Stigler Center
Stigler Center
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Joseph Stiglitz's Vision of a New Progressive Capitalism
In the last 60 years, few economists have contributed more to exposing the failures of capitalism than Joseph Stiglitz. Formerly the chief economist of the World Bank and chair of the U.S. Council of Economic Advisers under President Bill Clinton, Stiglitz won the Nobel Prize in Economics in 2001 for his work showing that the possibility of having different information can lead to inefficient market outcomes.
On this episode of Capitalisn't, Stiglitz joins Bethany and Luigi to discuss his latest book, "The Road to Freedom: Economics and the Good Society" (W.W. Norton, 2024). The book, as Bethany describes it, is a "full frontal attack on neoliberalism" that provides a prospective roadmap towards a more progressive form of capitalism. Together, the three discuss the role of mis- and disinformation in producing market inefficiencies, the importance of regulation, institutional accountability, and collective action in correcting market failures, and the role of neoliberalism in today's global populist uprising. In the process, they underscore the close link between economic and political freedom.
Переглядів: 499

Відео

Capitalism-Was: What Happened to the American Dream? With David Leonhardt
Переглядів 44414 днів тому
Is the famed American Dream still attainable for the immigrants and working class of today? What made America the land of opportunity - and if it isn't the same anymore, what happened to it? Joining co-hosts Bethany and Luigi to discuss these questions is David Leonhardt, Pulitzer Prize-winning journalist and author of "Ours Was the Shining Future." In his book, Leonhardt describes what he call...
The Money Behind Ultra-Processed Foods, with Marion Nestle
Переглядів 346Місяць тому
Critics of the food industry allege that it relentlessly pursues profits at the expense of public health. They claim that food companies "ultra-process" products with salt, sugar, fats, and artificial additives, employ advanced marketing tactics to manipulate and hook consumers, and are ultimately responsible for a global epidemic of health ailments. Companies are also launching entirely new li...
Minicourse: Can Antitrust Save Democracy? Insights from Europe
Переглядів 72Місяць тому
Two interrelated lunch seminars led by Maciej Bernatt (University of Warsaw) in this minicourse investigate the relationship between competition (antitrust) law and democracy, with a focus on media markets. It relies on the experiences of EU countries that have experienced democratic backsliding to examine whether merger review by competition agencies can help preserve competitive media markets...
Minicourse: Can Antitrust Save Democracy? Insights from Europe
Переглядів 42Місяць тому
Two interrelated lunch seminars led by Maciej Bernatt (University of Warsaw): This minicourse investigates the relationship between competition (antitrust) law and democracy, with a focus on media markets. It relies on the experiences of EU countries that have experienced democratic backsliding to examine whether merger review by competition agencies can help preserve competitive media markets ...
The Economics of Student Protests
Переглядів 413Місяць тому
Over the last few weeks, university politics has captured headlines as students across the country occupy sections of their campuses and demand that their schools divest from Israel in protest of its contentious war in Gaza. Last week for Compact Magazine, Luigi and Nobel Laureate Oliver Hart stressed (www.compactmag.com/article/the-protesters-are-right-about-transparency/) that one lesson from...
Debate: The Proper Role of Economics in Merger Review
Переглядів 2762 місяці тому
Moderator: Deni Mantzari, University College London Eric Posner, University of Chicago Carl Shapiro, University of California Berkeley About the Conference In 2017, the Stigler Center embarked on an ambitious project to reinvigorate the discussion of concentration and monopoly in the United States, starting with the conference Is There a Concentration Problem in America? Six years later, our 20...
Filippo Lancieri, 2024 Antitrust and Competition Conference (Closing Remarks)
Переглядів 252 місяці тому
About the Conference In 2017, the Stigler Center embarked on an ambitious project to reinvigorate the discussion of concentration and monopoly in the United States, starting with the conference Is There a Concentration Problem in America? Six years later, our 2023 Conference addressed the future of antitrust enforcement beyond the Consumer Welfare Standard-and there was broad academic agreement...
This Conference is NOT Funded by Big Tech
Переглядів 1942 місяці тому
