Replay: Vincent Browne interview on the Euro in 2012

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A Twit­ter cor­re­spon­dent reminded me of this inter­view from two years ago in Ire­land, where the topic was pre­dom­i­nantly the Euro, the Maas­tricht Treaty, and the like­li­hood of a polit­i­cal break in Europe due to austerity.


The dis­cus­sion has quite a bit of rel­e­vance to what is hap­pen­ing in Greece now–and what may hap­pen in Spain later this year. Hence I thought it was worth re-posting it.

1890s March of the unemployed on Washington

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Dur­ing the 1890s Depres­sion, the busi­ness­man Jacob Coxey devel­oped the idea that the unem­ployed should be hired by the gov­ern­ment to work on the badly dilap­i­dated roads. His idea cul­mi­nated in a march on Wash­ing­ton by over 10,000 peo­ple, and his arrest for tram­pling Congress’s lawns. This 1994 doc­u­men­tary by the Mas­sil­lon Museum tells his story.

Jacob Coxey was rid­ing home one day and expe­ri­enced the poor con­di­tions of the road in the 1890s. He also saw many unem­ployed men walk­ing the streets look­ing for work. He had the idea to put unem­ployed men to work towards prob­lems like fix­ing roads. He took this idea and made the Good Roads Bill in 1892. He pre­sented it to Con­gress, but that’s as far as it went. He teamed up with Carl Browne.

Science Versus Pseudoscience

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I par­tic­i­pated in a very enjoy­able dis­cus­sion with philoso­pher Ken Gemes and sci­ence author David Boda­nis (author of e=mc2: A Biog­ra­phy of the world’s most famous equa­tion) on sci­ence ver­sus non-science–with par­tic­u­lar atten­tion to eco­nom­ics. You can lis­ten to the hour-long dis­cus­sion by click­ing on this link: Philosofa Pod­cast. The full episode details (includ­ing the pod­cast and a down­load­able MP3 file) are avail­able here: The Philosofa Episode 2: Sci­ence Ver­sus Pseu­do­science.

Should governments run surpluses?

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My talk at the “‘Eco­nom­ics With Jus­tice” sem­i­nar series at the The School of Eco­nomic Sci­ence in Man­dev­ille Place, Lon­don. I cover where the argu­ment for aus­ter­ity came from, a thought exper­i­ment about what will hap­pen when a gov­ern­ment runs a sus­tained sur­plus, and a model show­ing what hap­pens when the gov­ern­ment does run a surplus.

Keep Rus­sell Stan­dish on the Min­sky Project

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Kingston Lectures on Endogenous Money & Modelling with Minsky

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These are two lec­tures on endoge­nous money in macro­eco­nom­ics from the Kingston Uni­ver­sity Polit­i­cal Econ­omy Mas­ters mod­ule “Eco­nomic Change and Ideas”, which I gave yes­ter­day (Fri­day March 6th). I will wait till next year before post­ing the entire lec­ture series, since I’m giv­ing them for the first time this year and they are a bit rough. But one stu­dent couldn’t make yes­ter­day, and I had two lec­tures in one day to make up for my absence next week when I’m attend­ing my niece’s wed­ding in Syd­ney. So these are posted for my absent stu­dent and any­one else who is interested.

Talking Greece, Austerity and Pluralism at the London School of Economics

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I was invited by the Rethink­ing Eco­nom­ics stu­dent asso­ci­a­tion at the Lon­don School of Eco­nom­ics to give a talk about Greece, Aus­ter­ity, Post Key­ne­sian Eco­nom­ics and antic­i­pat­ing the cri­sis. There was an excel­lent audi­ence of around 150 for the talk, and a good dis­cus­sion after­wards: the stu­dents there are keen (par­don the pun) to learn about non-Neoclassical approaches to eco­nom­ics, which are taught at Kingston Uni­ver­sity, but which they said they do not learn from their courses at the LSE itself.

Talking Greece & Yanis on the BBC

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I was inter­viewed last night on the BBC News Chan­nel about the Greek cri­sis. Nego­ti­a­tions today seem to have bought some breath­ing space, but the issues raised here will now become dom­i­nant. Hav­ing gar­nered a 4 month exten­sion and time to rede­fine the macro­eco­nomic aspects of the EU pack­age, Syriza will now have to carry the day with its con­stituency and polit­i­cal rivals back in Greece.

BBC News Chan­nel Interview