Under-appreciated fact: today’s Nobel is, in large part, given for formally introducing class struggle into mainstream theory and empirics of economic growth and political development.
Their models of democratization and much of their historical analysis is effectively an argument that in some places, historical circumstances drove bargaining power into the hands of merchants and other non elites, and this sometimes created virtuous cycles of democratization and development.
Under-appreciated fact: today’s Nobel is, in large part, given for formally introducing class struggle into mainstream theory and empirics of economic growth and political development. Their models of democratization and much of their historical analysis is effectively an argument that in some places, historical circumstances drove bargaining power into the hands of merchants and other non elites, and this sometimes created virtuous cycles of democratization and development.
What will the economy of the future look like? To answer that we must first consider the current trajectory and the ways in which modern capitalism operates, who it benefits, and if it is sustainable.In this video, historians, economists, and authors discuss income and wealth inequality, how the American economy grew into the machine that it is tod... See more
Big Think • Is a capitalist-socialist economy inevitable? | Big Think
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Jeffrey D. Sachs • The Ages of Globalization: Geography, Technology, and Institutions
In the early 1970s those seeking individual freedoms and social justice could make common cause in the face of what many saw as a common enemy. Powerful corporations in alliance with an interventionist state were seen to be running the world in individually oppressive and socially unjust ways. The Vietnam War was the most obvious catalyst for disco
... See moreDavid Harvey • A Brief History of Neoliberalism
The fearful and fearsome reaction against growing inequality, social dislocation and loss of common identity in the midst of today’s vast wealth creation, unprecedented mobility and ubiquitous connectivity is a mutiny, really, against globalization so audacious and technological change so rapid that it can barely be absorbed by our incremental natu... See more