Austerity as a destabilising assault on the New Deal institutions: A joint presentation by J.K. Galbraith & Y. Varoufakis (audio)

Yanis Varoufakis

A debate involving James K. Galbraith, Yanis Varoufakis and Jeff Sommers (in the role of moderator) took place on 24th February at the University of Wisconsin, Milwaukee in the context of the George Kennan Distinguished Lecture Series. An amateurish recording is available here. For ease of ‘navigation’, a list of topics (with their location on the recording’s timeline) is presented below.
  1. During the first 3′ minutes, J. Galbraith talks about George Kennan (given that the occasion was The Distinguished George Kennan Lecture Series).
  2. From 3’20» to 43’50» Y. Varoufakis and J. Galbraith discuss austerity: its intellectual and historical roots, the political motivation driving it in the US and in Europe and the general state of play in the US and Europe (including an intervention from Jeff Sommers on the Latvian experiment with austerity).
  3. Starting at 43’50» to 51′ we discuss  minimum wages , presenting the microeconomic, macroeconomic and social importance…

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