#059 Test Those Theories

This week I am delighted to welcome to the show Jose A Tapia Granados, associate Professor in the Department of History and Politics in Drexel University. Originally trained as a medical doctor, Jose now specialises in the links between fluctuations in the economy and health conditions. He also is interested in purely economic issues, and is the co-author of the book ‘La Gran Recesión y el capitalismo del siglo XXI’ or ‘The Great Recession and capitalism of the XXI century’ in english. The interview is based upon a really fascinating paper of his I read recently called, ‘Does investment call the tune? Empirical evidence and endogenous theories of the business cycle’. In this paper, Jose looks at the different theories of crisis, in particular those of Keynes and Marx, and sees how they stand up when you test them against the historical empirical data. Very interesting stuff indeed.Here is the podcast's new YouTube channel, with all the episodes uploaded:https://www.youtube.com/channel/UCD63zXEPxFpl9Y0Vh8abp4AYou can find the paper here:http://sitemaker.umich.edu/tapia_granados/files/does_investment_call_the_tune_may_2012__forthcoming_rpe_.pdfYou can find his book here:http://www.amazon.co.uk/GRAN-RECESION-CAPITALISMO-DEL-SIGLO/dp/8483196115The music on this show was:‘The Order of the Pharaonic Jesters’ by Sun Ra and his Arkestra‘That's How It Works’ by The Retinas‘Hurricane’ by Ms Mr‘Forever And Ever’ by Demis Roussos