"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong
108 episodes - English - Latest episode: 18 days ago - ★★★★★ - 49 ratingsKey insights—economics, finance, political economy, and wrestling with how to teach the world good economics through every means possible, & some means impossible...
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Episodes
PODCAST: “Hexapodia” Is þe Key Insight XXVIII: Build Back Better!
October 07, 2021 02:46 - 53 minutesKey Insights: * Yes, Americans are now in a selfish defensive crouch, but just wait 8 years—if we get a high-pressure economy for those years… * We are finally getting back to normal politics, in which we slag each other because some claim we can afford to spend $3.5 and others that we can only afford to spend $1.5 trillion. And that is a very good sign… * Hexapodia! References: * Zach Carter: Why Are Moderates Trying to Blow Up Biden’s Centrist Economic Plan? <https://www.nytimes.com/2...
PODCAST: “Hexapodia” Is þe Key Insight XXVIII: Build Back Better!
October 07, 2021 02:46 - 53 minutesKey Insights: Yes, Americans are now in a selfish defensive crouch, but just wait 8 years—if we get a high-pressure economy for those years… We are finally getting back to normal politics, in which we slag each other because some claim we can afford to spend $3.5 and others that we can only afford to spend $1.5 trillion. And that is a very good sign… Hexapodia! References: Zach Carter: Why Are Moderates Trying to Blow Up Biden’s Centrist Economic Plan? <https://www.nytimes.com/2021/09/22...
PODCAST: “Hexapodia” Is þe Key Insight XXVII: Evergrande
September 22, 2021 17:56 - 39 minutesKey Insights: I do not understand how the Chinese economy works. The Chinese economy is an odd combination of market and party in which the party has enormous reach and control, but somehow that has not triggered the “soft budget constraint” problems of the Soviet model. Financial constraints are not real—a government that wants to can evade them in its management of the economy. Real resource constraints are, however real: finance does not bind because it is true that what we can do, we ...
PODCAST: “Hexapodia” Is þe Key Insight XXVII: Evergrande
September 22, 2021 17:56 - 39 minutesKey Insights: * I do not understand how the Chinese economy works. * The Chinese economy is an odd combination of market and party in which the party has enormous reach and control, but somehow that has not triggered the “soft budget constraint” problems of the Soviet model. * Financial constraints are not real—a government that wants to can evade them in its management of the economy. * Real resource constraints are, however real: finance does not bind because it is true that what we ca...
PODCAST: “Hexapodia” Is þe Key Insight XXVI: True, Neo-, and Illiberalism
September 18, 2021 19:03 - 54 minutesKey Insights: Today’s meaning of “neoliberalism” is the result of the collision of two different applications of the term—to Margaret Thatcher, and to the Washington Monthly… Intermediary institutions are very suspicious to liberalism, at least in its pure form… Liberalism has a bias toward atomizing solutions to social problems… YIMBY vs. NIMBY is the fundamental political debate in America today… Sometimes the answer will be command-and-control, sometimes the answer will be deregulatio...
PODCAST: “Hexapodia” Is þe Key Insight XXVI: True, Neo-, and Illiberalism
September 18, 2021 19:03 - 54 minutesKey Insights: * Today’s meaning of “neoliberalism” is the result of the collision of two different applications of the term—to Margaret Thatcher, and to the Washington Monthly… * Intermediary institutions are very suspicious to liberalism, at least in its pure form… * Liberalism has a bias toward atomizing solutions to social problems… * YIMBY vs. NIMBY is the fundamental political debate in America today… * Sometimes the answer will be command-and-control, sometimes the answer will be ...
PODCAST: “Hexapodia” Is þe Key Insight XXV: Afghanistan
August 25, 2021 23:16 - 38 minutesKey Insights: * The Taliban should go to the World Bank and say: “For 42 years now, mechanized, airborne, and infantry armies and air and drone forces have been driving, walking, and flying over our country, killing us. that has done enormous amounts of damage. We are absolutely dirt poor. We will try as hard as we can: please give us money so that we can start call centers, start simple labor-intensive textile factories, and also beef up our handmade rug businesses so that we can export to...
