Showing posts with label David Harvey Capitalism Karl Marx Financial Crisis Keynes Minsky. Show all posts
Showing posts with label David Harvey Capitalism Karl Marx Financial Crisis Keynes Minsky. Show all posts

Sunday, July 4, 2010

David Harvey and The Crisis of Capitalism

(H/T Brad Delong's blog)


Every so often, something comes along in the blogosphere
that reaches out and grabs you to such an extent that
you just can't put it down.

And the short video lecture below by anthropologist and
"socioeconomist" David Harvey is one of those.

For those of you who haven't heard of Professor Harvey before,
he is Distinguished Professor of Social Anthropology at the
Graduate College of the City University of New York.
He has further made news as a leading theorist in the
emerging discipline of "Socioeconomics" - that is, that
economic events can be explained as much as a consequence
of social and anthropological norms as by mathematical
descriptions of "rational" behavior.

But, what makes his lecture fun to listen to is the unique
animation provided by the British Royal Society for
Animation that accompanies it.

Oh, and by the way, I need to warn you - Dr. Harvey is
a committed Marxist.

But if that doesn't bother you, I think you'll find that
his brief, 11- minute explanation of "The Crisis of Capitalism"
to be both cogent and comprehensive. And even though
The Thinking Nationalist is a firm believer in Capitalism
and Free Markets, I have yet to hear a better short explanation
of "What Happened To Us And Why" than this short piece.

Therefore, Dr. Harvey, the floor is yours: