Written by John Lounsbury
In February, Jonathan Levy, Professor in the Department of History and the Committee on Social Thought at the University of Chicago, gave a lecture at Dartmouth College on the changes in American capitalism over the past four decades. He discusses how the uses of capital have changed drastically over that time and relates it to the broader historical events of the period.
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About Jonathan Levy, from The Department of History, The University of Chicago:
Professor of US History, Fundamentals, Social Thought, and the College
Associate Faculty Member, Law School
Faculty Affiliate, Center for the Study of Race, Politics, and Culture
Faculty Chair, Law, Letters, and Society
Senior Fellow, Society of Fellows in the Liberal Arts, the College
I am a historian of economic life and of the United States, with interests in the relationships among business history, political economy, legal history, and the history of ideas and culture. In addition to being a member of the Department of History and the John U. Nef Committee on Social Thought I am the current Faculty Director of the Law, Letters, and Society program.
My most recently completed book is Ages of American Capitalism: A History of the United States (Random House, 2021), which is a history of American economic life from British colonial settlement through the Great Recession. The book is also a single-volume history of the United States.
Much of my recent research has sought to place investment at the center of economic history and theory, and, relatedly, to contribute towards the creation of a “Keynesian” paradigm in economic history.
From YouTube:
Capitalism was in crisis around the world during the 1970s. The “Volcker Shock” of 1980, named after the chairman of America’s Federal Reserve Bank Paul Volcker, sought to reboot the global economy by drastically raising interest rates in order to end inflation. The policy was declared a success. But the outcome was also an economy defined by instability and inequality whose legacy continues to this day.
This 1 hour 13 minute program was sponsored by the Nelson A. Rockefeller Center and the Political Economy Project at Dartmouth College. There is a 3 minute introduction, followed by a 51 minute lecture, and concluding with Q&A for 22 minutes.
Source: YouTube
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