PODCAST: “Hexapodia” Is þe Key Insight XXV: Afghanistan
August 25, 2021 23:16 - 38 minutesKey Insights: The Taliban should go to the World Bank and say: “For 42 years now, mechanized, airborne, and infantry armies and air and drone forces have been driving, walking, and flying over our country, killing us. that has done enormous amounts of damage. We are absolutely dirt poor. We will try as hard as we can: please give us money so that we can start call centers, start simple labor-intensive textile factories, and also beef up our handmade rug businesses so that we can export to pa...
PODCAST: “Hexapodia” Is þe Key Insight XXIV: Which Great Powers Held the Baton of the Future, When?
August 06, 2021 22:05 - 47 minutes“I have seen the future, and it works”. That was what Lincoln Steffens wrote in a letter to Maria Howe in 1919 with respect to Vladimir Lenin’s Soviet Union. Which societies are thought to “work”, and how does that influence the power and authority such societies have, and the global leadership they can exercise? Key Insights: * We need to have another podcast on emerging great-power competition in a time of increasing global authoritarianism * Great powers remain great powers not just t...
PODCAST: “Hexapodia” Is þe Key Insight XXIV: Which Great Powers Held the Baton of the Future, When?
August 06, 2021 22:05 - 47 minutes“I have seen the future, and it works”. That was what Lincoln Steffens wrote in a letter to Maria Howe in 1919 with respect to Vladimir Lenin’s Soviet Union. Which societies are thought to “work”, and how does that influence the power and authority such societies have, and the global leadership they can exercise? Key Insights: We need to have another podcast on emerging great-power competition in a time of increasing global authoritarianism Great powers remain great powers not just throug...
PODCAST: “Hexapodia” Is þe Key Insight XXIII: Antitrust
July 25, 2021 14:32 - 40 minutesKey Insights: There are a great many reasons to fear that the rise of industrial and post-industrial economic concentration is doing serious harm to the market economy’s (limited) ability to function as an efficiency-promoting societal calculating mechanism. None of these have yet been nailed down. But the neo-Brandeisians will have their chance because of the striking misbehavior of the tech platforms, which have thought too much about how to glue their users’ eyeballs to the screen so th...
PODCAST: “Hexapodia” Is þe Key Insight XXIII: Antitrust
July 25, 2021 14:32 - 40 minutesKey Insights: * There are a great many reasons to fear that the rise of industrial and post-industrial economic concentration is doing serious harm to the market economy’s (limited) ability to function as an efficiency-promoting societal calculating mechanism. * None of these have yet been nailed down. * But the neo-Brandeisians will have their chance because of the striking misbehavior of the tech platforms, which have thought too much about how to glue their users’ eyeballs to the scree...
PODCAST: "Hexapodia" Is þe Key Insight XXII : Cuba!
July 14, 2021 15:18 - 39 minutesListen now | Noah Smith & Brad DeLong's 30:00 This is a public episode. Get access to private episodes at braddelong.substack.com/subscribe
PODCAST: "Hexapodia" Is þe Key Insight XXII: Cuba!
July 14, 2021 15:18 - 39 minutesKey Insights!: * Hexapodia! * Drop the embargo now! * There is nothing that enables an authoritarian régime—or, indeed, pretty much any type of régime—hang together other than an implacable external enemy. * For the Cuban military-bureaucratic junta-oligarchy, that implacable external enemy consists of the Cuban exiles in Miami and their descendants References: * Alexa van Sickle (2014): Viva la Revolución: Cuban Farmers Re-Gain Control Over Land: ‘As the state loosens its grip on food...
PODCAST: "Hexapodia" Is þe Key Insight XXII: Cuba!
