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Mark Pennington
@Kaleidicworld
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Professor of Political Economy at King's College London; Post-modern Austrian political economist, Foucault Fan, Hayek Fan, classical liberal individualist
Upholland and London
Joined July 2023
@MRJKilcoyne It is everywhere - people now routinely pull up near where I live, have a MacDonalds and then just put the left overs in the gutter. The whole country is covered in rubbish.
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@SohrabAhmari @FeserEdward Yes - we had them in 1970s Britain. Some UK supermarkets such as the Coop are consumer coops today and have been since they were founded - but they aren't known for giving better performance than share-holder enterprises.
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Absolutely - and according to Hayek, ' Nobody can be a great economist who is only an economist, and I am even tempted to add that the economist who is only an economist is likely to become a nuisance, if not a positive danger.'
Karl Marx and Adam Smith surely had their differences, but they approached economics in a similar way. They both understood that economics is not free of value judgements or moral questions. According to Marx and Smith, to be an economist is also to be a philosopher.
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But Foucault's account of power is a form of emergent order /spont order explanation -though he never uses that term. What he calls 'power' has no centre or headquarters. Rather it emerges as various techniques of control adopted in some venues get imitated, copied and transferred to others forming what looks like a semi-coordinated chain or network. This a big theme in my forthcoming book.
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@enzoreds Perhaps Enzo - but it is surely a matter of degree - some 'capitalisms' are far less 'crony' than others. See here:
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@BrandonWarmke Agreed Brandon - a consistently Hayekian position would favor incremental movements to more liberal borders rather than a 'shock therapy' approach.
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I think size is a factor - but so too are differences in history and culture. You can't compare outcomes in a country with a historical legacy of slavery and indigenous oppression and one which is now perhaps the most multi-cultural in the world -with a country that is as culturally homogenous as Denmark and to a lesser extent Switzerland.
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'The North' was built on free enterprise and could be again. It requires intelligent policy - improving transport links etc. between cities a la Northern Powerhouse. It doesn't help when commentators continually depict 'the North' as somewhere that can only 'prosper' as an adjunct of the welfare state. The real problem with 'Reform' is that they buy into that declinist narrative as much as Labour and the Conservatives.
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Peter Bauer's Dissent on Development is hugely relevant and underappreciated. The examples are from a different era but he shatters the twin forces of technocratic scientism in 'development economics' and the simplistic 'anti-economics' of much post-colonial theory in a way forever relevant. Oxfam should be sent a copy
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Some more details on my forthcoming lecture at LSE.
🔎 What are the implications of #MichelFoucault’s critical social theories for how we think about #freedom, power, and #justice? @Kaleidicworld will address this question in this upcoming event. #LSEEvents In person and online. See more 👇
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Here are two: managing complex interactions between different layers of governance to address challenges like climate change/adaptation in a situation where there is no one agency which knows which levers to pull. Limitations to AI owing to its inability to interpret patterns/data as opposed to picking out the relevant patterns.
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This looks like a terrific event. The entire debate over markets and states in development needs more nuance and this looks like providing some.
📢 Call for Papers: Complexity and Liberalism in Development Studies 📅 Dec 3-5, 2025 | 📍 LSE, STICERD We invite submissions for a symposium on complexity and liberalism in development. Travel & accommodation covered + honoraria for in-person presenters!
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@NowakPosadzy Perhaps - but we all have blind spots and that's the reason to have a conversation.
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