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Ceteris Never Paribus: The History of Economic Thought Podcast
57 minutes | 2 months ago
James Buchanan and the Soul of Classical Political Economy, Episode 25
Guests: Alain Marciano and Peter J. Boettke Hosted and produced by Erwin Dekker In this episode, Erwin talks with Alain Marciano and Pete Boettke about The Soul of Classical Political Economy a book they co-edited with archival material from the James Buchanan archives located at George Mason University. James Buchanan, Nobel Laureate in 1986 was an American economist who started as public finance scholar, who established the field of public choice and pioneered the constitutional political economy approach. They discuss the formation of the archives since Buchanan’s death in 2013, his role in the development of the Virginia School of Political Economy, his academic entrepreneurship and attempts to develop intellectual centres in sometimes hostile academic environments as well the evolution of his research program. Pete Boettke details the way in which Buchanan attempted to create a vibrant intellectual environment at the various universities in which he worked. Alain Marciano, who is working on an intellectual biography of Buchanan, explains the way in which the archives inform his project and how life and work became one for Buchanan.
68 minutes | 3 months ago
Relocating Modern Science with Kapil Raj, Episode 24
Guest: Kapil Raj Host and Producer: Maria Bach Join Maria Bach for an interview with Kapil Raj about his approach in the history of science. Dr. Raj is Professor of the History of Science at the École des Hautes Études en Sciences Sociales (The School for Advanced Studies in the Social Sciences) in Paris. In particular, they discuss Raj’s book Relocating Modern Science. Links to works and institutions mentioned: 1. The Go Between by L.P. Hartley 2. The Lund Centre for History of Knowledge (LUCK)
63 minutes | 6 months ago
German Socio-Economics, Episode 23
Guests: Stefan Kolev and Mark McAdam Hosted and produced by Reinhard Schumacher and Erwin Dekker In this episode, Reinhard and Erwin talk with Stefan Kolev and Mark McAdam about the recent translation of eight classic articles in the tradition of German Socio-Economics including work by Georg Simmel, Joseph Schumpeter, Gustav Schmoller and Ferdinand Tönnies. These articles were picked from the rich archive of Schmollers Jahrbuch (currently Journal of Contextual Economics). They discuss the best way to understand the German tradition of Socio-Economics, the helpfulness of the Historical School label, how institutional change is best studied, and how relevant this tradition of thought is to under current socio-economic transformations around the world. The editors of these translations also discuss the process of translation both language wise and between different intellectual traditions. The issue of the Journal of Contextual Economics with all translation and original articles is open-access for a limited amount of time.
52 minutes | 10 months ago
Marginalised Voices, Episode 22
Guests: Jaci Eisenberg, Gerardo Serra and Sharmin Khodaiji Hosted and produced by Maria Bach In this episode, Maria interviews three scholars who study underrepresented or what she calls marginalised voices in the history of policy and economics. They discuss why they came to study such lesser known figures and how the research can give us new perspectives. They also share the difficulties and constraints that they face. Jaci Eisenberg studied American women who contributed to the League of Nations. Gerardo Serra studies the history of economics and statistics in 20th century Ghana. Sharmin Khodaiji researches the institutionalisation of political economy in India. Listen to find out more about their research!
71 minutes | a year ago
Till Düppe on Economics in the German Democratic Republic (East Germany), Episode 21
Guest: Till Düppe Hosted and produced by Reinhard Schumacher In this episode, Till Düppe talks with Reinhard about the development of Economics in the German Democratic Republic (GDR), better known as East Germany – a state that existed from 1948 until 1990. We discuss Till’s general approach of historical epistemology of economics before discussing in detail the development of Marxist-Leninist economics in the GDR from its beginning to its abrupt end in 1990. Till also compares this system of knowledge with economics before and after the GDR. Additionally, we discuss some methodological approaches, such as Karl Mannheim’s concept of generations and institutional history. Till is an associate professor at the Department of Economics Sciences at the Université du Québec à Montréal. Articles by Till Düppe mentioned in this episode: Border Cases Between Autonomy and Relevance: Economic Sciences in Berlin – A Natural Experiment, Studies in History and Philosophy of Science, 2015. The Generation of the GDR: Economists at the Humboldt University of Berlin Caught Between Loyalty and Relevance, History of the Human Sciences, 2017. A Science Show Debate: How the Stasi Staged Revisionism, Contemporary European History, 2020. Also mentioned in this episode is Episode 12 with Adam Leeds on the Development of Soviet and Russian Economics.
