We still have quite a bit from last week to cover, so here we go:
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- Cover the topic of institutions and discuss chapter 3, “The Making of Prosperity and Poverty,” in Acemoglu, D. and Robinson, J.A. (2012) Why Nations Fail: The Origins of Power, Prosperity, and Poverty. New York: Crown Business.
- “Economic Systems,” chapter 1 in Magnuson, J. (2011). Mindful economics: how the US economy works, why it matters, and how it could be different. Seven Stories Press.
- Review of Dependence Theories
- Modified Core-Periphery Model and Corporate Dependency
- Declassified US planning documents: Memo PPS23 by George Kennan: Policy Planning Staff Files, Memorandum by the Director of the Policy Planning Staff (Kennan) to the Secretary of State and the Under Secretary of State (Lovett), TOP SECRET, [Washington,] February 24, 1948.
- Crozier, Huntington, & Watanuki (1975). “The Crisis of Democracy,” Report on the Governability of Democracies to The Trilateral Commission. New York University Press.
- Phongpaichit, P. (2016). Inequality, wealth and Thailand’s politics. Journal of Contemporary Asia, 46(3), 405-424.
- Milton Friedman, “The Social Responsibility of Business is to Increase its Profits,” The New York Times Magazine, 13 Sep 1970.
- Taylor Tepper, “Milton Friedman On The Social Responsibility of Business, 50 Years Later,” Forbes, 16 Sep 2020.
- Discuss chapter 2, “The Pentagon-CIA Archipelago,” in Chomsky, N. & Herman, E. S. (2015, 1979) The Political Economy of Human Rights Vol I: The Washington Connection and Third World Fascism. London: Pluto Press.
- Chomsky on Human Rights and US Aid (8:20-15:25); Post-WWII “Grand Area” planning – evolution of US foreign policy and evolution of ideology created by intelligentsia (15:34-28:33); Domestic debate on US foreign policy – orthodoxy (“state religion”) vs [tolerated] critics (realists or “doves”) (28:35-35:17); “Grand Area” – replacing British empire and French, Middle East – Saudi Arabian prize and Iranian coup (Mossaddegh), defense against internal aggression – militarily and ideologically (35:27-45:36); Propaganda systems in totalitarian states and democratic states; “The Crisis of Democracy” (45:38-56:55).
- Cover the topic of institutions and discuss chapter 3, “The Making of Prosperity and Poverty,” in Acemoglu, D. and Robinson, J.A. (2012) Why Nations Fail: The Origins of Power, Prosperity, and Poverty. New York: Crown Business.
- For next week:
- “Constructive Terror,” sections 4.1-4.3 in Chomsky, N. & Herman, E. S. (2015, 1979) The Political Economy of Human Rights Vol I: The Washington Connection and Third World Fascism. London: Pluto Press.
- Video: John Pilger (2001) “New Rulers of the World” [Indonesia model]
- Discussion questions
Optional, for those who would like more details about Sen’s “capabilities approach”: