'Neoliberalism: the theory and the empirics' - Dr Ha-Joon Chang - Arrol Adam Lecture 03/03/2016
Duration: 50 mins 15 secs
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| Description: | The Arrol Adam Lectures were set up in memory of William Arrol Adam, who read Chemistry at Fitzwilliam House in 1905 and died in 1939. It was the stated intention of the bequest, made in 1962 by his widow Jane Wylie Adam, to disseminate knowledge, promote discussion of issues of general interest and concern and to foster the use of plain and simple English. |
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| Created: | 2016-06-09 15:16 |
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| Collection: | Fitzwilliam College lectures |
| Publisher: | Fitzwilliam College |
| Copyright: | Fitzwilliam College |
| Language: | eng (English) |
| Distribution: |
World
(not downloadable)
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| Keywords: | Neoliberalism; empirics; |
| Categories: |
iTunes - Business - Economics |
| Explicit content: | No |
| Aspect Ratio: | 4:3 |
| Screencast: | Yes |
| Bumper: | UCS Default |
| Trailer: | UCS Default |
| Abstract: | “In his 2008 book, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism, Chang – an economist himself, a specialist in the political economy of development – mocked one of the central orthodoxies of his profession: the belief that global free trade raises living standards everywhere. 23 Things They Don't Tell You About Capitalism assaults economic orthodoxy on a much larger front. Dip into this witty, iconoclastic and uncommonly commonsensical guide to the follies of economics, and, among many other things, you will learn that free market policies rarely make poor countries richer; global companies without national roots belong in the realm of myth; the US does not have the highest living standards in the world; the washing machine changed the world more than the internet; more education does not of itself make countries richer; financial markets need to become less, not more efficient; and – perhaps most shocking to Chang's colleagues – good economic policy does not require good economists. Each of Chang's 23 propositions may seem counterintuitive, even contrarian. But every one of them has a basis in fact and logic, and taken together they present a new view of capitalism.”
Dr Ha-Joon Chang is Reader in the Political Economy of Development, Faculty of Economics, University of Cambridge. |
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