03 October 2012

Economic Roundtable Discussion: L. Randall Wray, Michael Hudson, and William K. Black


This is a radio show with the formidable title, 'Post Keynesian Economics' that is a very interesting discussion amongst Randy Wray, Mike Hudson, and Bill Black of the University of Kansas City, a bright light of thought in the economics profession.
Find out why the dynamics of private sector are essential to understanding the economy. Plus, we’ll discuss government transparency and accountability. If you're just little rusty on your economic theory and policy, join us at the table for the perfect refresher course.
The moderator, Jabulani Leffall, does a remarkably good job keeping the discussion on track, and managing the flow of questions from callers in to the radio show. I was astonished at how informative and listern friendly it was.

It discusses many current issues in the economy without getting too preoccupied with the economic school of thought and models beauty contests that seem to occupy so much economic discussion, turning them into snoratoriums for non-specialists.

It is a little wonkish at the beginning, but it broadens out quickly to a practical discussion of real, current things. I credit the moderator for this, as well as the three professors who are known as 'economic mavericks,' e.g. not on the corporate financial payrolls, which is a problem with other economic departments as illustrated in the documentary Inside Job.

Economics Roundtable - Post Keynesian Economics

You don't see these three economists on the mainstream media very often, which is a shame. But they aren't representing any corporate interests, so that is probably why they are not so popular on the corporate controlled media.

I enjoyed listening to it over a cup of coffee. It was remarkably pertinent to the real world, which is refreshing amongst economic discussions amongst three professors of economics.