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Capitalism and Development

30 minutes
First broadcast:
Wednesday 28 April 2010

"Capital is the lifeblood that flows through the body politic of all those societies we call capitalist, spreading out, sometimes as a trickle and other times as a flood, into every nook and cranny of the inhabited world", writes David Harvey, the world's most cited academic geographer. He gives Laurie a radical critique of what governs that flow of capital and what causes the crises which, he claims, will increasingly disrupt that flow with alarming rapidity. Modern economics has buried its head in detail but ignored the systematic character of capital flow, he claims, and it is time for a restore an understanding of how capital works.
Also on Thinking Allowed is the Cambridge development economist Ha-Joon Chang. In his analysis the detailed global programmes on international development amount to little more than poverty reduction, and the rich world is keeping the less developed countries poor in the name of free trade.

  • David Harvey

    David Harvey, Distinguished Professor of Anthropology at the City University of New York (CUNY), Director of The Center for Place, Culture and Politics

    The Enigma of Capital and the Crisis of Capitalism
    Publisher: Profile Books
    ISBN-10: 1846683084
    ISBN-13: 978-1846683084

    Find out more about David harvey
  • Ha-Joon Chang

    Dr Ha-Joon Chang, Reader in the Political Economy of Development, Faculty of Economics, University of Cambridge

    'Hamlet without the Prince of Denmark: How development has disappeared from today’s ‘development’ discourse'
    by Ha-Joon Chang
    in Towards New Developmentalism: Market as Means rather than Master
    S. Khan & J. Christiansen (eds.)
    Publisher: Routledge, Abingdon, 2010 (forthcoming).

    Find out more about Ha-Joon Chang


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    Thinking Allowed

    Laurie Taylor explores the latest research into how society works and discusses current ideas on how…

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