66 minutes | a year ago
Parenting in Academia, Episode 20
Hosts: Maria Bach and Reinhard SchumacherProduction: Maria Bach In this episode, we interview Beatrice Cherrier to talk about what it is like being a parent in academia – the ups, the downs and all the things we can do to make life and work easier.
52 minutes | a year ago
South Asian Intellectual History with Andrew Sartori, Episode 19
Guest: Andrew Sartori Hosted and produced by Maria Bach In this episode, Maria shares a recent interview with Andrew Sartori, an intellectual historian at NYU. Andrew discusses his work in South Asian Intellectual History and how he ended up in this relatively small field when he started. He also talks about how he deals with the international diffusion of ideas. Finally, they debate the need to find a distinct Indian way of thinking and how this perceived need makes it hard to research in this area of study. Check out his publications here.
78 minutes | a year ago
Dennis Rasmussen on David Hume and Adam Smith, Episode 18
Guest: Dennis Rasmussen Hosted and produced by Reinhard Schumacher In this episode, Dennis Rasmussen talks with Reinhard about David Hume and Adam Smith. The episode focuses on Dennis’s book The Infidel and the Professor: David Hume, Adam Smith, and the Friendship that Shaped Modern Thought. We discuss the Scottish Enlightenment, Hume’s and Smith’s lives, their mutual influence, and friendship in science. Additionally, Dennis talks about Adam Smith and economic inequality, as well as writing for a broader academic audience and for the general public. Dennis is a professor of Political Science at the Maxwell School of Citizenship and Public Affairs at Syracuse University. His research is mostly in the history of political thought. Books and articles by Dennis Rasmussen mentioned in this episode: The Infidel and the Professor: David Hume, Adam Smith, and the Friendship that Shaped Modern Thought Adam Smith and the Death of David Hume The Letter to Strahan and Related Texts The Problems and Promise of Commercial Society Adam Smith’s Response to Rousseau Adam Smith on What Is Wrong with Economic Inequality, American Political Science Review The Problem With Inequality, According to Adam Smith, The Atlantic Does “Bettering Our Condition” Really Make Us Better Off? Adam Smith on Progress and Happiness, American Political Science Review
54 minutes | 2 years ago
The Mont Pelerin Society and the Origins of Neoliberalism with Ola Innset, Episode 17
Guest: Ola Innset Hosted and produced by Erwin Dekker and Reinhard Schumacher In this episode we interview the historian Ola Innset about his award-winning dissertation Reinventing liberalism : Early neoliberalism in context, 1920-1947. He has used the methodology of micro-history to study the first meeting of the Mont Pelerin Society in 1947, including ‘juicy’ details. We discuss Ola’s thesis of the double movement: neoliberalism as response to both planning and the old ideal of laissez-faire. But the conversation turns much broader about the international character of neoliberalism, the uses and abuses of the term, as well as its contemporary relevance. And we discuss other recent literature on neoliberalism including that of Quinn Slobodian and Peter Boettke. In a piece for the Baffler Ola has described his own visit to the Mont Pelerin Hotel where the conference took place. In a spin-off article has has explored the relations between Friedrich Hayek and Karl (!) Polanyi, which contains a continuation of the discussion about economic calculation in the podcast.