July 14, 2021 15:18 - 39 minutesKey Insights!: Hexapodia! Drop the embargo now! There is nothing that enables an authoritarian régime—or, indeed, pretty much any type of régime—hang together other than an implacable external enemy. For the Cuban military-bureaucratic junta-oligarchy, that implacable external enemy consists of the Cuban exiles in Miami and their descendants References: Alexa van Sickle (2014): Viva la Revolución: Cuban Farmers Re-Gain Control Over Land: ‘As the state loosens its grip on food product… <...
PODCAST: "Hexapodia" Is þe Key Insight XXI: Last Exit Off þe Highway to Serfdom?
July 06, 2021 22:47 - 55 minutesKey Insights: * “This time, for sure!…” Are the Democrats Bullwinkle Moose or Rocket J. Squirrel “that trick never works!” in hoping that they can get a high-investment high-productivity growth full-employment high-wage growth economy, and then the political life for true equality of opportunity will be doable?… * Milton Friedman is of powerful historical importance as one of the principal creators of our still-neoliberal world, but his ideas now—whether monetarism, or his assumption that...
PODCAST: "Hexapodia" Is þe Key Insight XXI: Last Exit Off þe Highway to Serfdom?
July 06, 2021 22:47 - 55 minutesKey Insights: “This time, for sure!…” Are the Democrats Bullwinkle Moose or Rocket J. Squirrel “that trick never works!” in hoping that they can get a high-investment high-productivity growth full-employment high-wage growth economy, and then the political life for true equality of opportunity will be doable?… Milton Friedman is of powerful historical importance as one of the principal creators of our still-neoliberal world, but his ideas now—whether monetarism, or his assumption that all ...
PODCAST: "Hexapodia" Is the Key Insight XXI: Last Exit Off the Highway to Serfdom?
July 06, 2021 22:47 - 55 minutesListen now | Starring Zach Carter; with Noah Smith & Brad DeLong :: 30:00 This is a public episode. Get access to private episodes at braddelong.substack.com/subscribe
PODCAST: "Hexapodia" Is þe Key Insight XX: Five-Item Grab-Bag: Vaccination & Votes; NIMBYism & California Growth, Aversion to UI, Google’s Quality, & Wilhelmine Germany & Contemporary China
July 01, 2021 19:39 - 1 hourZach Carter, who was supposed to be our guest this week, has a cold. So we have a grab-bag: vaccination & votes, NIMBYism & California growth, aversion to continuing UI, Google’s quality as a search engine, & Wilhelmine Germany & Contemporary China Key Insights: * Red states will see a lot of COVID-hurt this summer fall and winter for… reasons we still find incomprehensible… * NIMBYism has not killed California growth because monkey-smarts are becoming, relatively, less important as a fac...
PODCAST: "Hexapodia" Is þe Key Insight XX: Five-Item Grab-Bag: Vaccination & Votes; NIMBYism & California Growth, Aversion to UI, Google’s Quality, & Wilhelmine Germany & Contemporary China
July 01, 2021 19:39 - 1 hourZach Carter, who was supposed to be our guest this week, has a cold. So we have a grab-bag: vaccination & votes, NIMBYism & California growth, aversion to continuing UI, Google’s quality as a search engine, & Wilhelmine Germany & Contemporary China Key Insights: Red states will see a lot of COVID-hurt this summer fall and winter for… reasons we still find incomprehensible… NIMBYism has not killed California growth because monkey-smarts are becoming, relatively, less important as a factor o...
PODCAST: "Hexapodia" Is þe Key Insight XIX: America Today: A Zero-Sum Society?
June 16, 2021 13:34 - 44 minutesKey Insights: * Hexapodia! * Periodically, America has had “the frontier has closed, now scarcity rules!” panics—& they have been bad, but so far they have all been false alarms. * The “new frontier” to alleviate scarcity in America is intensive growth, right here, but more: economic poldering. References: * John F. Kennedy (1960): “The New Frontier”: Liberal Party Nomination Acceptance Speech <https://www.jfklibrary.org/archives/other-resources/john-f-kennedy-speeches/liberal-party-nom...
