The Governance Podcast

Centre for the Study of Governance and Society
The Governance Podcast

Conversations on governance with leading social scientists around the world. Run by the Centre for the Study of Governance and Society at King’s College London.

  1. 8 MAR

    Podcast: Liberal vs Paternalist Approaches to Economic Development Policy with Prof William Easterly

    About the Talk In this episode of the Governance podcast, our Director Mark Pennington speaks to Prof. William Easterly from New York University on liberal vs paternalist approaches to economic development policy. The Guest William Easterly is Professor of Economics at New York University and Co-director of the NYU Development Research Institute, which won the 2009 BBVA Frontiers of Knowledge in Development Cooperation Award. He is the author of three books: The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (March 2014), The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good (2006), which won the FA Hayek Award from the Manhattan Institute, and The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics (2001). He has published more than 60 peer-reviewed academic articles, and has written columns and reviews for the New York Times, Wall Street Journal, Financial Times, New York Review of Books, and Washington Post. He has served as Co-Editor of the Journal of Development Economics and as Director of the blog Aid Watch. He is a Research Associate of NBER, and senior fellow at BREAD. Foreign Policy Magazine named him among the Top 100 Global Public Intellectuals in 2008 and 2009, and Thomson Reuters listed him as one of Highly Cited Researchers of 2014. He is also the 11th most famous native of Bowling Green, Ohio.

    53 min
  2. 17 ENE

    From Panmure House to State Capitalism: Adam Dixon on the relevance of Adam Smith

    About the Talk In this episode of the podcast, Prof. Mark Pennington interviews Prof. Adam Dixon on the contemporary relevance of the Scottish philosopher and political economist Adam Smith. The Guest Adam D. Dixon holds the Adam Smith Chair in Sustainable Capitalism at Adam Smith’s Panmure House, the last and final home of moral philosopher and father of economics Adam Smith. Professor Dixon is recognized as a world-leading scholar on the political economy of sovereign wealth funds, theories of state capitalism, and the intersection of markets and the state in the sustainability transition. His books include The Specter of State Capitalism (Oxford University Press, forthcoming 2024), Sovereign Wealth Funds: Between the State and Markets (Agenda, 2022), The Political Economy of Geoeconomics: Europe in a Changing World (Palgrave 2022), The New Frontier Investors: How Pension Funds, Sovereign Funds, and Endowments are Changing the Business of Investment Management and Long-Term Investing (Palgrave Macmillan 2016), The New Geography of Capitalism: Firms, Finance, and Society (Oxford University Press 2014) Sovereign Wealth Funds: Legitimacy, Governance, and Global Power (Princeton University Press, 2013), and Managing Financial Risks: From Global to Local (Oxford University Press, 2009). Trained as an economic geographer and political economist in the United States, Spain, France, and the United Kingdom, Adam brings an interdisciplinary perspective to this work. Previously, Adam worked at the University of Bristol and Maastricht University in the Netherlands, where he led a large European Research Council project on sovereign wealth funds. He holds a D.Phil. in economic geography from the University of Oxford, a Diplôme (Master) de l’Institut d’Etudes Politiques de Paris, and a BA in international affairs and Spanish literature from The George Washington University in Washington, DC.

    1 h
  3. 14/12/2023

    The Life and Times of F.A. Hayek: A Conversation with Bruce Caldwell

    About the Talk In this episode of the podcast, Prof. Mark Pennington interviews Prof. Bruce Caldwell, one of the co-authors of this recently published book Hayek: A Life. Few twentieth-century figures have been lionized and vilified in such equal measure as Friedrich Hayek—economist, social theorist, leader of the Austrian school of economics, and champion of classical liberalism. Hayek’s erudite arguments in support of individualism and the market economy have attracted a devout following, including many at the levers of power in business and government. Critics, meanwhile, cast Hayek as the intellectual forefather of “neoliberalism” and of all the evils they associate with that pernicious doctrine. In Hayek: A Life, historians of economics Bruce Caldwell and Hansjörg Klausinger draw on never-before-seen archival and family material to produce an authoritative account of the influential economist’s first five decades. This includes portrayals of his early career in Vienna; his relationships in London and Cambridge; his family disputes; and definitive accounts of the creation of The Road to Serfdom and of the founding meeting of the Mont Pèlerin Society. The Guest Bruce Caldwell is research professor of economics and the director of the Center for the History of Political Economy at Duke University. Professor Caldwell's research focuses on the history of economic thought, with a specific interest in the life and works of the Nobel Laureate economist and social theorist F. A. Hayek. He is the author of Hayek's Challenge: An Intellectual Biography of F. A. Hayek (2004) and since 2002 has served as the general editor of the book series The Collected Works of F.A. Hayek. In 2022 he published Mont Pelerin 1947: Transcripts of the Founding Meeting of the Mont Pelerin Society as well as Hayek: A Life, 1899-1950, the first of a two-volume biography that he is writing with Hansjoerg Klausinger. In 2019-2020 he was a Distinguished Visiting Fellow at the Hoover Institution at Stanford University. He has also held research fellowships at NYU, the LSE, and Cambridge University. At Duke he is the Director of the Center for the History of Political Economy, a center whose purpose is to promote research in, and the teaching of, the history of economic thought.