29 minutes | 2 years ago
Defining and Measuring Poverty, Episode 16
The United Nations Sustainable Development Goal No. 1: End poverty in all its forms everywhere Source: https://www.un.org/sustainabledevelopment/poverty/ In this episode, Maria Bach explores how poverty has been defined and measured over time inspired by her work with Mary Morgan recently published in the History of Political Economy Journal (https://read.dukeupress.edu/hope/issue/50/S1) The episode features notably Amartya Sen, Frances Stewart, Stephen Marglin and Mary Morgan. Here is a list of the books, websites and articles mentioned in the episode: 1. GSDRC‘s definition of poverty2. UNESCO‘s definition of poverty3. The Economist’s article on defining poverty4. Poverty and Social Exclusion Project based in the UK5. Jean Dreze and Amartya Sen’s An Uncertain Glory, 20136. Howard Glennerster, John Hills, David Pichaud and Jo Webb’s One Hundred Years of Poverty and Policy, 20047. Seebohm Rowntree’s Poverty: A Study of Town Life, 19088. The New York Times article on How to define poverty? by Louis Uchitelle, 20019. The UN Intellectual History Project10. The IMF and World Bank’s Poverty Reduction Strategy Papers (PRSPs)11. Frances Stewart and Michael Wang’s working paper on Do PRSPs empower poor countries and disempower the World Bank, or is it the other way round?
62 minutes | 2 years ago
The book that never gets old, Episode 15 with Tiago Mata
Presenters: Christina Laskaridis of SOAS University and Tiago Mata of UCL Produced and edited by Maria Bach, Assistant Professor at the American University of Paris In this episode, Christina and Tiago discuss Eric Roll’s book on the History of Economic Thought. A popular history that circulates in many editions and languages, Christina and Tiago explore the book’s making and the reasons for its success. The episode focuses on biographical aspects of Eric Roll, on the book’s critical reception and evolving structure. Tiago Mata is a Lecturer in the Department of Science and Technology Studies at University College London. Tiago has dedicated himself to the study of “Economics in the Public Sphere”, leading a team of scholars in researching the communication of economic knowledge since 1945. He has worked on political movements in economics, in particular the resurgence of the Left in 1960s and 1970s North America and how it enacted new ways to think the economy, expertise and social justice. He has also worked on the communication of economic knowledge and statistics and the development of business magazines and how they straddle the worlds of print and management, accommodating transformations in American corporate capitalism. Besides these topics, he also works on social science methodology and the funding regimes of the social sciences. Christina Laskaridis co-hosts the Ceteris Never Paribus podcast, is a PhD candidate at the School of Oriental and African Studies and a former research fellow at the Center for the History of Political Economy. We would like to thank to Laura Comicini for the clip in Italian, Roger Backhouse and Keith Tribe for sharing his interview with Eric Roll with us. This episode makes use of the British Library’s Sounds Collection, and the Oral History recording with Eric Roll.
58 minutes | 2 years ago
Maria Bach on Indian Economics in the late 19th century, Episode 14
Guest: Maria Bach, The American University of Paris Hosted and produced by Reinhard Schumacher In this episode, Reinhard talks with Maria Bach about her PhD thesis Redefining universal development from and at the margins: Indian Economics’ contribution to development discourse, 1870-1905. We discuss her interest in Indian economic thought, her methodological approach of Positive Discourse Analysis, the development of the Indian economy and of Indian economics in the second half of the 19th century. Maria describes how Indian Economics was influenced by the Indian economic experience and the policy they recommended for Indian development. A focus in the discussion is on the distinct concept of development, which Indian economists developed. In Maria’s thesis, she focuses on three Indian economists: Dadabhai Naoroji, Mahadev Govind Ranade, and Romesh Chunder Dutt. They are also the main protagonists in our discussion. Maria Bach is an Assistant Professor in the Economics Department at the American University of Paris. She has recently finished her PhD at King’s College London in International Political Economy. In her thesis, she analyses how Indian Political Economists constructed an idea of development at the turn of the 19th century. Before starting her PhD, Maria was a consultant at the Organisation for Economic Cooperation and Development (OECD) in Paris working on a project entitled New Approaches to Economic Challenges. Maria completed her MSc in Development Economics in 2012 at the School of Oriental and African Studies (SOAS) and her BA in International Economics and Applied Mathematics at the American University of Paris in 2011. And Maria is a co-host of Ceteris Never Paribus: The History of Economic Thought Podcast. An article based on some of her Phd research has been published in the European Journal of the History of Economic Thought (EJHET): What laws determine progress? An Indian contribution to the idea of progress based on Mahadev Govind Ranade’s works, 1870–1901
