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How Money Dominates Human Lives Everywhere / Arjun Jayadev

May 19
Episode 1907
 We know that there are certain things which we don't actually spend a lot of time on in terms of labor but which has value. So we kind of constantly make the mistake that nominal GDP or something is referring to some real values out there in the world as opposed to simply the nominal payments that go back and forth. But it's problematic in another way. It doesn't give money its due, which is as a talking stick, right? So when you think of money and what its actual value is, its value is in pushing human activity in one form or another. So on both ways, the kind of conflation of money and things is problematic and just mistaken.

Educator and author Arjun Jayadev joins This Is Hell! to talk about the new book published by The University Of Chicago Press that he co-wrote with J.W. Mason called “Against Money”, which talks about how money has gotten to dominate the lives of humans world wide as it become the most influential human creation.

Arjun Jayadev is professor of economics and director of the Centre for the Study of the Indian Economy at Azim Premji University in India. He has previously taught at the University of Massachusetts-Boston. He is also a Senior Economist at the Institute for New Economic Thinking. His research combines quantitative and theoretical analysis of Finance, Development, Political Economy and Intellectual Property. He is also a fellow at the Groundwork Collective. 

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Arjun Jayadev

 

Guest

Arjun Jayadev

Arjun Jayadev is professor of economics and director of the Centre for the Study of the Indian Economy at Azim Premji University in India. He has previously taught at the University of Massachusetts-Boston. He is also a Senior Economist at the Institute for New Economic Thinking. His research combines quantitative and theoretical analysis of Finance, Development, Political Economy and Intellectual Property. He is also a fellow at the Groundwork Collective.