The Big Money Myths (w/ Arjun Jayadev and JW Mason)

Money is both a concrete thing and an abstract measure. If you only look at money as an abstract measure, as traditional economists have done for centuries, you'll miss out on the real role that money plays in our society. The decisions of governments, corporations, and everyday people are influenced by money, and understanding this is helpful in understanding what's driving the decision making that's ultimately leading to a worsening climate crisis. While discussing the new book "Against Money" by Arjun Jayadev and JW Mason, we explore a variety of topics such as John Maynard Keynes' early objections to economists' treatment of money, the fuzzy math behind the measurement of inflation and GDP, and even the fallout between Trump and Federal Reserve Chairman Jerome Powell.

Arjun Jayadev is professor of economics and director of the Center for the Study of the Indian Economy at Azim Premji University in India. JW Mason is associate professor of economics at John Jay College, City University of New York.

You can purchase "Against Money" here: https://press.uchicago.edu/ucp/books/book/chicago/A/bo265118979.html

Please consider becoming a paid subscriber to our newsletter/podcast, The Climate Weekly, to help support this show. Your contributions will make the continuation of this show possible.

Our music is "Gotta Get Up" by The Passion Hifi, check out his music at thepassionhifi.com. Rate, review and subscribe to this podcast on iTunes, Spotify, and more! Subscribe to our YouTube channel.