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Eric Helleiner joins us to discuss his fascinating new global history of neo-mercantilist ideas. In addition to the well-known "Listian Intellectual World" there is a whole universe of thinkers who were not derivative of List but did dream of industrialization by way of a protectionist and interventionist state. American Henry Carey, for example, was distinct on a number of dimensions - and more influential around the world. But there were also traditions endogenous to East Asia, which developed and expanded on earlier mercantilist discourses that can be traced back to China's Warring States period or Japan's feudal era. Rather than diffusing through the translation and circulation of a single text - as in the case of Smith or Marx - neo-mercantilist ideas seemed to spontaneously appear anytime the conditions were ripe for it. State forms other than the nation - from diaspora to empire to international institutions to a cosmopolitan world state - were dreamt of in the period before 1939 as possible vehicles for neo-mercantilist policy. Versions left, right, and center show how politically underdetermined it was as a discourse.
Note: this episode was recorded prior to the invasion of Ukraine.
*** LINKS ***
Eric Helleiner's faculty page: https://uwaterloo.ca/political-science/people-profiles/eric-helleiner
*The Neomercantilists: A Global Intellectual History* https://www.cornellpress.cornell.edu/book/9781501760129/the-neomercantilists
*Forgotten Foundations of Bretton Woods: International Development and the Making of the Postwar Order* https://www.google.com/books/edition/Forgotten_Foundations_of_Bretton_Woods/VTMPjwEACAAJ
A refresher on the original mercantilism https://en.wikipedia.org/wiki/Mercantilism
Steve Pincus, Forum: Rethinking Mercantilism https://www.jstor.org/stable/10.5309/willmaryquar.69.1.0003
Fredric List https://en.wikipedia.org/wiki/Friedrich_List
Henry Carey https://en.wikipedia.org/wiki/Henry_Charles_Carey
Alexander Hamilton's "Report on Manufactures" excerpts https://press-pubs.uchicago.edu/founders/documents/v1ch4s31.html
Commodore Perry https://en.wikipedia.org/wiki/Matthew_C._Perry
Sun Yat-sen https://en.wikipedia.org/wiki/Sun_Yat-sen
EF Schumacher https://en.wikipedia.org/wiki/E._F._Schumacher
Gustav von Schmoller https://en.wikipedia.org/wiki/Gustav_von_Schmoller
Mihail Manoilescu https://en.wikipedia.org/wiki/Mihail_Manoilescu
Marcus Garvey https://en.wikipedia.org/wiki/Marcus_Garvey
Raul Prebisch https://en.wikipedia.org/wiki/Ra%C3%BAl_Prebisch
This month's episode takes a deep dive into the history of work and automation in the post-World War II era. It traces the discourse around automation from its origins in the factory to its wide-ranging implications in political and social life. Countering automation's proponents, who prophesize that robots will soon replace human labor, Jason Resnikoff reveals how the automation discourse has tended to obscure the human beings who continue to labor, often in sped up and intensified manners, alongside machines.
Doug interviews Christopher Leonard, author of The Lords of Easy Money, on the damage done by over a decade of hyper-easy monetary policy from the Fed. Then Lea Ypi, a political philsopher and author of Free, discusses growing up in the last days of Communist Albania and the early days of its neoliberal successor.
Behind the News, hosted by Doug Henwood, covers the worlds of economics and politics and their complex interactions, from the local to the global. Find the archive here: https://www.leftbusinessobserver.com/Radio.html
In this episode, Prof. Jan Eeckhout of the University of Barcelona Pompeu Fabra, speaks about his most recent book: "The Profit Paradox - How Thriving Firms Threaten the Future of Work."
Welcome to episode 110 of Activist #MMT. Today's part two of my two-part conversation with Jackson Winter, on the 2001 edition of Karl Polanyi's 1944 book, The Great Transformation. This is also part two of a larger four-part series on the book. Jackson is co-writer and editor for PEGS Institute, which is a project to demystify and explain some commonly misunderstood realities of the modern world. Here's their YouTube channel.
(A link to all four parts in the series can be found near the top of this post: A summary of Polanyi's Great Transformation (with many sources to learn more). A list of the audio chapters in this episode can be found at the bottom of this post.)
Parts one and two with Jackson is two smart layperson MMTers trying to come to terms with the depth of what we just read, and connecting it to our lives and MMT. Parts three and four are with Asad Zaman, a PhD economist with many lectures, papers, and posts on the topic (links to which you can find in the show notes to part one with Professor Zaman, next week).
I'll summarize the book in next week's introduction. Even experienced MMTers can't know this stuff. You think you understand the foundation of our economy and society, but you don't. As described in The Great Transformation, there's another foundation underneath it.
(Before we start the interview, I'm making an announcement at the request of a patron, and that is: the podcast Pod Save America, which is hosted by former Obama staffers, has millions of followers, many of who like to think of themselves as progressives. Unfortunately, although the hosts say many smart things, they still live solidly in a pay-for, scarcity, zero-sum world. Please consider contacting the hosts via Twitter and urging them to interview an MMT guest such as Stephanie Kelton, Warren Mosler, Bill Mitchell, and Randy Wray. The Twitter handles for the podcast and its hosts can be found in the show notes, and in the social media shares for this episode. Thanks for your help in spreading the word!
Here at the Twitter handles for Pod Save America [@PodSaveAmerica] and its hosts: Dan Pfiffer: [@danpfeiffer], Jon Favreau: [@jonfavs], Tommy Vietor: [@tvietor08], Jon Lovett: [@jonlovett])
And now, let's get right back to my conversation with Jackson Winter. Enjoy.
Audio chaptersThe Rhodes Center Podcast explores the most important issues in finance and economics through straightforward, candid conversations with the world’s leading experts. The show is hosted by Mark Blyth, political economist and Director of the Rhodes Center, at the Watson Institute at Brown University.
On this episode Mark talks with Manuela Moschella about the recent transformations to central bank policy and orthodoxy. Central banking used to be straightforward - fix short term rates and get price stability. 2008 changed that. Engineering asset price instability and massive bailouts became the norm and, despite all that, deflation, not inflation became the problem. The Fed and the ECB were late in waking up to that fact, and just when they did, COVID hit and inflation came back. So Mark asks Manuela: what is a central banker to do?
Manuela is an Associate Professor of International Political Economy at the Scuola Normale Superiore and Associate Fellow at the Europe Programme at Chatham House.
Watch Manuela’s talk at the Rhodes Center.
Learn more about the Watson Institute’s other podcasts.
In this episode, we’ll be talking about buen vivir, or the idea of living well, as well as rethinking development, and indigenous cultural traditions that can lead us to new ways of moving beyond capitalism. Our guest is Kepa Artaraz, a former lecturer in Social Policy at the University of Brighton in the UK. We'll discuss universal basic income and Kepa's escape from academic life and plans to grow a food forest in the Basque country in Spain.
From the publisher's feed