The growing push for AI regulation increases the demand for independent expertise that can help governments set the right standards. At the same time, Big Tech is spending significant resources to influence stakeholders: from the funding of academic conferences and university departments to the extensive hiring of Ph.D. students to the strategic placement of aides in Congress and regulatory age...
How Much Does Antitrust Enforcement Affect Productivity Growth?
Переглядів 2162 місяці тому
How Much Does Antitrust Enforcement Affect Productivity Growth? At last year’s conference, Chad Syverson (University of Chicago) asked whether there are good measures of the long-term effects of antitrust enforcement on productivity growth-in particular through the invention and diffusion of general-purpose technologies. Providing better answers to this question is the goal of the first half of...
The End of the Beginning for the Antimonopoly Movement?
Переглядів 2952 місяці тому
The End of the Beginning for the Antimonopoly Movement? The end of the first term of the Biden administration ushers the potential conclusion to a once-in-a-generation shift toward stronger antitrust enforcement. Has the antimonopoly movement achieved its political and intellectual apogee, or is this merely the end to the beginning of the movement? If the latter, where does it go from here? Cri...
Is Private Credit In The Public Interest? with Jim Grant
Переглядів 3712 місяці тому
The meteoric rise of private credit over the last decade has raised concerns among banks about unfair competition and among regulators about risks to financial stability. Historically, regulated banks have provided most of the credit that finances businesses in the United States. However, since the 2008 financial crisis, banks have restricted their credit lines in response to new regulations. I...
Antitrust Case Studies: Microsoft
Переглядів 1852 місяці тому
The litigation against Microsoft was another hallmark of U.S. antitrust enforcement in high-technology markets. This panel brings together three experts connected with the litigation-a plaintiff attorney, a defense expert, and a technical expert in charge of implementing the imposed remedies-to discuss the long-term impacts of that case, as well as what lessons (if any) it offers for today’s li...
Antitrust Case Studies: AT&T & IBM
Переглядів 3502 місяці тому
Antitrust Case Studies: AT&T & IBM
Antitrust Case Studies: Google
Переглядів 1752 місяці тому
Antitrust Case Studies: Google
Regulatory Competition, the DMA and Competition
Переглядів 1352 місяці тому
Regulatory Competition, the DMA and Competition
Filippo Lancieri, 2024 Antitrust and Competition Conference (Opening Remarks)
Переглядів 442 місяці тому
Filippo Lancieri, 2024 Antitrust and Competition Conference (Opening Remarks)
How (Not) To Regulate AI: Challenges and Opportunities
Переглядів 1412 місяці тому
How (Not) To Regulate AI: Challenges and Opportunities
Privacy, Property Rights and the Diffusion of AI
Переглядів 1642 місяці тому
Privacy, Property Rights and the Diffusion of AI
Thomas Miles, 2024 Antitrust and Competition Conference (Welcome Remarks)
Переглядів 762 місяці тому
Thomas Miles, 2024 Antitrust and Competition Conference (Welcome Remarks)
Jonathan Kanter and Lina Khan, with Guy Rolnik: 2024 Antitrust and Competition Conference (Keynote)
Переглядів 6562 місяці тому
Jonathan Kanter and Lina Khan, with Guy Rolnik: 2024 Antitrust and Competition Conference (Keynote)
The Quest for Next: How Antitrust Shapes Competition and Innovation in Computers and Chips (Keynote)
Переглядів 3042 місяці тому
The Quest for Next: How Antitrust Shapes Competition and Innovation in Computers and Chips (Keynote)
Digital Empires: The Global Battle to Regulate Technology
Переглядів 2182 місяці тому
Digital Empires: The Global Battle to Regulate Technology
Ralph Nader's Capitalism
Переглядів 3182 місяці тому
Ralph Nader's Capitalism
The New Business Of News, with Ben Smith
Переглядів 2442 місяці тому
The New Business Of News, with Ben Smith
The evolution of competition policy, with Luigi Zingales
Переглядів 713 місяці тому
The evolution of competition policy, with Luigi Zingales
Poverty in America: Terrible Scourge or a Measurement Error?
Переглядів 4063 місяці тому
Poverty in America: Terrible Scourge or a Measurement Error?
Why We Need to Professionalize #influencers, w/ @annenbergschool's Emily Hund. #capitalisnt #shorts
Переглядів 883 місяці тому
Why We Need to Professionalize #influencers, w/ @annenbergschool's Emily Hund. #capitalisnt #shorts
When a Few Financial Institutions Control Everything, with John Coates
Переглядів 2903 місяці тому
When a Few Financial Institutions Control Everything, with John Coates
Is Short Selling Dead? With Jim Chanos
Переглядів 8694 місяці тому
Is Short Selling Dead? With Jim Chanos