PODCAST: "Hexapodia" Is þe Key Insight XIX: America Today: A Zero-Sum Society?
June 16, 2021 13:34 - 44 minutesKey Insights: Hexapodia! Periodically, America has had “the frontier has closed, now scarcity rules!” panics—& they have been bad, but so far they have all been false alarms. The “new frontier” to alleviate scarcity in America is intensive growth, right here, but more: economic poldering. References: John F. Kennedy (1960): “The New Frontier”: Liberal Party Nomination Acceptance Speech <https://www.jfklibrary.org/archives/other-resources/john-f-kennedy-speeches/liberal-party-nomination-n...
PODCAST: "Hexapodia" Is þe Key Insight XVIII: Þe Ecology of Innovation
June 09, 2021 00:18 - 45 minutesKey Insights: There is a four-day creative-destruction festschrift for Philippe Aghion & Peter Howitt starting June 9: The Economics of Creative Destruction <https://zoom.us/j/98595732585> When industrial policy in America has been successful, it has always had a profound political driving motive: maintaining independence, manifest destiny, Sputnik, and so on. The only such driver today—and it is urgent—is green energy to fight global warming… The U.S. used to be excellent not just on the ...
PODCAST: "Hexapodia" Is þe Key Insight XVIII: Þe Ecology of Innovation
June 09, 2021 00:18 - 45 minutesKey Insights: * There is a four-day creative-destruction festschrift for Philippe Aghion & Peter Howitt starting June 9: The Economics of Creative Destruction <https://zoom.us/j/98595732585> * When industrial policy in America has been successful, it has always had a profound political driving motive: maintaining independence, manifest destiny, Sputnik, and so on. The only such driver today—and it is urgent—is green energy to fight global warming… * The U.S. used to be excellent not just ...
PODCAST: "Hexapodia" Is þe Key Insight XVII: What Will the Jobs of the Future Be Like?
June 02, 2021 15:47 - 54 minutesKey Insights: Brad cannot, in fact, reliably and accurately multiply two-digit numbers in his head… When people comment on twitter that we are a nerdy podcast, we respond by going nerdier.. If we get an relatively egalitarian income distribution, the care-centered service economy will give us at least as many interesting jobs to do in the future as we could possibly want—at least for “future” meaning “next two hundred years”… Who controls the consumption spending decisions is key to answe...
PODCAST: "Hexapodia" Is the Key Insight XVII: What Will the Jobs of the Future Be Like?
June 02, 2021 15:47 - 54 minutesListen now | Noah Smith & Brad DeLong's 30:00 This is a public episode. Get access to private episodes at braddelong.substack.com/subscribe
PODCAST: "Hexapodia" Is þe Key Insight XVII: What Will the Jobs of the Future Be Like?
June 02, 2021 15:47 - 54 minutesKey Insights: * Brad cannot, in fact, reliably and accurately multiply two-digit numbers in his head… * When people comment on twitter that we are a nerdy podcast, we respond by going nerdier.. * If we get an relatively egalitarian income distribution, the care-centered service economy will give us at least as many interesting jobs to do in the future as we could possibly want—at least for “future” meaning “next two hundred years”… * Who controls the consumption spending decisions is key...
PODCAST: Hexapodia XVI: Zombie Economic Ideas
May 26, 2021 19:06 - 46 minutesKey Insights: * Josef Schumpeter’s “depressions are… forms of something which has to be done, namely, adjustment to previous economic change. Most of what would be effective in remedying a depression would be equally effective in preventing this adjustment…” is perhaps the most zombie of zombie economic ideas. * Schumpeter’s zombie leads to episodes of dorkish zombie economic derp like John Cochrane’s claim in November 2008 that we needed a recession because we were then—in November 2008—...
