46. Why "progress" grew wealth, but didn't reduce poverty

Dr. Roemer is quite interesting, to say the least. He received his bachelor’s degree from Harvard and went to U.C. Berkeley for his graduate degree, but was suspended for his political activity against the Vietnam War. After spending time teaching, he would eventually return to Berkeley to finish his Ph.D. in economics in 1974. He is currently the Elizabeth S. and A. Varick Stout Professor of Political Science and Economics at Yale University, and a Fellow at the Econometric Society as well as the American Academy of Arts and Sciences. He has contributed to numerous economic journals on topics such as labor economics, political competition, and climate change. In addition to his journals, Dr. Roemer has published numerous books such as "Free to Lose," "A General Theory," and "A Future of Socialism." All revolve around inequality and its relation to the political economy. Together with Dr. Roemer, we discussed the rise of Bernie Sanders, issues with Marx’s Labor Theory of Value, and how redistribution can take the form of more than welfare programs. To check out more of our content, including our research, visit our website: https://www.hgsss.org/