22. Anwar Shaikh: Starting Off on The Wrong Foot. Is Economics Predicated on The Wrong Basic Assumptions?
Professor Anwar Shaikh is a heterodox professor of economics whose book Capitalism: Capital, Conflict, Crisis is our main topic of discussion.
We go down a fascinating road on his main thesis that what drives capitalism and its cyclical nature can be explained by intrinsic forces such as the profit motive for corporations.
This, as opposed to the current orthodox view that the rational actor, who care only about their consumption, makes the world go round in a sense.
The talk encompasses subtopics ranging from his background as a social activist to how his theory of capitalism differs from orthodox theory, to how the lay person should view capitalism.