КОМЕНТАРІ

  • @intellectually_lazy
    @intellectually_lazy 4 дні тому

    who are "most" citizens? what is our society? and who and what are not these things?

  • @intellectually_lazy
    @intellectually_lazy 4 дні тому

    progressive capitalism? idk, the capitalism keeps putting the kaibash on the progressive

  • @psikeyhackr6914
    @psikeyhackr6914 5 днів тому

    I asked a PhD economists to explain how an automobile engine worked. He couldn't even start, but he drove a white SUV. What do economists say about planned obsolescence and the depreciation of durable consumer goods? What is Net Domestic Product, NDP? Karl Marx used the word 'depreciation' 35 times in the first two volumes of his major work. Where is the data on the annual depreciation of automobiles since Sputnik?

    • @intellectually_lazy
      @intellectually_lazy 4 дні тому

      why would you expect an economist know that?

    • @psikeyhackr6914
      @psikeyhackr6914 4 дні тому

      @@intellectually_lazy I knew that before I graduated from grammar school. How many billions of dollars are spent buying new cars every year? How much is spent repairing cars every year? Watch television for 2 hours. Count the number of commercials related to cars. Do cars have something to do with economics? Try finding an economist talking about the Depreciation of automobiles.

  • @psikeyhackr6914
    @psikeyhackr6914 5 днів тому

    GDP is Grossly Distorted Propaganda There was this dude named Adam Smith who wrote this book *Wealth of Nations.* He used the word 'education' Eighty Times in that book. If you search the book for "read, write" you will find multiple instances of "read, write and account". One would think that he would be in favor of mandatory accounting in the schools but what Western country has done that since WWII? The economic cattle are only supposed to moo. They might make decisions to serve their own best interests if they knew accounting. They are supposed to believe in the "Invisible Hand" so Milton Friedman could slap us around with it. Smith's use of that term can be counted on one finger.

  • @adamhustler3639
    @adamhustler3639 6 днів тому

    @25:00-26:00 .. did my poli Sci ma on the revolving door and conflicts of interest laws. It's atrocious what goes on with that kind of corruption.

  • @DMMdLikhon
    @DMMdLikhon 6 днів тому

    Hello sir, I visited your UA-cam channel. Your video quality is very good.♥️ Your channel has a lot of viewers. But there are some problems in your UA-cam channel which if solved will increase the number of views and subscribers on your channel. Can I share your channel problems?

  • @jonstatt
    @jonstatt 12 днів тому

    He uses the word "salience" a lot. Fancy way of saying "consequences". Argues that greater consequences wouldn't necessarily be a deterrent. I disagree. Send 'em to the pen surrounded by violent, hardened convicts to get turned out and/or shanked... These white collar criminals will think twice before doing anything that even remotely risks even the perception of misconduct, much less criminality.

  • @Sinawamgod
    @Sinawamgod 15 днів тому

    First to move is gay

  • @johnkelly7725
    @johnkelly7725 16 днів тому

    It's harder to understand without seeing the slides.

  • @imperialmotoring3789
    @imperialmotoring3789 18 днів тому

    Do you mean immigrants or illegals? Every illegal must be deported.