72 minutes | 2 years ago
Peter Boettke on F. A. Hayek, Episode 13
Guest: Peter BoettkeHosted and produced by Erwin Dekker and Reinhard Schumacher In this episode Erwin and Reinhard talk with Peter Boettke about his new book on Hayek, F.A. Hayek: Economics, Political Economy and Social Philosophy, published with Palgrave Macmillan. We discuss the various stages in Hayek’s work, Hayek’s relation to neoliberalism, Pete’s contra-Whig methodology for the history of economics (with a hat tip to Kenneth Boulding), Hayek’s relation to the Scottish Enlightenment, what it means to be an epistemic institutionalist, and the extent to which there was continuity between the early neoclassicals and the Austrian School. As well as many other subjects related to Hayek, and what a Hayekian research program looks like. Peter Boettke is Director of the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, as well as the BB&T Professor for the Study of Capitalism at the Mercatus Center at George Mason University, and a University Professor of Economics and Philosophy at George Mason University. He blogs at coordinationproblem.org.
76 minutes | 2 years ago
Adam Leeds on the Development of Soviet and Russian Economics, Episode 12
Guest: Adam LeedsHosted and produced by Reinhard Schumacher In this episode, Adam Leeds talks with Reinhard about his thesis “Spectral Liberalism: On the Subject of Political Economy in Moscow”, for which Adam won the 2018 “Joseph Dorfman Best Dissertation Prize” awarded by the History of Economics Society. We talk about the development of Soviet and Russian economics and its relationship with politics starting from the late tsarist era, the Soviet Union under first Lenin and Stalin, the post-Stalin era, Gorbachev’s reforms, ending with the development in the 1990s and early 2000s. The topics we discuss include Adam’s research approach of oral history, methodological issues about conducting interviews in Russia, and the relationship between anthropology and the history of economic thought. Adam is an anthropologist (with an interest in the history of economics) and an assistant professor at Department of Slavic Languages at Columbia University.
53 minutes | 2 years ago
Paul Dudenhefer on Academic Writing, Episode 11
Guest: Paul Dudenhefer Hosted and produced by Reinhard Schumacher In this episode, Reinhard talks with Paul Dudenhefer about academic writing, especially about writing English journal articles. The topics we discuss include the framing of an article, writing for an “Anglo-American audience", how to write clearly and entertainingly, how to avoid the curse of knowledge, how to get most out of feedback, and writing for a general audience. Paul is a professional writer and editor. He was copy editor of the journal History of Political Economy (HOPE) for more than 15 years, until 2016. Currently, Paul is the managing editor of the journal Politics & Society. Paul has taught writing to graduate students and given workshops on writing. He has also written a booklet titled Writing the Field Paper and Job Market Paper: A Holistic and Practical Guide for PhD Students in Economics. You can find Paul on his website www.pauldudenhefer.net (where you can also hire him to edit your paper). Books and articles mentioned by Paul in this episode: Paul Dudenhefer: Writing the Field Paper and Job Market Paper: A Holistic and Practical Guide for PhD Students in Economics Joseph M. Williams/Joseph Bizup: Style: Lessons in Clarity and Grace George Gopen: Expectations: Teaching Writing from the Reader’s Perspective John Gardner: The Art of Fiction: Notes on Craft for Young Writers Deidre McCloskey: Economical Writing Steven Pinker: The Sense of Style: The Thinking Person's Guide to Writing in the 21st Centuryo Steven Pinker (2014): Why Academics Stink at Writing, The Chronicle of Higher Education (behind a paywall) Samuelson, Paul A. (1965): A Catenary Turnpike Theorem Involving Consumption and the Golden Rule, American Economic Review (behind a paywall)
55 minutes | 3 years ago
Irwin Collier on Economics in the Rear-View Mirror, Episode 10
Guest: Irwin Collier, Free University of Berlin Hosted and produced by Reinhard Schumacher In this episode Irwin Collier, professor of Economics at the John-F.-Kennedy Institute for North American Studies at the Free University of Berlin, talks about his project Economics in the Rear-View Mirror, which recently celebrated its third anniversary. On his website, Irwin is collecting and making available teaching resources used in economics programmes at US universities. These resources include syllabi, exams, and lecture notes. His project is covering the period from roughly 1870 – 1970. So far, the website features more than 750 artefacts, including documents from Joseph Schumpeter, Paul Samuelson, Robert Solow, Frank Knight, and many more well-known and lesser-known economists. Irwin’s website is a treasure for historians of economics, and a treasure that is still growing. The interview covers the motivation and aim of the project, some technical and archival topics, as well as some lessons on the development of economics from 1870–1970 that can be drawn from the project so far.
