Critical History Today: The Propensity to Hoard is Stronger than the Inducement to Invest: Capitalism after the Volcker Interest Rate Shock of 1980
Monday, February 11, 2019 at 6:00 pm
Room G529, 80 Fifth Avenue 80 Fifth Avenue, New York, NY 10011
The theme of Critical History Today builds upon our shared commitment to developing modes of historical analysis that speak to the urgent concerns of the present and promote rigorous engagement between history and other branches of the humanities and social sciences.
On February 11th, we will host Jonathan Levy - Professor of History and the Committee on Social Thought at the University of Chicago. Among the tasks for critical history today is the recovery of economic history. In his lecture: The Propensity to Hoard is Stronger than the Inducement to Invest: Capitalism after the Volcker Interest Rate Shock of 1980, Levy will draw from Keynes's theory of capital and his concepts of hoarding and speculation to explain the dynamics of global capitalism after the Volcker interest rate shock of 1980. Focusing on the United States, Levy will track the shift to a new regime of investment in liquid capital assets, as well as the patterns of instability and inequality in economic life that attended it.
Jonathan Levy is the author Freaks of Fortune: The Emerging World of Capitalism and Risk in America (2012) and the forthcoming Ages of American Capitalism. He is a co-editor of Critical Historical Studies.
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