Whowhatwhy's Podcasts

RadioWhoWhatWhy: Capitalism Without Capital

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Sinopsis

It’s always scary to hear a Wall Streeter utter the hackneyed phrase, “this time it’s different.” And yet today it really is. Especially the economic conditions that make up the operating system for today’s world. As markets ride a roller coaster this week, as the political environment is heavily focused on international trade and tariffs on manufactured objects like cars and jeans, the reality is that all of this is yesterday's way of looking at the economy. This, according to Jonathan Haskel, who is a member of the Bank of England’s rate-setting Monetary Policy Committee (the equivalent of the US Federal Reserve), a professor of economics at Imperial College London, and the director of the school’s doctoral program. He has also taught economics at the London Business School, the Tuck School at Dartmouth, and the Stern School of Business at New York University. Haskel explains in this week’s WhoWhatWhy podcast that, while people once invested in things that grow (in the agrarian age) or in things that could