75 minutes | 3 years ago
Erwin Dekker on the Viennese Students of Civilization, Episode 9
Guest: Erwin Dekker, Erasmus University RotterdamHosted and produced by Reinhard Schumacher In this episode, Erwin Dekker talks about his book The Viennese Students of Civilization: The Meaning and Context of Austrian Economics Reconsidered. We discuss Erwin’s cultural approach to the history of economic thought in general, before Erwin talks about the cultural context and historical developments which he argues are important to understand the development of early Austrian economics from its beginning in the late 19th century until the emigration of Austrian scholars in the 1930s. The interview also covers how Austrian economists adapted to their exiles in the English-speaking world and how modern Austrian economics differs from the approach used by Austrian economists in Austria. Towards the end of the interview, we discuss the challenges of writing a book that covers a large group of people, the endeavour of transforming a PhD thesis into a book published by the Cambridge University Press, and the role of historians of economic thought as the last generalists. Erwin is a post-doctoral researcher at the Erasmus School of Economics where he is working on the intellectual biography of Nobel laureate and Dutch economist Jan Tinbergen. He is also assistant professor in cultural economics at the Erasmus School of History, Culture and Communication and has been post-doctoral fellow at the Economics Department of George Mason University. His research focuses on the intersection of art and culture with economics. He has published in the fields of cultural economics, economic methodology and intellectual history, and he is currently working on the moral frameworks which sustain markets. And he is a co-host of this podcast.
61 minutes | 3 years ago
Gareth Dale on the Life of Karl Polanyi, Episode 8
Guest: Gareth Dale, Brunel University Hosted and produced by Reinhard Schumacher In this episode, Gareth Dale talks about his biography “Karl Polanyi: A Life on the Left”, which has recently been published in paperback. We discuss Polanyi’s childhood and youth in Budapest, his move to Vienna after the First World War, his escape from Austrofascism to first England and later North America, where he would write his main work The Great Transformation. We also talk about Polanyi’s relationship with his wife Ilona Duczyńska and his brother Michael Polanyi. We end the interview with some challenges of writing a biography. Gareth is a social scientist and senior lecturer at Brunel University. Besides Polanyi, his research interests include the political economy of the environment, the growth paradigm, the history of East Germany, the political economy of Eastern Europe, social movement theory, and international migration. Gareth has been working on Karl Polanyi for more than a decade. His research has resulted in several papers as well as the following four books on Polanyi, which are mentioned in the episode: Karl Polanyi: A Life on the Left. 2016. New York: Columbia University Press. Reconstructing Karl Polanyi: Excavation and Critique. 2016 London: Pluto Press. Karl Polanyi: The Hungarian Writings [edited volume]. 2016. Manchester University Press. Karl Polanyi: The Limits of the Market. 2010. Cambridge: Polity Press.
