#731 Clara Mattei - The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism

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Dr. Clara Mattei is an Assistant Professor in the Economics Department of The New School for Social Research. Her research contributes to the history of capitalism, exploring the critical relation between economic ideas and technocratic policy making. She is the author of The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism.

In this episode, we focus on The Capital Order. We start by talking about how the relationship between the state and the market changed during World War I, and the empowerment of workers in its aftermath, illustrating it with the example of wage relations. We discuss workers movements and their goals, and the development of austerity in reaction to it. We talk about the real goals, and the economic and social consequences of austerity. We discuss if there is any “apolitical” theory in economics, and how austerity should be viewed as a response, not to economic crises, but to crises of capitalism. We also discuss the link between austerity and fascism, and if austerity can go away.

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A HUGE THANK YOU TO MY PATRONS/SUPPORTERS: KARIN LIETZCKE, ANN BLANCHETTE, PER HELGE LARSEN, JERRY MULLER, HANS FREDRIK SUNDE, BERNARDO SEIXAS, HERBERT GINTIS, OLAF ALEX, JONATHAN VISSER, ADAM KESSEL, MATTHEW WHITINGBIRD, ARNAUD WOLFF, TIM HOLLOSY, HENRIK AHLENIUS, JOHN CONNORS, FILIP FORS CONNOLLY, DAN DEMETRIOU, ROBERT WINDHAGER, RUI INACIO, ZOOP, MARCO NEVES, COLIN HOLBROOK, SIMON COLUMBUS, PHIL KAVANAGH, JORGE ESPINHA, MIKKEL STORMYR, SAMUEL ANDREEFF, FRANCIS FORDE, TIAGO NUNES, ALEXANDER DANNBAUER, FERGAL CUSSEN, HAL HERZOG, NUNO MACHADO, JONATHAN LEIBRANT, JOÃO LINHARES, STANTON T, SAMUEL CORREA, ERIK HAINES, MARK SMITH, JOÃO EIRA, TOM HUMMEL, SARDUS FRANCE, DAVID SLOAN WILSON, YACILA DEZA-ARAUJO, ROMAIN ROCH, DIEGO LONDOÑO CORREA, YANICK PUNTER, ADANER USMANI, CHARLOTTE BLEASE, NICOLE BARBARO, ADAM HUNT, PAWEL OSTASZEWSKI, NELLEKE BAK, GUY MADISON, GARY G HELLMANN, SAIMA AFZAL, ADRIAN JAEGGI, NICK GOLDEN, PAULO TOLENTINO, JOÃO BARBOSA, JULIAN PRICE, EDWARD HALL, HEDIN BRØNNER, DOUGLAS FRY, FRANCA BORTOLOTTI, GABRIEL PONS CORTÈS, URSULA LITZCKE, SCOTT, ZACHARY FISH, TIM DUFFY, SUNNY SMITH, JON WISMAN, MORTEN EIKELAND, DR BYRD, DANIEL FRIEDMAN, WILLIAM BUCKNER, MAU MARIA, PAUL-GEORGE ARNAUD, LUKE GLOWACKI, GEORGIOS THEOPHANOUS, CHRIS WILLIAMSON, PETER WOLOSZYN, DAVID WILLIAMS, ROOFTOWEL, DIOGO COSTA, ANTON ERIKSSON, CHARLES MOREY, ALEX CHAU, AMAURI MARTÍNEZ, CORALIE CHEVALLIER, PEDRO BONILLA, ZIEGLER, JOÃO BARBOSA, BANGALORE ATHEISTS, LARRY D. LEE JR., OLD HERRINGBONE, STARRY, MICHAEL BAILEY, DAN SPERBER, ROBERT GRESSIS, TOM ROTH, THERPMD, AND IGOR N!

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