'SPERI Presents…' is a podcast taking on the big questions in political economy for scholars, students and publics within and beyond the discipline.We also host...
Crisis Point: Crisis in Economic Thought w/ Matthew Watson
The Long Depression spanned the 1870s into the 1890s, characterised by a prolonged squeeze on capitalist profits, deflation, protectionism and class conflict. How were the harms of this period distributed between classes? What does this early crisis of capitalism tell us about the relationship between crisis and capitalism more generally? How can it help us understand the contributions and limitations of marginalism and neoclassical economics?Matthew Watson is Professor of Political Economy in the Department of Politics and International Studies at the University of Warwick. He joins Chris Saltmarsh and Dillon Wamsley to discuss the Long Depression, how it was experienced differently by elites and non-elites, its debatable status as a crisis, and its place in the thought of marginalists and early political economists.Crisis Point is a limited series introducing the political economy of capitalist crises, providing historical and theoretical rigour to discourses around crisis in the present.Recommended reading for this episode:1) Mike Davis, Late Victorian Holocausts (2000)2) Eric Hobsbawm, The Age of Empire: 1875–1914 (1987)Works referenced in this episode:Alfred Marshall, Principles of Economics (1890)François Quesnay, Tableau Economique (1758)W. Stanley Jevons, Commercial Crises and Sun-Spots (1878)Albert Musson, The Great Depression in Britain, 1873–1896: a Reappraisal (1959)Quentin Skinner, Meaning and Understanding in the History of Ideas (1969)This episode is produced by the SPERI Presents… committee, including Remi Edwards, Chris Saltmarsh, Frank Maracchione, Emma Mahoney, Dillon Wamsley and Andrew Hindmoor. This episode was edited by Chris Saltmarsh and Dillon Wamsley. Music and audio by Andy_Gambino. Hosted on Acast. See https://acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.
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Crisis Point: 2008 w/ Scott Lavery
The 2008 financial crisis is the most totemic political-economic event in living memory. What were the causes of the crash? How does it relate to previous crises in capitalism, like 1970s stagflation? Many believed that 2008 signalled the end of neoliberalism. How did neoliberalism endure in its immediate aftermath? Does China's alternative economic model represent a serious challenge to neoliberalism almost two-decades on? How should we make sense of the post-2008 multipolarity in global politics? Scott Lavery is Lecturer in Political and International Studies at University of Glasgow. His first book is British Capitalism After the Crisis (Springer, 2019). He joins Chris Saltmarsh and Dillon Wamsley to discuss the short and long-term causes of the 2008 financial crisis, what the crisis has meant for neoliberalism, the fundamental conditions of British capitalism, and how we can use political economy to analyse contemporary crises. Crisis Point is a limited series introducing the political economy of capitalist crises, providing historical and theoretical rigour to discourses around crisis in the present.Recommended reading for this episode:1) Colin Crouch, The Strange Non-death of Neo-liberalism (Polity, 2011)2) Adam Tooze, Crashed: How a Decade of Financial Crisis Changed the World (Penguin, 2018)3) Sam Gindin and Leo Panitch, The Making of Global Capitalism: The Political Economy of American Empire (Verso, 2013) (chapter 12)Works referenced in this episode: Helen Thompson on inflationary pressureNicholas Crafts and Terence C. Mills on productivity slumpThis episode is produced by the SPERI Presents… committee, including Remi Edwards, Chris Saltmarsh, Frank Maracchione, Emma Mahoney, Dillon Wamsley and Andrew Hindmoor. This episode was edited by Chris Saltmarsh and Dillon Wamsley. Music and audio by Andy_Gambino. Hosted on Acast. See https://acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.
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Crisis Point: Asian Financial Crisis w/ Jomo Kwame Sundaram
What does the 1997 East Asian Financial Crisis tell us about capitalism and crisis more generally? Should we include it alongside the 1930s, 1970s and 2008 as a major crisis in the history of capitalism? Or does it simply an early symptom of the conditions that eventually gave rise to 2008? Jomo Kwame Sundaram is a Malaysian economist holding such positions including Visiting Senior Fellow at Khazanah Research Institute, Visiting Fellow at the Initiative for Policy Dialogue, Columbia University, and Adjunct Professor at the International Islamic University in Malaysia. He joins Chris Saltmarsh and Dillon Wamsley to discuss the 1997 Asian Financial Crisis including the role of the IMF in causing it; its experience in Thailand, Malaysia and South Korea respectively; and how we should understand it in relation to the 2008 financial crisis.Crisis Point is a limited series introducing the political economy of capitalist crises, providing historical and theoretical rigour to discourses around crisis in the present.Recommended reading for this episode:1) Jomo Kwame Sundaram (ed.) Tigers in Trouble: Financial Governance, Liberalisation and Crises in Southeast Asia (Hong Kong University Press, 1998)2) George W. Noble & John Ravenhill (eds.), The Asian Financial Crisis and the Architecture of Global Finance (Cambridge University Press, 2012)3) Frank Veneroso & Robert Wade, The Asian Crisis: The High Debt Model Versus the Wall Street-Treasury-IMF Complex, New Left Review, I/228 (1998)Works referenced in this episode:Robert Wade on East Asia, including the Republic of KoreaThis episode is produced by the SPERI Presents… committee, including Remi Edwards, Chris Saltmarsh, Frank Maracchione, Emma Mahoney, Dillon Wamsley and Andrew Hindmoor. This episode was edited by Chris Saltmarsh and Dillon Wamsley. Music and audio by Andy_Gambino. Hosted on Acast. See https://acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.