28 minutes | 3 years ago
Professor Annie Cot on the Master 2 program “Economics and Social Sciences: Epistemology, Methodologies and Theories” at the University of Paris I Panthéon-Sorbonne, Episode 7
Guest: Annie Cot, Université Paris 1 Panthéon-Sorbonne Hosted and produced by Juan Acosta, Camila Orozco-Espinel, and Erich Pinzón-Fuchs For this episode we interviewed professor Annie Cot, director of the Master 2 Économie et Sciences Humaines (épistémologie, méthodes, théories) at the University of Paris 1 Panthéon-Sorbonne. We talked about the origin and evolution of the Master, as well as the type of work that their students carry out and the academic environment that the faculty and PhD students provide. References: Recherche en Épistémologie et en Histoire de la Pensée Économique Récente (REhPERE) Master 2 Histoire de la Pensée Économique, Université Paris 1 Panthéon-Sorbonne
57 minutes | 3 years ago
Professor Medema on ‘ “Exceptional and Unimportant”? The Rise, Fall, and Rebirth of Externalities in Economic Analysis’ at the HPPE Seminar, Episode 6
Guest: Steven Medema, Distinguished Professor of Economics at the University of Colorado Denver Hosted and Produced: Christina Laskaridis This episode features the Historical and Philosophical Perspectives on Economics (HPPE) seminar at LSE with Professor Steven Medema on "Exceptional and Unimportant"? The Rise, Fall, and Rebirth of Externalities in Economic Analysis that took place on 8th November 2017. About the presenter: Steven Medema is Distinguished Professor of Economics and Director of CU Denver's University Honors and Leadership Program. His research focuses on the history of twentieth-century economics, and his current project analyzes the origins, diffusion, and controversies over the Coase theorem in economics, law and beyond. He co-edited the 2014 book, Paul Samuelson on the History of Economic Analysis: Selected Essays (CUP) with Anthony Waterman. His 2009 book, The Hesitant Hand: Taming Self-Interest in the History of Economic Ideas (Princeton), was awarded the 2010 Book Prize by the European Society for the History of Economic Thought. Professor Medema served as Editor of the Journal of the History of Economic Thought from 1999-2008 and currently serves as General Editor of Oxford Studies in the History of Economics (OUP). He is a member of the editorial boards of several history of economics journals and served as President of the History of Economics Society for 2009-10. About the Paper: Economists typically locate the origins of the theory of externalities in A.C. Pigou’s The Economics of Welfare (1920, 1932), where Pigou suggested that activities which generate uncompensated benefits or costs—e.g., pollution, lighthouses, scientific research—represent instances of market failure requiring government corrective action. According to this history, Pigou’s effort gave rise to an unbroken Pigovian tradition in externality theory that continues to exert a substantial presence in the literature to this day, even with the stiff criticisms of it laid down by Ronald Coase (1960) and others beginning in the 1960s. This paper challenges that view. It demonstrates that, almost immediately after the publication of The Economics of Welfare, economists largely stopped writing about externalities. On the rare occasions when externalities were mentioned, it was in the context of whether a competitive equilibrium could produce an efficient allocation of resources and to note that externalities were an impediment to the attainment of the optimum. When economists once again began to take up the subject of externalities in a serious way, the very real externality phenomena—pollution, etc.—that had concerned Pigou were not in evidence. Instead, the analysis was targeted at identifying how and why externalities violated the necessary conditions for an optimal allocation of resources in a competitive system. In short, externalities were conceived very differently in the welfare theory of the 1950s than they had been in Pigou’s treatise. It was only when economists began to turn their attention to environmental and urban problems that we see a return to a conception of externalities as real, policy-relevant phenomena—that is, to the type of externality analysis that had preoccupied Pigou and that characterizes the economic analysis of externalities today. Even then, however, the approach to externality policy was anything but straightforwardly Pigovian in nature. The history of externality theory is therefore not a history of a continuous tradition but of changing conceptions of externalities, framed by changing ideas about what economic theory is attempting to achieve. The paper can be downloaded here. About HPPE: The HPPE seminar series is organised by PhD students at the Economic History Department at LSE established by Gerardo Serra and Raphaelle Schwarzberg in 2012. The seminar brings together scholars from different disciplines to discuss the evolution of economic thinking and embraces topics from Ancient Greece...
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