A podcast about economic thought from the mid-20th Century, and why it matters for us today.
John Shovlin - *Trading with the Enemy: Britain, France, and the 18th-Century Quest for a Peaceful World Order*
This week we spoke with John Shovlin about his new book on capitalist international relations between France and Britain during the "second Hundred Years War." Its well-known that uneven commercial development provoked conflict in early modern Europe, as great powers that lagged behind fought violently to catch up. What's less well-known is that, as Shovlin shows, the same mercantilist rivalries could also provoke the opposite responses: free trade and peace projects. We ask him about the notorious John Law episode in France, hegemony and empire as master concepts for narrating international history, and the problem of protection costs for global capitalism.
Check out John's personal website here: https://www.johnshovlin.com/
Buy the book: https://yalebooks.yale.edu/book/9780300253566/trading-enemy
Less familiar with the early modern period? The following might be worth skimming:
Double Header - Luke Petach on *Spatial Keynesianism* and Daniele Tavani on Secular Stagnation
This week we've brought you a double feature! First we talk to Luke Petach about his article on "Spatial Keynesianism." Macroeconomic policy was, at its inception, methodologically nationalist, and Keynesian policies fostered income convergence all across the US as poor regions caught up to wealthier ones. We talk about how that worked and why it ended.
Then we bring on his co-author and former adviser, Daniele Tavani to talk about the post-Keynesian tradition, its differences with the Marxian economic tradition, and how they might be brought together again under the rubric of secular stagnation. Along the way we discuss Italy's unique place in the post-Keynesian tradition, and Piketty's contribution to the profession.
The first ep ends and the second picks up @55:25.
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Follow Luke on twitter @LPetach
Read "Spatial Keynesian policy and the decline of regional income convergence in the USA" here: https://academic.oup.com/cje/article-abstract/45/3/487/6145995
Read "Income shares, secular stagnation and the long-run distribution of wealth" here: https://onlinelibrary.wiley.com/doi/abs/10.1111/meca.12277
Read "Aggregate Demand Externalities, Income Distribution, and Wealth Inequality" here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3855763
Find more of Luke's papers here: https://scholar.google.com/citations?user=NUZzlFEAAAAJ&hl=en
Explore Daniele's work here: http://www.danieletavani.com/
Other papers mentioned:
Ganesh Sitaraman, Morgan Ricks & Christopher Serkin, "Regulation and the Geography of Inequality" https://dlj.law.duke.edu/article/regulation-and-the-geography-of-inequality-sitaraman-vol70-iss8/
Manduca, "How National Income Inequality in the United States Contributes to Economic Disparities Between Regions" https://equitablegrowth.org/how-national-income-inequality-in-the-united-states-contributes-to-economic-disparities-between-regions/
Nathan, "The Nationalization of Proposition 13," https://www.jstor.org/stable/418699
Kaldor, "The Case for Regional Policies," https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1467-9485.1970.tb00712.x
Verdoorn's law, https://en.wikipedia.org/wiki/Verdoorn%27s_law
Nakamura and Steinsson, "Fiscal Stimulus in a Monetary Union: Evidence from US Regions" https://www.aeaweb.org/articles?id=10.1257%2Faer.104.3.753
Zachary D Carter on *The Price of Peace*
This week we spoke with Zach Carter about his award-winning book *The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes.* Its our most comprehensive episode yet on the Keynesian Revolution, then and now. We ask Zach about the role of Enlightenment liberalism, art, love, journalism and war in the life and times of JMK, and the narrowing of Keynesianism's horizons in the later half of the twentieth century.
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Follow Zach on twitter @zachdcarter
Find more on the book and his writing at: https://www.zacharydcarter.com/
David Stein on *Fearing Inflation, Inflating Fears*
This week we talked to David Stein about his dissertation, "Fearing Inflation, Inflating Fears" and the centrality of full employment to the black freedom struggle. From the 1930s through the 1970s, the fight for a job went hand in hand with the fight for freedom and equality. The proposal for a Job Guarantee, it turns out, has multiple origins - one was in the fight against Jim Crow monetary policy. Cold War complications ultimately undid the movement for a time, but its coming back today.
*** LINKS ***
Follow David on Twitter @DavidpStein
Read David's work at the Boston Review, "Why Coretta Scott King Fought For a Job Guarantee" here: http://bostonreview.net/class-inequality-race/david-stein-why-coretta-scott-king-fought-job-guarantee
And find the rest of his academic publications here: https://ucla.academia.edu/DavidStein
- Who Makes Cents podcast (now run by Jessica Ann Levy), https://whomakescentspodcast.com/
- Landon Storrs, *The Second Red Scare and the Unmaking of the New Deal Left* https://press.princeton.edu/books/hardcover/9780691153964/the-second-red-scare-and-the-unmaking-of-the-new-deal-left
- Destin Jenkins on white fraternity, https://www.youtube.com/watch?v=9iAGfuPJqM8
- Cedric Robinson, http://bostonreview.net/race-philosophy-religion/robin-d-g-kelley-why-black-marxism-why-now
- Kristoffer Smemo and Samir Sonti, and Gabriel Winant on the 1958 recession, https://www.journals.uchicago.edu/doi/full/10.1086/690968
Robert Manduca on the Multiple Dimensions of Inequality
For this episode, we stood back to take stock of some Robert's own research on inequality in its all its complexity. Its a multi-dimensional issue, with generational, spatial, racial, national, and macroeconomic processes all intersecting to generate the world we see today.
Check out more of his stuff here: http://robertmanduca.com/publications/
And follow him on twitter: https://twitter.com/robertmanduca
Nick Foster on "Green Corn Gleaming" or: why Reagan did industrial policy in agriculture
Nick Foster is a graduate student in history at the University of Chicago, writing a dissertation on the Reagan Revolution and the cultural history of finance capitalism. We discuss why Reagan embraced the biggest farm bill in US history, and speculate about the historiography of capitalist agriculture.
When Nick's paper is published we'll edit the show notes to provide a link and tweet about it so you can read it too. In the meantime, all enthusiastic fan mail can be directed to: https://history.uchicago.edu/directory/nicholas-foster
Awesome idea, change the title
Seems really promising, despite the title! The interview with M Prasad is excellent!
A podcast that manages to be interesting and engaging for both experts and novices in history and economics!