Funding the Future Power is all around us
Oct 26, 2025
Exploring the economics of walking about reveals how power shapes communities. From Ely Cathedral's grand architecture to Cromwell's historical influence, the discussion highlights the ties between past and present economic realities. The podcast connects feudal rents to modern mortgage issues and emphasizes how local symbols can help us understand political economy. Richard Murphy encourages listeners to walk their neighborhoods to uncover the subtle economics hiding in plain sight.
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Walk To See Real Economic Power
- Walking through real places reveals economic power relations better than spreadsheets.
- Richard Murphy argues the physical economy shows how power shapes resource allocation.
Talk To People, Not Just Data
- Do talk directly with ordinary people to understand the real economy.
- Murphy cites Danny Blanchflower's 'economics of walking about' as a method to learn beyond spreadsheets.
Cathedral As Symbol Of Elite Rent
- Ely Cathedral stands as a long-standing symbol of church and Norman power.
- Murphy connects the cathedral's history to feudal rent extraction and elite wealth in the region.