Free Exchange: Paul Collier on the Future of Capitalism

“This week’s guest on Free Exchange, the CapX podcast, is Sir Paul Collier, Professor of Economics at the Blavatnik School of Government at the University of Oxford. […] His latest book, The Future of Capitalism, deals with what he thinks has gone wrong not in a failed African state, but here in the West. And he thinks our political and economic system isn’t living up to the promises we make about it.”

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Can the Free Market End Global Poverty? Nobel Laureate Joseph Stiglitz vs. NYU’s William Easterly

A staggering reduction in global poverty occurred over the last four decades. Across the planet, developing countries large and small, from India to Ghana, have seen astonishing successes in alleviating poverty, exceeding even the most optimistic economic forecasts.

Two of the world’s best-known development economists, Joseph Stiglitz and William Easterly debate how this extraordinary shift happened and whether poor countries need more free markets, or more government.

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A Radical Plan to Fix Inequality Is Making Waves with Its Many Moral Dilemmas

“What if everything was for sale? What if you had to name a price for everything you owned and be willing to sell it if a buyer matched your offer? And you couldn’t cheat by overestimating the price to keep your property because your taxes would be based on the value you chose. It’s enough to make even the most ardent believers in free markets squirm a little. But a system like this is at the heart of […] Radical Markets: Uprooting Capitalism and Democracy for a Just Society.

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The Psychological Mechanisms behind the Workings of the Invisible Hand

Part 3 of 4 in series "'Good Markets' book interviews"

What economist and business ethicist Johan Graafland likes about The Theory of Moral Sentiments (1759) by philosopher and economist Adam Smith, is that it displays an enormous understanding of human nature and that he makes you reconsider your point of view times and again. A book interview.

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Whistle-Blower: Companies Need to Encourage Speak-Up Culture

Noted consultant Wendy Addison, Founder and Chief Executive of SpeakUp SpeakOut, was recently interviewed in The Wall Street Journal. Addison is also known for her personal role as a whistle blower on fraud and corruption in 2000 regarding LeisureNet Ltd., whose joint chief executives were convicted of fraud in one of the biggest corporate scandals in South Africa.

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Free Exchange: John Kay on the Meaning of the Market

Economist John Kay “despairs at the caricatured greed-is-good view of the market that has become conventional wisdom. He calls this idea ‘both repellant to most thoughtful people and false as a description of how markets really operate.’ What has been lost, he says, is an appreciation of the extent to which ‘our economy does depend very heavily on morality and trust relationships. It is not a matter of leaving people to do whatever they like. Nor is it about glorifying greed.'”

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Inevitable that We Occasionally Hurt Each Other in the Market

Part 2 of 4 in series "'Good Markets' book interviews"

Economist Lans Bovenberg recognizes the passion for his field that (historical) economist Luigino Bruni displays in his book The Wound and the Blessing; Economics, Relationships and Happiness (2012) – and shares his vision that the market is an important social infrastructure for human co-operation. A book interview.

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The Market Requires Social Structures, Not Radical Individualism

Part 1 of 4 in series "'Good Markets' book interviews"

Theologian Jordan Ballor admires the thorough way in which economist Wilhelm Röpke thinks key concepts through in A Humane Economy; The Social Framework of the Free Market (1960) – and explains why Röpke’s work appeals to people from diverse economic and political schools. A book interview.

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The Many Transgressions of Deirdre McCloskey

Interview (with videos) with Deidre McCloskey “focused on […] her continued engagement with economic history and her “Bourgeois Virtues” trilogy that seeks to make a philosophical and scientific defense of capitalism, her criticism of economics as practiced, and her advice for young economists seeking to break out of the stultifying confines of what is acceptable.”

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Why GDP Gradually Became Dominant in Economics

Part 4 of 4 in series "'Good Markets' book interviews"

Historical economist Floris Heukelom is optimistic that we can change the way in which we evaluate national economies – thanks to the detailed analysis that sociologist Andrew Yarrow presents in “Measuring America; How Economic Growth Came to Define American Greatness in the Late Twentieth Century” (2010). A book interview.

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Is It Really about the Invisible Hand?

An interview with prof. Bas van Bavel, distinguished professor of Transitions of Economy and Society at Utrecht University, on his book “Invisible Hand? How Market Economies have Emerged and Declined Since AD 500″

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