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The "What is Money?" Show

An Examination of Economic Value, Power, and Trust with Denise Hearn (WiM154)

The "What is Money?" Show

Robert Breedlove

Bitcoin, Breedlove, What Is Money, Investing, Rabbit Hole, Cryptocurrency, Money, Finance, Education, Robert Breedlove, History

4.8710 Ratings

🗓️ 10 March 2022

⏱️ 138 minutes

🧾️ Download transcript

Summary

Economist Denise Hearn joins me for an in-depth conversation that delves into the many faces of the economy and value—we discuss the slippery definitions of wealth, cognitive awareness, and how these concepts relate to the individual.

Transcript

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0:00.0

Hey, everybody. Welcome to The What Is Money Show. I'm sitting down today with Denise Hearn, who is the co-author of The Myth of Capitalism.

0:17.8

And she also has an excellent substackack under the, published under the title embodied

0:23.1

economics. Denise, it's been a long time coming. Welcome to the show. Yeah, thank you so much.

0:29.5

And technically it's actually a ghost, not a substack, which I probably made the mistake of going

0:36.2

with ghost because, you know, there's no functioning comment sanction.

0:39.3

But it's, yeah, anyways, thank you. I'm excited to be here.

0:45.3

Yeah, the ghost is the more decentralized option, right?

0:49.3

It's a nonprofit. Yeah, I had seen a couple of other folks that moved over from Substack, so I gave it a try.

0:57.3

Very cool. Yeah, it's pretty good. It's pretty good. But, you know.

1:02.0

So we're going to look at some of your writing today, in particular three pieces that I read, did some highlighting on.

1:11.0

There's a lot of, a lot of juicy topics to talk about.

1:14.0

Before we jump into that, probably be useful for my audience for you to just give like a one

1:18.9

or two minute highlight of what you're working on, what you do.

1:23.9

Because I know you mentioned offline.

1:25.3

There's some things you're working on there that are pretty interesting.

1:28.4

So if you would.

1:30.9

Yeah, yeah, sure.

1:31.8

So the book that you referenced, The Myth of Capitalism came out in 2018.

1:37.1

And in it, we tried to understand what are some of the structural drivers of inequality,

1:42.2

where wages, you know, divorcing from

1:44.6

productivity. And our research really led us to the conclusion that industry concentration

1:50.3

and, you know, concentrated industries, monopolies and oligoplies were at the time a sort

...

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