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EP PODCASTSXML

February 6, 2009

Goodbye "Old Normal," Hello "New Normal"

Predator State coverThe Obama administration, with the possible exception of President Obama himself, doesn't yet seem to have people able to think outside the economic box. It's not so much a question of their good faith, but whether their mental maps suffice. To get a sense of where we are and where we should be going I turned to Dr. James K. Galbraith, the brilliant and original political economist. His latest book, The Predator State, is a must-read and, however unorthodox his ideas, they belong in the foundation of new, progressive economic paradigms. It was very kind of James to talk with me and I learned a lot. Total runtime an hour and twenty minutes. Listen twice.

Listen

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Comments

A dynamite interview — you guys did very well for so early in the morning! Galbraith's ideas are lucid and challenging. He provides some interesting perspectives on the origin of the current crisis that go deeper than some of the other analyses I've read, including Joseph Stiglitz. His argument for Obama to make a bigger fiscal stimulus are particularly compelling.

I agree, a great and deeply scary conversation. It is a privilege to listen in on an in depth conversation with Galbraith. For me, the diminished jobs package extruded by the congressional process is already a disappointment. On the other hand, it is a start.

Thanks George.

A Wrangler?! Really?

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