PODCAST: Hexapodia XV: No-B******t Democracy, Starring Henry Farrell
May 19, 2021 00:14 - 1 hourKey Insights: * Henry: We need to be critical of other people in the public sphere, but we need to be critical in an extraordinarily humble way—to recognize that we, all of us, are incredibly biased as individuals. We see the moats in our brothers' eyes very well. We do not see the beams and our own. We have a duty to others to try to help them to remove the beams in a polite, quiet, sometimes insistent way... think very carefully about the ways in which we can genuinely be constructive in...
INTERVIEW: Inflation Concerns in the US Following Secretary Treasury Janet
May 14, 2021 14:35 - 11 minutesBrad DeLong: INTERVIEW: Inflation Concerns in the US Following Secretary Treasury Janet: ‘Apple Podcasts: tbs eFM This Morning: 0514 IN FOCUS… <https://podcasts.apple.com/kr/podcast/0514-in-focus-2-inflation-concerns-in-us-following/id1038822609?i=1000521665790&l=en> This is a public episode. Get access to private episodes at braddelong.substack.com/subscribe
INTERVIEW: Inflation Concerns in þe US Following Secretary Treasury Janet Yellen's...
May 14, 2021 14:35 - 11 minutesBrad DeLong: INTERVIEW: Inflation Concerns in the US Following Secretary Treasury Janet: ‘Apple Podcasts: tbs eFM This Morning: 0514 IN FOCUS… <https://podcasts.apple.com/kr/podcast/0514-in-focus-2-inflation-concerns-in-us-following/id1038822609?i=1000521665790&l=en> Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe
INTERVIEW: Inflation Concerns in þe US Following Secretary Treasury Janet Yellen's...
May 14, 2021 14:35 - 11 minutesBrad DeLong: INTERVIEW: Inflation Concerns in the US Following Secretary Treasury Janet: ‘Apple Podcasts: tbs eFM This Morning: 0514 IN FOCUS… <https://podcasts.apple.com/kr/podcast/0514-in-focus-2-inflation-concerns-in-us-following/id1038822609?i=1000521665790&l=en> Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe
PODCAST: Hexapodia XIV: Þe Capital Gains Tax
May 12, 2021 04:33 - 34 minutesKey Insights: * Economic arguments against higher taxes that may have been somewhat plausible back in the days of 70% or so maximum individual and 40% or so maximum capital gains tax rates simply do not apply now. * Right-wing parties that don't think they can credibly make the argument that cosseting their core constituencies is necessary for rapid economic growth search for some non-economic cleavage in which the rich and the right-thinking poor, or the right-colored poor, can be on one...
PODCAST: Hexapodia XIV: Þe Capital Gains Tax
May 12, 2021 04:33 - 34 minutesKey Insights: Economic arguments against higher taxes that may have been somewhat plausible back in the days of 70% or so maximum individual and 40% or so maximum capital gains tax rates simply do not apply now. Right-wing parties that don't think they can credibly make the argument that cosseting their core constituencies is necessary for rapid economic growth search for some non-economic cleavage in which the rich and the right-thinking poor, or the right-colored poor, can be on one side...
PODCAST: Hexapodia XIV: The Capital Gains Tax
May 12, 2021 04:33 - 34 minutesKey Insights: Economic arguments against higher taxes that may have been somewhat plausible back in the days of 70% or so maximum individual and 40% or so maximum capital gains tax rates simply do not apply now. Right-wing parties that don't think they can credibly make the argument that cosseting their core constituencies is necessary for rapid economic growth search for some non-economic cleavage in which the rich and the right-thinking poor, or the right-colored poor, can be on one side...
PODCAST: Hexapodia XIII: "Mandated Interoperability": We Can't Make It Work, or Can We?
May 04, 2021 19:36 - 51 minutesKey Insights: * Cory Doctorow is AWESOME! * It is depressing. We once, with the creation of the market economy, got interoperability right. But now the political economy blocks us from there being any obvious path to an equivalent lucky historical accident in our future. * The problems in our society are not diametrically opposed: Addressing the problems of one thing doesn't necessarily create equal and opposite problems on the other side—but it does change the trade-offs, and so things ...
