Macro N Cheese

Clint Ballinger is an economic geographer, a path he followed in search of answers to what he calls fundamental questions of political economy. Why did the Industrial Revolution occur in England and western Europe? What is the reason for the radically uneven distribution—radically unequal material well-being—around the world? It exists not only between countries, but within countries. As listeners to this podcast know, economics departments aren’t teaching this stuff.Modern economists take money out of the equation. How absurd is that?“You have incredibly complex mathematical models being developed all through the forties, fifties, sixties... but they don't discuss all the things about money that matter. Because as we learned in 2008, they didn't even have money or a banking system in their equations, basically. So that's a huge problem.…Regardless of how you get it, once you have some kind of basic monetary unit, everything that comes after that in a monetary production economy is what got ignored.”Steve and