  • @Sinawamgod
    @Sinawamgod 19 днів тому

    Oh dang it’s you

  • @rollinkendal8130
    @rollinkendal8130 20 днів тому

    Me too, I close my eyes and I can't see capitalism anymore.

  • @adamhustler3639
    @adamhustler3639 20 днів тому

    @3:45 .. in a way, more middle class and upper middle class people should be leading the charge for us low wage workers because we are the ones making so little that we don't have the time to go out and protest for weeks on end. They should listen to the low wage workers, but being so low wage, we have to keep working to pay the bills. I'd love to go protest but i literally can't afford to without risking the loss of my housing.

    • @imperialmotoring3789
      @imperialmotoring3789 18 днів тому

      Good point. All of these spoiled college kids can protest because they don't have lives. And to think they want us to pay their school loans!

  • @adamhustler3639
    @adamhustler3639 20 днів тому

    Life long low wage warehouse and factory worker here, on the left on social issues, hello!! Do I care if you're trans, no. Do I care if you don't give a shit about living wages for warehouse workers because we're easily replacable "low skill" workers, yes. And if that's what you believe, you can f right off.

  • @adamhustler3639
    @adamhustler3639 21 день тому

    @21:20 .. the wiki page says 89 from 2002 to 2008, which means over 300 from 2009 to 2016 .. crazy increases

  • @adamhustler3639
    @adamhustler3639 21 день тому

    @36:45 ... Exactly!!

  • @adamhustler3639
    @adamhustler3639 21 день тому

    @36:00 .. I just find it hard to believe that Vivek would be the kind to support government action to limit corporations in a non hypocritical way. He runs in politics as a republican. While I can easily see him voting to limit companies ability to make money through "wokism", would he do the same thing for say, religion? I find it hard to believe he would.

  • @adamhustler3639
    @adamhustler3639 21 день тому

    @18:10 .. but can you call it hypocrisy if they are just catering to the culture they're in in order to maximize their profit, which he just said is ok? Or is using contradictory values in their marketing depending on the culture they are in one of the ways companies shouldn't be allowed to maximize profit?

  • @adamhustler3639
    @adamhustler3639 Місяць тому

    That class survey Luigi did is super depressing. How can there be hope for a better kind future market when this is how at least half of the future business people are thinking?

  • @adamhustler3639
    @adamhustler3639 Місяць тому

    Right off the bat, based on that intro snippet, my initial question would be ... Do I really have a freedom to leave a job or choose a job if, after leaving that job to look for a new one, I run the risk of losing housing and the like if I can't find a new compatible job in due time?

  • @adamhustler3639
    @adamhustler3639 Місяць тому

    @16:10 ... This elevator analogy confuses me. Who is moving up as the economy moves up? @16:25 ... "If you get on it, the escalator's moving up because growth in the economy and productivity" .... then how does he explain stagnate wages???? I read all kinds of stories of peoples dads starting a certain job at a certain wage 40 years ago, and them starting the same job now at the exact same wage with no adjustments for the 40 years of inflation and increased productivity. That analogy is BS. Now, if he wants to take that analogy, and add the aspect of people trying to run up that escalator while pushing and shoving other people clean off, then we may be a little closer to a more accurate analogy.

  • @imperialmotoring3789
    @imperialmotoring3789 Місяць тому

    Socialism is evil.

