Note: this interview was broadcast on the WGBH public radio affiliate WCAI, on the Cape and Islands!
What is the right expression to describe today’s economic nightmare? I’m sick of “mess” and “crisis” is too bland. What about “cesspool”? Well, I compromised with “pits” — feel free to add your own juicy descriptions in ThoughtCast’s comments section!
Either way, I dived into the “pool” with MIT’s Mitsui Professor of Economics James Poterba, who’s also the head of the National Bureau of Economic Research, the think tank in charge of determining when recessions start … and end. Wouldn’t that be nice? Headlines proclaiming the “end” of this rather inordinate business cycle.
Are these ups and downs indeed just a part of capitalism’s inevitable booms and busts? Ought we to accept them as natural, rather than resist them? Or ought we to scrap the “system” and rebuild? You tell me…
But first, listen to this: 
(15:30 minutes).
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Whither the European Union? This is not a question we (in America) often ask ourselves. But perhaps we should. As we now live in an era of borderless commerce – and threats – it might be wise for us to know a bit more about how our key ally, Europe, is faring. Is the EU more than just a powerful economic bloc? Does it have political clout as well? What about a common foreign policy, and the means to back it up?
Amartya Sen, the distinguished economist, philosopher, Nobel laureate and Harvard professor, talks with ThoughtCast about “Identity and Violence: The Illusion of Destiny.”