    49 min
  4. 24/10/2023

    Podcast: Liberty and Complexity in Liberalism and Conservatism with Dr. Greg Collins

    About the Talk Can a moral or divine law independent of contingency accommodate the social and economic complexities of circumstance? Does a defense of custom necessarily repudiate the idea of immutable law applicable to all peoples and cultures? Is transcendent universality and spontaneous order reconcilable? This episode explores this age-old tension with reference to the intellectual origins of liberalism and conservatism. These ideologies are often said to derive from the French Revolution, but their roots trace back even further to the tension between reason and custom in the early modern period. Thinkers and jurists such as Richard Hooker, Edward Coke, and Matthew Hale defended custom for embodying the distilled wisdom of the generations, while the social contractarian tradition placed heavy stress on universal rationality and legislative sovereignty to instantiate the principles of individual autonomy and equality in civil society based on abstract reason. During the pamphlet wars in England over the Revolution, Edmund Burke, considered to be the godfather of conservatism, expanded on such early endorsements of custom to defend the cultural inheritance of European civilization. On the other hand, Richard Price and Thomas Paine, among various adversaries of Burke, intensified the early contractarians’ emphasis on abstract reason to support the Revolution and attack Burke’s defense of custom and just prejudice. This episode thus examines whether proto-conservatives, spanning from Hooker to Burke, and proto-liberals, spanning from Hobbes to Paine, persuasively harmonized their embrace of a universal moral law with their recognition of the complexity of social life. This inquiry will illustrate how the intellectual origins of conservatism and liberalism were premised on varying presuppositions about the sinful nature of man and the epistemological constraints of individual knowledge. The Guest Gregory M. Collins is a Lecturer in the Department of Political Science and Program on Ethics, Politics, and Economics at Yale University. His book on Edmund Burke’s economic thought, titled Commerce and Manners in Edmund Burke’s Political Economy, was published by Cambridge University Press in 2020. Greg’s scholarly and teaching interests include the history of political thought, the philosophical and ethical implications of political economy, American political development, constitutional theory and practice, and the political theory of abolition. He has published articles on Burke’s economic thought in Review of Politics; Adam Smith’s imperial political and economic thought in History of Political Thought; Burke’s and Smith’s views on Britain’s East India Company and monopoly in Journal of the History of Economic Thought; Frederick Douglass’ constitutional theory in American Political Thought; Burke’s plan for the abolition of the slave trade in Slavery & Abolition; and Burke’s intellectual relationship with Leo Strauss and the Straussian political tradition in Perspectives on Political Science. Greg won the 2020 Novak Award, awarded annually by the Acton Institute to one young scholar who conducts research on the intersection of liberty and virtue. His current book project is a study of the idea of civil society in African-American political, social, and economic thought.

    49 min
  5. 16/06/2023

    Podcast: When Law sends the Wrong Message: Understanding What Laws Communicate About ‘Socially Acceptable Behavior’ with Shubhangi Roy

    About the Talk Lawmakers, activists, and academics, often, presume that enacting a law sends a (powerful) message about what is socially desirable and acceptable. At worst, it is presumed that it will stay as ink on paper and not create any change. Therefore, it is considered as a cost-less endeavor with potential for creating great change at low costs. This has led for increase in demand for legislation, even ones that may be hard to enforce and even in countries which have limited state capacity, for their ‘symbolic value’. In this workshop, we will consider this claim by understanding the social and institutional conditions under which laws can have such a symbolic power to send the right message and, more importantly, when it can send the wrong one. No individuals interact with any law in isolation. Individuals’ decision to comply with a law, their understanding of what it means and how others will respond to it are all shaped by past experiences (theirs and of those within their reference network) with the law. In fact, the strength of the claim that laws send a message, itself, relies on the fact that there is a social expectation that laws (in general) do, in fact, provide information about what is socially acceptable behavior. What happens when this social expectation is not in place? Utilizing examples of legislations prohibiting behaviors deeply rooted in social and cultural norms as well as in institutional contexts with generally low compliance and trust in state, this workshop discusses the limits and costs of legal expression. Using a dialogic approach, this workshop will explore what law can successfully communicate in different contexts.   About the Speaker Shubhangi Roy is a legal academic at Universität Münster.

    54 min

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Conversations on governance with leading social scientists around the world. Run by the Centre for the Study of Governance and Society at King’s College London.

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