Season 8 - Episode 5 - Jayati Ghosh

Season 8 - Episode 5 - Jayati Ghosh

From Economics In Ten by Economics In Ten

September 1, 2025 · 1h 33m · Season 8 · Episode 5

About this episode

The episode explores the economic theories of Jayati Ghosh and the implications of monopolized economic thought.

In standard economic theory monopolies are generally seen as leading to "sub-optimal outcomes" (they are bad!). However in their own discipline one could argue we have seen one particular approach to economics dominate over recent decades. Is this sub-optimal? One economist in particular, Jayati Ghosh, would argue yes, and point to the negative impacts of having just one "voice" dominate theoretical and policy discussions. The work of Jayati Ghosh highlights irony and suggests that through this monopolisation, economics finds itself in a situation where few new ideas can emerge that might work more effectively than the current offer, especially in a time of rampant inequality, stagnant growth and global warming. As an Asian, female economist, Ghosh offers a different perspective to many Western economists. She has done some outstanding work focusing on the area of unpaid care work but it doesn’t stop there with numerous and substantial contributions to both macro and microeconomics, particularly in the development sphere. In this fifth episode of season 8 of their award winning podcast, your friendly neighbourhood economists, Pete and Gav explore one of Kate…

People in this episode

Hosts: Pete, Gav

Guest: Jayati Ghosh

Topics covered

  • monopolies in economics
  • pluralism in economic theory
  • unpaid care work
  • inequality
  • global warming

Keywords

  • economics
  • monopoly
  • inequality
  • Jayati Ghosh
  • pluralism
  • unpaid care work
  • global warming

Mentioned in this episode

Books & works: James Bond theme

Places: India

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