PODCAST: Hexapodia XII: Þe Cambridge Capital Controversy
April 28, 2021 14:58 - 35 minutesKey Insights: Getting the rate of profit—the sums that are charged businesses for renting machines and renting space, and for access to the generalized social power to deploy resources that is finance—right is a very, very important thing to do. Why? Because the market economy is a complicated institutional calculating machine for determining how to promote societal wellbeing. It cannot do its job if it cannot see the the constraints imposed on us by nature and current technology. And havin...
PODCAST: Hexapodia XII: Þe Cambridge Capital Controversy
April 28, 2021 14:58 - 35 minutesKey Insights: * Getting the rate of profit—the sums that are charged businesses for renting machines and renting space, and for access to the generalized social power to deploy resources that is finance—right is a very, very important thing to do. Why? Because the market economy is a complicated institutional calculating machine for determining how to promote societal wellbeing. It cannot do its job if it cannot see the the constraints imposed on us by nature and current technology. And ha...
PODCAST: Hexapodia XI: China: Its Industrial Policy, & Its Striving for Deweaponized Autarchy
April 21, 2021 17:47 - 43 minutesKey Insights: Brad DeLong: “I have one key insight: everyone should subscribe to Foreign Affairs and read Dan Wang’s forthcoming piece…” Noah Smith: “There are no good models in history for what China is doing…” Dan Wang: “There are lots of questions about industrial policy that it is very difficult to answer…” And as always, the last key insight is: Hexapodia! References: Ian Cutress: TSMC: We have 50% of All EUV Installations, 60% Wafer Capacity <https://www.anandtech.com/show/16042/...
PODCAST: Hexapodia X: Global Warming
April 14, 2021 14:22 - 55 minutes…have to come from the arc of Asia facing the bullets, because the American century is over… It's possible to be increasingly optimistic about climate change and to recognize that we still have a huge way to go… If you want to see a coral reef other than with your VR goggles, start scuba diving now… Zeke Hausfather: Climate scientist working on temp records, climate and energy system models. Director of Climate and Energy at The Breakthrough Institute <https://thebreakthrough.org/people/zek...
PODCAST: Hexapodia IX: Banishing Extreme Poverty from þe World
April 07, 2021 15:28 - 49 minutes…as Leninist, Noah Smith as Burkean. We neoliberals and neoliberal-adjacents need to come up with five significant discrete policies to make the world economy work better to reduce not just extreme but regular poverty over the next generation, rather than rest on fictitious laurels… Max Roser: “Most people in the world live in poverty. 85% of the world live on less than $30 per day, two-thirds live on less than $10 per day, and every tenth person lives on less than $1.90 per day. In each of ...
PODCAST: Hexapodia IX: Banishing Extreme Poverty from þe World
April 07, 2021 15:28 - 49 minutes…as Leninist, Noah Smith as Burkean. We neoliberals and neoliberal-adjacents need to come up with five significant discrete policies to make the world economy work better to reduce not just extreme but regular poverty over the next generation, rather than rest on fictitious laurels… Max Roser: “Most people in the world live in poverty. 85% of the world live on less than $30 per day, two-thirds live on less than $10 per day, and every tenth person lives on less than $1.90 per day. In each of...
PODCAST: Hexapodia VIII: Þe China Syndrome!
March 31, 2021 04:39 - 38 minutes…from the rest of coastal East Asia when looked at in comparative context: Today Noah Smith & Brad DeLong talk about China, the Taiwan Semiconductor Manufacturing Corporation, Wilhelmine Germany before WWI, & other topics. The key insights are: (1) we need to get Dan Wang on this podcast; (2) in the context of coastal East Asia after WWII, it does not look as though China has any special economic development sauce—it’s just so huge—(3) China’s land-policy slowdown of migration to the coast h...
PODCAST: Hexapodia VIII: Þe China Syndrome!
