Fair Social Contracts (with Eric Beinhocker)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 29 November 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Human society is built on social contracts, but decades of neoliberalism have left many of our most fundamental contracts—worker power, social safety nets, trust in key institutions— in tatters. It’s no wonder that people are pissed off: without fairness, we can’t have cooperation, and without cooperation, we can’t have a strong economy… or a strong democracy. Can we restore the social contracts that served us so well, or has our sense of fairness been damaged beyond repair? Oxford economics professor Eric Beinhocker shares his latest research into the psychology and economics of cooperation. Eric Beinhocker is a Professor of Public Policy Practice at the Blavatnik School of Government and the Executive Director of the Institute for New Economic Thinking at the University of Oxford’s Martin School. Twitter: @EricBeinhocker, @INETOxford Fair Social Contracts and the Foundations of Large-Scale Collaboration https://www.inet.ox.ac.uk/publications/no-2022-26-fair-social-contracts-and-the-foundations-of-large-scale-collaboration INET Oxford https://www.inet.ox.ac.uk Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

Click on a timestamp to play from that location

0:00.0	Cooperation is the foundation of any prosperous society and to make that happen you need lots
0:07.3	of fairness in social relations.
0:09.3	I think it's a fair question to ask, well why are we talking about psychology on an
0:12.3	economics podcast and the answer to that is, is it the economy is people?
0:16.6	So you're saying Nick that if you get all the grapes and the rest of us just get those
0:20.5	nasty cucumbers, we're not all going to cooperate with you as well as if you shared some
0:26.2	of those grapes.
0:27.2	Correct.
0:28.2	From the home offices of civic ventures in downtown Seattle, this is pitchfork economics
0:37.9	with Nick Hanauer, the best place to get the truth about who gets what and why.
0:48.9	I'm Nick Hanauer, founder of Civic Ventures.
0:52.4	I'm David Goldstein, senior fellow at Civic Ventures.
1:01.0	This is the first time we've had a chance to chat since the midterm elections Nick wasn't
1:07.6	nearly as bad as we expected, wasn't?
1:10.2	No, definitely got to admit that I'm pretty elated and you know, I mean by rights this
1:17.9	should have been a wipe out and it wasn't, right?
1:21.6	And I think there's a bunch of reasons that it wasn't a wipe out and the principal one
1:27.2	being, well, let's let's be honest, the Republican Party is devolved into a bunch of nut jobs
1:36.0	and reasonable people are not that into it.
1:38.6	It's actually shocking that they got as many votes as they did.
1:42.5	The other reason for the democratic success in this cycle is the unambiguous reality of
1:52.1	substantial accomplishments in the first in the first couple of years.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Civic Ventures, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Civic Ventures and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.