Well-Being (Verso, 2015), William Davies, a senior lecturer at Goldsmiths' College, University of London, critically investigates this question. The book offers skepticism towardsthe demand that economy and society be happy, skepticism founded in an interrogation of the practices of contemporary government and businesses. A whole range of our everyday experiences, including ‘nudges' for citizens and staff, the perverse incentives of metrics, through tothe consequences of how psychiatry classifies depression, are subject to critical scrutiny.Moreover, the book acts as a primer on economics, psychology and organizational theory, clearly articulating the roots and the consequences of our current economic and social settlement. The book concludes with the possibility of a more democratic way of organizing the world, in contrast to our impersonal, oppressive, and data driven present. Dr Davies is a co-director of Goldsmiths' Political Economy Research Centre and blogs at Potlatch. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/psychology