Yesterday evening, TASC presented their annual lecture in the Royal Irish Academy with two highly noteworthy speakers, economist James K. Galbraith, Professor in Government/Business Relations at the Lyndon B. Johnson School of Public Affairs in the University of Texas, Austin and Professor Maria Rodrigues of the Institute of European Studies, Brussels Free University – IEE-ULB. The talk was chaired by Dr. James Browne, President of NUI Galway.
Yesterday afternoon however, while Professor Galbriath was trying to have his lunch in Buswells Hotel before a press briefing, I got a chance to talk to him about the current economic crisis, the Obama strategy for solving it, the continuing fall out from the banking crisis, why governments are reluctant to nationalize the big banks, and finally about the EU, and the erroneous perception that it’s labour market is more egalitarian then that of the US.
Here’s a first cut of the interview.
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Apologies in advance for a number of things: first, if Professor Galbraith’s voice sounds slightly muffled at points it because of the distorting effects of a roast beef sandwich; second, the cack-handed delivery of the questions. Fortunately, he was able to provide clear and precise answers to questions that were neither clear nor precise. Finally, the edit with the musical intro (from Fujiya Miyagi – Cassette Single) is a bit, well, you’ll notice when you listen. The file is about 22MB. Right click on the MP3 file and select Save As to download.
Articles referred to in the discussion include:
- No Return to Normal – James K. Galbraith, Washington Monthly
- Maastricht 2042 and the Fate of Europe: Toward Convergence and Full Employment. The European Paradox – James K. Galbraith, University of Texas Inequality Project
- Points made above are summarized by Galbraith in the National Journal economist’s forum
- It’s Finished – John Lanchester on the banking crisis, London Review of Books
- Ben Bernanke Calls for a Path to ‘Fiscal Balance’ – The New York Times
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