March 31, 2021 04:39 - 38 minutes…from the rest of coastal East Asia when looked at in comparative context: Today Noah Smith & Brad DeLong talk about China, the Taiwan Semiconductor Manufacturing Corporation, Wilhelmine Germany before WWI, & other topics. The key insights are: (1) we need to get Dan Wang on this podcast; (2) in the context of coastal East Asia after WWII, it does not look as though China has any special economic development sauce—it’s just so huge—(3) China’s land-policy slowdown of migration to the coast ...
PODCAST: Hexapodia VII: Forecasting þe Economy, Now Þt Biden-Rescue Has Been Enacted
March 24, 2021 00:43 - 1 hourIn the last resort, the the way the government budget constraint balances itself is through the fiscal theory of the price level: levying this inflation tax on holders of money balances, redistributing wealth away from those who have nominal assets to nominal debts, and imposing a large cognitive-load tax on doing your economic calculation arithmetic. That makes this a lousy tax to impose. Larry and Olivier think we are heading down the road toward a world in which, because Republicans will ...
PODCAST: Hexapodia VII: Forecasting þe Economy, Now Þt Biden-Rescue Has Been Enacted
March 24, 2021 00:43 - 1 hourIn the last resort, the the way the government budget constraint balances itself is through the fiscal theory of the price level: levying this inflation tax on holders of money balances, redistributing wealth away from those who have nominal assets to nominal debts, and imposing a large cognitive-load tax on doing your economic calculation arithmetic. That makes this a lousy tax to impose. Larry and Olivier think we are heading down the road toward a world in which, because Republicans will n...
PODCAST: Hexapodia VI: Þe Global South Begins to Converge to þe Global North!; Wiþ Noah Smith & Brad DeLong
March 17, 2021 02:27 - 33 minutesFor 200 years—from 1800 to 2000—first the Industrial Revolution Age and next the Modern Economic Growth Age rolled forward, bringing previously unimaginable wealth to the global north. And the global south fell further and further behind. Don’t get us wrong—life expectancy, nutrition standards, and material well-being in 2000 were all much higher in the global south in 2000 than in 1800. But the proportional gap vis-a-vis the global north had grown to staggering and awful proportions that we...
PODCAST: Hexapodia VI: Þe Global South Begins to Converge to þe Global North!; Wiþ Noah Smith & Brad DeLong
March 17, 2021 02:27 - 33 minutesFor 200 years—from 1800 to 2000—first the Industrial Revolution Age and next the Modern Economic Growth Age rolled forward, bringing previously unimaginable wealth to the global north. And the global south fell further and further behind. Don’t get us wrong—life expectancy, nutrition standards, and material well-being in 2000 were all much higher in the global south in 2000 than in 1800. But the proportional gap vis-a-vis the global north had grown to staggering and awful proportions that wer...
PODCAST: Hexapodia V: Freeing Us from þe Market; Wiþ Mike Konczal, Noah Smith & Brad DeLong
March 10, 2021 03:25 - 34 minutesMike Konczal: Freedom From the Market: America’s FIght to Liberate Itself from the Grip of the Invisible Hand <https://books.google.com/books?id=0aDLDwAAQBAJ> Konczal says that it is only today that “glib libertarians” purveying “fantasies” are trying to make us forget “that free programs and keeping things free from the market are as American as apple pie…” One of the best passages in the book is where he notes the connection between the Fight for $15 minimum wage campaign and human freedo...
PODCAST: Hexapodia V: Freeing Us from þe Market; Wiþ Mike Konczal, Noah Smith & Brad DeLong
March 10, 2021 03:25 - 34 minutesMike Konczal: Freedom From the Market: America’s FIght to Liberate Itself from the Grip of the Invisible Hand <https://books.google.com/books?id=0aDLDwAAQBAJ> Konczal says that it is only today that “glib libertarians” purveying “fantasies” are trying to make us forget “that free programs and keeping things free from the market are as American as apple pie…” One of the best passages in the book is where he notes the connection between the Fight for $15 minimum wage campaign and human freedom...