12 episodes

Complexity in an age of economic crises, climate catastrophe, social injustice and post-democracy. Political economy with economist Zoltan Pogatsa. Social science reviews that are crucial in order to understand the world we suffer in. https://www.patreon.com/politicaleconomypodcast

Political Economy Podcast Zoltan Pogatsa

    • Science
    • 3.0 • 1 Rating

Complexity in an age of economic crises, climate catastrophe, social injustice and post-democracy. Political economy with economist Zoltan Pogatsa. Social science reviews that are crucial in order to understand the world we suffer in. https://www.patreon.com/politicaleconomypodcast

    11. "The Case for a Job Guarantee" - by Pavlina Tcherneva

    11. "The Case for a Job Guarantee" - by Pavlina Tcherneva

    A universal job guarantee, provided by the state. Funded by monetary financing, as described by Modern Monetary Theory. To be spent on guaranteeing employment for those that the private sector is not willing or able to employ, regardless of job experience, race, age, or gender. Jobs created in carework and the transition to a sustainable, green economy. The job guarantee scheme would be part of a Green New Deal, and could be alternative to or an extension of the Universal Basic Income. Also a great way to transition to an human-to-human economy after job losses due to automatisation. 

    • 16 min
    10. "Less is more" - by Jason Hickel

    10. "Less is more" - by Jason Hickel

    Less is More: How Degrowth will Save the World by Jason Hickel

    (William Heinemann Publishing, 2020)

    How we shall not reduce CO2 emissions without degrowth of our economic. How material use, emissions, and other forms of environmental detruction have not been decoupled from growth. Growth is the centrepiece of capitalism. Without growth, capitalism cannot exist. It has historically relied on "fixes" such as enclosures, colonialisation, the destruction of nature, neoliberalism and the exploitation of the global South. Developed Northern economies have a historical debt to Southern ones.

    Degrowth will not make our living standards worse. Actually, it will make it better. By forcing us to refocus from growth to distribution, we will realise that it has not been growth that has given us higher living standards. In fact it has been capitalism that has created artificial shortages, to force us to partake. Degrowth will free us make the lives of the many better. 

    • 30 min
    9. "Great Transformations" - by Mark Blyth

    9. "Great Transformations" - by Mark Blyth

    Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century by Mark Blyth 

    (Cambridge University Press, 2002)

    How economic ideas were used to restrict markets in the first half of the 20th century, in order to embed them in social institutions and state structures.  The New Deal era in the USA, and the construction of the Social Democratic welfare states in Sweden and elsewhere in Europe.  How markets were then in turn disembedded from social and state constraints in both places, based on economic ideas, as well as generous financing for pro market economists, think tanks and media. 

    • 35 min
    8. "Keynes: The Return of the Master" - by Robert Skidelsky

    8. "Keynes: The Return of the Master" - by Robert Skidelsky

    Keynes: The Return of the Master by Robert Skidelsky

    (Allen Lane, 2009)

    Keynesianism dominated economics and economic policy roughly between 1936 and 1973. The neoliberal crusade lead by Milton Friedman made use of the phenomenon of stagflation to demolish Keynesianism. It was swept to the margins of economic theory. It was taken over by ideas such as rational expectations, real business cycle theory, the efficient market hypothesis, and public choice theory. Two schools built on these foundations the neoclassicals and the neokeynesians (whom Joan Robinson called bastardised Keynesianism) provided theoretical backing for the bubble that produced the 2008 Global Financial Crisis.

    Only Keynes could save the day. He had to be brought back, and is with us until today. From Obama’s gigantic fiscal stimulus to the expansion of the FED’s balance sheet, through Quantitative Easing in both America and in Europe, to Abenomics in Japan, and massive countercyclical demand management by the Communist Party of China, everyone is doing demand management nowadays. The Master is Back!

    • 14 min
    7. "The China Model" - by Daniel A. Bell

    7. "The China Model" - by Daniel A. Bell

    The China Model: Political Meritocracy and the Limits of Democracy by Daniel A. Bell.

    (Princeton University Press, 2016)

    A Canadian born political scientist working in China and Singapore discusses why we should not take it for granted that Western democracy is superior. He argues that South East Asian Confusian meritocracy has far better output legitimacy and better leaders than our democratic states, and especially young democracies the world over.

    • 24 min
    6. "Leftism Reinvented" - by Stephanie L. Mudge

    6. "Leftism Reinvented" - by Stephanie L. Mudge

    Leftism Reinvented – Western Parties from Socialism to Neoliberalism by Stephanie L. Mudge

    (Harvard University Press, 2018)

    How left wing political parties have declined in the West in terms of membership and voters, as they progressed from Marxist Socialism through Keynesian Social Democracy all the way to neoliberalism. With special emphasis on Sweden, Germany, the UK and the US.

    • 18 min

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