Debating the Nature of Capitalism with Professor Anwar Shaikh

On today’s episode John Papola talks to author, economist, and New School professor Anwar Shaikh. Anwar is a political economist whose work offers a synthesis of the economic analysis in Smith, Ricardo, Marx, and Keynes. He is also a well-known critic of neoclassical economics, particularly of the Theory of Perfect Competition. John and Anwar delve into many topics, such as the Theory of Perfect Competition, Say's Law of Markets, and the morality of advertising. The two agree on some things and deeply (but respectfully) disagree on others, making for a very entertaining and informative conversation. More from our guest: Website Curriculum Vita Wikipedia Page Amazon Author The New School Bio Twitter References from this episode: Economics by Paul A. Samuelson The Condition of the Working Class in England by Friedrich Engels Yesterday (film) The Pursuit (film)