Age of Economics: in the first part of this project a diverse group of global thinkers answers 8 fundamental questions about economics and capitalist civilization. (Interview number 18)

0:00 Prologue
01:31 Intro
01:50 1. Why does economics matter?
04:55 2. What are the differences between economic science and economic engineering?
08:09 3. What role does economics play in society? Does it serve the common good?
16:25 4. Economics provides answers to problems related to markets, efficiency, profits, consumption and economic growth. Does economics do a good job in addressing the other issues people care about: climate change and the wider environment, the role of technology in society, issues of race and class, pandemics, etc.?
19:23 5. As we live in an age of economics and economists – in which economic developments feature prominently in our lives and economists have major influence over a wide range of policy and people – should economists be held accountable for their advice?
21:29 6. Does economics explain Capitalism? How would you define Capitalism?
25:55 7. No human system to date has so far been able to endure indefinitely not ancient Egypt or Rome, not Feudal China or Europe, not the USSR. What about global Capitalism: can it survive in its current form?
28:00 8. Is Capitalism, or whatever we should call the current system, the best one to serve the needs of humanity, or can we imagine another one?

About Mark Blyth
Scottish. Economist, author, William R. Rhodes Professor of International Economics at Brown University

Blyth grew up in Dundee, Scotland. In 1991, Blyth received a Walker Bequest award from the University of Strathclyde and a Scottish International Educational Trust Award for Study in the United States. He eventually became a US citizen. Blyth received a BA in political science from the University of Strathclyde in 1990. He went on to receive a MA in political science in 1993, an MPhil of political science in 1995, and a PhD in political science in 1999 from Columbia University. In 1997, Blyth joined the faculty of Johns Hopkins University as an assistant professor of political science. From 2005 to 2009, he was an associate professor of political science at Johns Hopkins. In 2009, Blyth became a professor of international political economy at Brown University’s Department of Political Science. Since 2014, he has been the Eastman Professor of Political Economy as part of a joint appointment at Brown University’s Watson Institute for International Studies and the Department of Political Science. As of 2020, Blyth is the William R. Rhodes ‘57 Professor of International Economics and Director of the Rhodes Center for International Economics and Finance at Brown University.

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Interview by William Hynes

Music: J.S. Bach, from The WellTempered Clavier. Kimiko Ishizaka, piano. Video by Fabio Dondero