A superb lecture by Mark Blyth. He goes into the problems that capital and labor faced and the dynamics between the two. He explains why we had the good times in the 1950's and 1960's and what's gone wrong now. He also explains why the Scandinavian model works so well. The Scandinavians have the highest productivity but work shortest hours. Sounds like my sort of place.
Published on 1 Oct 2016
On September 21, 2016, the Fels Institute of Government and Lantern Theater Company hosted a conversation with Mark Blyth, the Eastman Professor of Political Economy at Brown University, whose YouTube videos denouncing austerity fiscal policies of the past several years have gone viral. Dr. Blyth is the author of several books, including Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century; Austerity: The History of a Dangerous Idea, and The Future of the Euro (with Matthias Matthijs).