WatsonMedia presents Mark Blyth on Austerity from The Global Conversation on Vimeo.

From Brown University:

With governments formulating policies of austerity as the global economic crisis recedes, a new animated video short describes the thinking behind such policies as inherently flawed. Austerity features Faculty Fellow Mark Blyth, an international political economist whose views are captured by director Joe Posner ‘07.

Austerity is the first in a new media series being produced at the Watson Institute.

“In keeping with the Institute’s mission of producing research that addresses global problems, we want to make sure that we disseminate our findings in ways that can be well understood by people outside academic life,” according to Institute Deputy Director Geoffrey S. Kirkman ‘91. “We have launched this new series seeking to translate our faculty’s ideas in media-friendly ways. “

The basic idea is to pair Institute faculty with young media makers, letting them use the power of audio, video, and graphics to capture the crux of the arguments faculty are making.

“By bringing creative talent together with great academic work we think we can more effectively get our ideas out into mainstream public discourse,” Kirkman said. “We were pleased to harness the creativity of Brown University graduate and filmmaker Joe Posner.”

Blyth is writing a book, tentatively titled “Austerity: The History of a Dangerous Idea,” investigating the return to prominence of the idea of a financial orthodoxy following the global financial crisis. The book is forthcoming from Oxford University Press.

Category: Video

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5 Responses to “Austerity: The History of a Dangerous Idea”

  1. Jack Damn says:

    Great video. I wish more people understood the delusion of austerity.

  2. Pure-Water says:

    Very well produced video, but it’s interesting that he doesn’t give a solution to this mess. I presume he thinks government can keep on borrowing, to maintain spending levels, without any consequences.

  3. Joel50 says:

    The clearest and best presentation I have seen on this subject. The graphics and annimation are used beautifully to enhance the clarity of Blyth’s talk, rather than calling attention to themselves, and are seamlessly integrated with his hand gestures in a way that makes them appear to be simply a natural extension of his speech. This is first rate!

  4. Spike says:

    I think there’s a false choice presented here.
    I don’t think people mind increased spending as long as it’s invested wisely & productively. Paying for increased GS bonuses rankles.
    Secondly, here’s a novel idea about getting out from under the debt burden: cram down the debt. Mark assets to market, and mark liabilities down accordingly. Wipe out the bondholders and equity investors who didn’t do them homework rather than bailing them out. What can’t be paid off won’t be paid off, and the costs should not be socialized.

  5. super_trooper says:

    How did Austerity work for Japan the last 20 years?