New Books in Economics
An Existential Fight between Green and Carbon Assets (with Mark Blyth)
Nov 21, 2024
Mark Blyth, an international economist from Brown University and author of several influential books, dives deep into the clash between green initiatives and carbon assets. He discusses the historical roots of economic inequalities and the political dynamics shaping voter behavior, particularly among the working class. Blyth emphasizes the need for a balance between immediate economic concerns and long-term climate goals. He also explores the impact of global power dynamics on U.S. policies, the disconnection between economic statistics and personal experiences, and the importance of education in this evolving landscape.
33:50
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Quick takeaways
- The current economic climate reveals a deepening crisis in neoliberalism affecting the bottom 60% of earners while benefiting the top 40%.
- Political divides are amplifying, with educational backgrounds increasingly shaping party alignment, leading to a disconnect between traditional working-class voters and the Democratic Party.
Deep dives
The End of a Macroeconomic Regime
The current economic climate represents the conclusion of a long-standing macroeconomic regime that has persisted for approximately 40 years. This era has led to increasing fragility, predominantly affecting the bottom 60% of income earners while the top 40% have significantly benefited. The emergence of figures such as Trump has highlighted the growing structural issues stemming from this neoliberal framework, which has become evident across various global contexts, including Europe and Latin America. This shift has not only marked a crisis in neoliberalism but has also paved the way for fundamental changes in economic governance.
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