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Crisis Point: 1970s Stagflation w/ Colin Hay
The 1970s crisis of stagflation is often represented as a crisis of capitalism inciting transformation from post-war social democracy to neoliberalism, but was that really how the crisis was experienced at the time? Was capitalism itself at risk, or was this just a crisis in capitalism and of British politics? Is social democracy the right way to understand the post-war period? Were the unions as powerful as we're told? Did Thatcherism decisively solve the problem of inflation as is claimed? Given the prevalence of historical analogy, what can the 1970s (and, indeed, the 1930s) tell us about our current crisis-ridden conjuncture?Colin Hay was a founding co-Director for SPERI in 2012 and remains in that position today. He is also a Professor of Political Sciences in the Centre for European Studies and Comparative Politics at Sciences Po in Paris. He joins Chris Saltmarsh and Dillon Wamsley to discuss the international factors underpinning the1970s crisis of stagflation, misunderstandings about trade unions and inflation during the Winter of Discontent, ironic legacies of Keynesianism, Thatcherism as a political project, neoliberalisation as a process, and constructivist approaches to crisis.Crisis Point is a limited series introducing the political economy of capitalist crises, providing historical and theoretical rigour to discourses around crisis in the present.Recommended reading for this episode:1) Colin Hay, Narrating Crisis: The Discursive Construction of the `Winter of Discontent', Sociology (1996)2) Leo Panitch, The Impasse of Social Democratic Politics, Socialist Register (1986)Works referenced in this episode:Colin Hay's doctoral thesis: 'Re-stating crisis : strategic moments in the structural transformation of the state in post-war Britain' (1995)Ben Bernanke's doctoral thesis: 'Long-term commitments, dynamic optimization, and the business cycle' (1979)This episode is produced by the SPERI Presents… committee, including Remi Edwards, Chris Saltmarsh, Frank Maracchione, Emma Mahoney, Dillon Wamsley and Andrew Hindmoor. This episode was edited by Chris Saltmarsh and Dillon Wamsley. Music and audio by Andy_Gambino. Hosted on Acast. See https://acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.
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Crisis Point: Great Depression w/ Gareth Dale
For many the Great Depression represents the first and most devastating crisis in capitalism's history. How did it come about about? How did it change both the lives of ordinary people and capital accumulation? Was the Great Depression to be a model for future capitalist crises occurring in cycles, or a singular event producing a unique configuration of consequences?Gareth Dale is Reader in Political Economy at Brunel, University of London. He joins Chris Saltmarsh and Dillon Wamsley to discuss how the ideas of Karl Polanyi can help us understand the 1930s Great Depression in the longer history of crisis and capitalism.Crisis Point is a limited series introducing the political economy of capitalist crises, providing historical and theoretical rigour to discourses around crisis in the present.Recommended reading:1) Karl Polanyi (1944), The Great Transformation2) Gareth Dale (2010) Karl Polanyi: The Limits of the Market3) Eric Helleiner (2014) Forgotten Foundations of Bretton Woods: International Development and the Making of the Postwar OrderThis episode is produced by the SPERI Presents… committee, including Remi Edwards, Chris Saltmarsh, Frank Maracchione, Emma Mahoney, Dillon Wamsley and Andrew Hindmoor. This episode was edited by Chris Saltmarsh and Dillon Wamsley. Music and audio by Andy_Gambino. Hosted on Acast. See https://acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.
'SPERI Presents…' is a podcast taking on the big questions in political economy for scholars, students and publics within and beyond the discipline.We also host 'New Thinking in Political Economy', an ongoing series with monthly episodes. Dr Remi Edwards is joined by authors of new research to explore the motivations behind, contributions and implications of their work for understanding power and politics in the global economy.The first limited series was 'Lessons in Power'. Professor Michael Jacobs and Mems Ayinla interview ministers and advisors from the New Labour administration (1997-2010) to tease out lessons on a range of issues for Keir Starmer’s newly formed Labour government.Coming soon: Crisis Point hosted by Chris Saltmarsh and Dr Dillon Wamsley. Hosted on Acast. See acast.com/privacy for more information.
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