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Double Header - Luke Petach on *Spatial Keynesianism* and Daniele Tavani on Secular Stagnation

Double Header - Luke Petach on *Spatial Keynesianism* and Daniele Tavani on Secular Stagnation

FromReviving Growth Keynesianism


Double Header - Luke Petach on *Spatial Keynesianism* and Daniele Tavani on Secular Stagnation

FromReviving Growth Keynesianism

ratings:
Length:
138 minutes
Released:
Aug 2, 2021
Format:
Podcast episode

Description

This week we've brought you a double feature! First we talk to Luke Petach about his article on "Spatial Keynesianism." Macroeconomic policy was, at its inception, methodologically nationalist, and Keynesian policies fostered income convergence all across the US as poor regions caught up to wealthier ones. We talk about how that worked and why it ended.Then we bring on his co-author and former adviser, Daniele Tavani to talk about the post-Keynesian tradition, its differences with the Marxian economic tradition, and how they might be brought together again under the rubric of secular stagnation. Along the way we discuss Italy's unique place in the post-Keynesian tradition, and Piketty's contribution to the profession.The first ep ends and the second picks up @55:25.*** LINKS ***Follow Luke on twitter @LPetachRead "Spatial Keynesian policy and the decline of regional income convergence in the USA" here: https://academic.oup.com/cje/article-abstract/45/3/487/6145995Read "Income shares, secular stagnation and the long-run distribution of wealth" here: https://onlinelibrary.wiley.com/doi/abs/10.1111/meca.12277Read "Aggregate Demand Externalities, Income Distribution, and Wealth Inequality" here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3855763Find more of Luke's papers here: https://scholar.google.com/citations?user=NUZzlFEAAAAJ&hl=enExplore Daniele's work here: http://www.danieletavani.com/Other papers mentioned: Ganesh Sitaraman, Morgan Ricks & Christopher Serkin, "Regulation and the Geography of Inequality" https://dlj.law.duke.edu/article/regulation-and-the-geography-of-inequality-sitaraman-vol70-iss8/Manduca, "How National Income Inequality in the United States Contributes to Economic Disparities Between Regions" https://equitablegrowth.org/how-national-income-inequality-in-the-united-states-contributes-to-economic-disparities-between-regions/Nathan, "The Nationalization of Proposition 13," https://www.jstor.org/stable/418699Kaldor, "The Case for Regional Policies," https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1467-9485.1970.tb00712.xVerdoorn's law, https://en.wikipedia.org/wiki/Verdoorn%27s_lawNakamura and Steinsson, "Fiscal Stimulus in a Monetary Union: Evidence from US Regions" https://www.aeaweb.org/articles?id=10.1257%2Faer.104.3.753
Released:
Aug 2, 2021
Format:
Podcast episode

Titles in the series (24)

A podcast about economic thought from the mid-20th Century, and why it matters for us today.