  • @camillecruzfit
    @camillecruzfit Місяць тому

    ua-cam.com/video/EvcLyhR7ZkE/v-deo.htmlsi=D8uN4dlYHKM7t9UU

  • @camillecruzfit
    @camillecruzfit Місяць тому

    This interview with a student after a chaotic night with police and while still holding the line against them is why U of Chicago is seen as such a stellar academic institution…If he’s suspended or charged with criminal trespassing the faculty should have his back. He is the best advertisement for your University’s ability to create critical thinking and ethical citizens…DIVEST and get a new President. Cal Berkeley and Stanford have handled these protests 100 percent better. Of course at Stanford, the Grandmas are in the encampments also🤓 San Francisco State’s President has visited the encampment there and held open meetings to the public and agreed to have transparency in their investment portfolios. My older son is graduating from UCSC and they would rather call in Netanyahu himself than riot police…peaceful kids and lots of teach ins going on with faculty and speakers. My younger son at Cal Poly Humboldt had a complete disaster of this semester. Small group had a sit in in the admin bldg….which they have historically done before since Vietnam War protests. New President called in the riot police and the kids barricaded themselves in the bldg. campus shut completely down…classes cancelled, graduation on campus cancelled. 2 weeks standoff ending with a caravan of officers driving 300 miles from San Francisco. It was only then that I found out the President who gets paid almost $600,000.00 a year…has lived in Southern CA over 500 miles away and hadn’t been on campus for months! A seasoned high school principal could have holed up with those kids in a sleeping bag and listened and made some concessions that made them feel like they had some power for constructive change. Absolutely insane that college presidents aren’t on campuses. It’s like the university is a corporation like a hedge fund offering classes on the side for extra $🤨 ua-cam.com/video/EvcLyhR7ZkE/v-deo.htmlsi=D8uN4dlYHKM7t9UU

  • @AhjosuCas
    @AhjosuCas Місяць тому

    I think Luigi was sympathetic this episode

  • @houdini592144
    @houdini592144 Місяць тому

    Pretty incredible that Gamestop could be mentioned so many times without anyone bringing up the fact that it was shorted 140% of it's float by recidivist short sellers. The dissemination of "noise" aka short & distort campaigns was also glazed over nonchalantly. I wish you would have spent more time discussing "the reasonable belief" that recidivist short sellers can "locate" a stock. That "reasonable belief" leads us to another correlated topic; rehypothecation & the creation of what's known as a "synthetic share". When you combine abusive short selling with the creation of synthetic shares it in effect temporiarily adds shares to the float that were never authorized by the company. Supply & demand becomes egregiously distorted favoring the sell side. Now add market makers that pay for retail order flow using Bernie Madoff's PFOF & combine that with the fact that those market makers are also operating hedge funds...no conflicts of interest or front running could possibly going on, right? I'll leave you with a quote from Melissa Lee of CNBC's Fast Money said live on air regarding Gamestop, "Naked shorts, yeah"....

  • @thinktankdonahue
    @thinktankdonahue Місяць тому

    The two knuckleheads are dangerous anti-corporate populists.

  • @bellaanis7157
    @bellaanis7157 2 місяці тому

    🤝🏻

  • @bellaanis7157
    @bellaanis7157 2 місяці тому

    🤝🏻

  • @mohammadwasilliterate8037
    @mohammadwasilliterate8037 2 місяці тому

    *The firm’s assets have shrunk to less than $200 million from about $8 billion in 2008. Chanos, 65, will continue to run his firm, mostly investing his personal capital but also managing money for certain clients in separately managed accounts.* Chanos lied about Tesla being a fraud and got burned, it's that simple, and he lost a lot of money, am surprised nobody has take a shot at him.*

  • @mohammadwasilliterate8037
    @mohammadwasilliterate8037 2 місяці тому

    *FRAUD IS WHAT JIM CHANOS DOES TO HIS INVESTORS.* Jim Chanos simply takes bets on the fact 2/3 of new businesses will fail, he places his investors funds across the market based on that fact.

  • @mohammadwasilliterate8037
    @mohammadwasilliterate8037 2 місяці тому

    *Jim Chanos was ignorant of Tesla, his investors paid a huge price for his ignorance.*

  • @mohammadwasilliterate8037
    @mohammadwasilliterate8037 2 місяці тому

    *Imagine if Jim Chanos invested just $1 Billion of his $6 Billion fund into Tesla shares?*

  • @bellaanis7157
    @bellaanis7157 2 місяці тому

    🤝🏻

  • @raywest3834
    @raywest3834 2 місяці тому

    Always interesting to hear from Jim Chanos.

  • @RyanFeatherston
    @RyanFeatherston 2 місяці тому

    Thank you Ralph for speaking the truth when the establishment and their talking points do not like or want to hear it.

  • @opensky6580
    @opensky6580 2 місяці тому

    A very biased interview.

  • @benqurayza7872
    @benqurayza7872 2 місяці тому

    Nader's third-party candidacy in 2000 sabotaged the country. He offered nothing essentially different from Gore-Lieberman.

    • @RyanFeatherston
      @RyanFeatherston 2 місяці тому

      +Benjamin Qurayza Your comment is Scapegoating.

  • @MrUdayNarainPandeySharadNPande
    @MrUdayNarainPandeySharadNPande 2 місяці тому

    If Father if holiday then in law

  • @MrUdayNarainPandeySharadNPande
    @MrUdayNarainPandeySharadNPande 2 місяці тому

    3 University of. Dash Dash Dash. 2 University of THIS AND THAT. 1 UNIVERSITY A LA UNIVERSALE.

  • @Rob-fx2dw
    @Rob-fx2dw 2 місяці тому

    A very fruitful discussion and worthwhile input from Mt Cochrane which everyone should be taking notice of instead of pushing politically subservient called theories that like MMT that are easily clearly false.

  • @Rob-fx2dw
    @Rob-fx2dw 2 місяці тому

    Yes - MMT is an absolute fairytale - a fantasy belief that is underpinned by false observations and very poor thinking that is illogical. The evidence for me saying that includes their money story where MMt says taxes put value into and get acceptence of the money and the historical evidence itself in economies where inflation has rendered the money worthless there were taxes in all of them yet at the same time the money became worthless and rejected by their own governments and others. Taxes and worthless money is the indisputable fact that demonstrates taxes do not put any value into money and any conclusions that are drawn from that false belief that they do are therefore logicaly false. Additionally if the taxes made money more valuable then higher taxes would make it more valuable but there is no consistency of evidence of increased money value in countries where taxes have increased.

  • @john-lenin
    @john-lenin 2 місяці тому

    18:00 Ha ha ha ha ha! This Cochrane *** wipe knows the Capitalist tune to sing. Anytime someone points out a flaw in Capitalism - all you have to do is cry INFLATION!. But he's right. We don't need to borrow money. All we need to do is take it from capitalist stooges like him.

    • @Rob-fx2dw
      @Rob-fx2dw 2 місяці тому

      One of the most badly thought out ideas that has been around in some people's minds for almost eternity. I guess you are drawn into that belief because you are unaware of or don't understand that all of the designated sovereign money of countries today is credit backed by debt. It is all borrowed just like private bank loans are created alongside an equivalent amount of debt.

    • @john-lenin
      @john-lenin 2 місяці тому

      ​@@Rob-fx2dw Thanks for Capitalist Stooge perspective! Money isn't backed by anything. And it only has value when it is SPENT to allocate resources. All you're doing is jerking off to the fake system that guarantees you'll stay in your place.

  • @john-lenin
    @john-lenin 2 місяці тому

    So Cochrane is too ***** to realize the government doesn't need to borrow money?

  • @john-lenin
    @john-lenin 2 місяці тому

    Cochrane isn't as stupid as his **** eating grin makes him look. He knows that Debt is the big Lie of Capitalism. And it's the main way the scum who pay his salary milk the poor and middle class.

  • @john-lenin
    @john-lenin 2 місяці тому

    Thanks for the **** eating m****n perspective!

  • @sudahb
    @sudahb 2 місяці тому

    Funny how you guys lament the state of journalism but ignore the overt leftwing bias of most 'journalists' or how seldom they admit when they are wrong ( Hunters laptop, if you like your doctor, etc)....I wonder why journalistic credibility is in the toilet and normal Americans have such contempt for journalism?🤔

  • @balloonredd
    @balloonredd 2 місяці тому

    thanks for this

  • @user-oj6so3wx7w
    @user-oj6so3wx7w 2 місяці тому

    👍👍👍

  • @Edge-of-thinking
    @Edge-of-thinking 3 місяці тому

    kevin murphy is a real trouble maker😂. interesting conversation, I wish more people were watching.