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The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism
18 January 2023, 6:30 pm–8:00 pm
Join us to hear Dr Clara E. Mattei, Assistant Professor in Economics at The New School for Social Research, New York City, discuss her new book The Capital Order. This talk will be chaired by IIPP’s Prof Mariana Mazzucato with Dr Alberto Botta as discussant followed by questions from the audience.
This event is free.
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In this talk, Dr Clara E. Mattei will discuss her new book The Capital Order, published in November 2022. For more than a century, governments have resorted to the economic policies of austerity—rise in interest rates, privatisation, cuts to wages and public benefits. While these policies have been successful in appeasing creditors, they’ve had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favoured policy among troubled states, an important question remains: What if solvency was never really the goal? In The Capital Order, Clara E. Mattei explores the origins of austerity to uncover its core function: the protection of capital—and indeed capitalism—in times of social upheaval from below. Drawing on newly uncovered archival material from Britain and Italy, much of it translated for the first time, The Capital Order offers a damning and essential new account of the rise of austerity—and of modern economics—at the levers of contemporary political power.
- Presenter: Dr Clara E. Mattei
- Chair: Prof Mariana Mazzucato
- Discussant: Dr Alberto Botta
This in person event will take place at 11 Montague Street, London, WC1B 5BP.
This event is now fully booked. If you would like to join us online please register for Zoom via the link here.
Read more about the IIPP Research Seminar Series 2022-23
About the Speakers
Dr Clara E. Mattei
Assistant Professor in Economics at The New School for Social Research in New York City
Prof Mariana Mazzucato
Founding Director and Professor in the Economics of Innovation and Public Value at UCL Institute for Innovation and Public Purpose
She is the author of three highly-acclaimed books: The Entrepreneurial State: Debunking Public vs. Private Sector Myths (2013), The Value of Everything: Making and Taking in the Global Economy (2018) and most recently Mission Economy: A Moonshot Guide to Changing Capitalism (2021). She advises policymakers around the world on innovation-led inclusive and sustainable growth. Her current roles include being Chair of the World Health Organization’s Economic Council on Health for All and a member of the South African President’s Economic Advisory Council, the Scottish Government’s Council of Economic Advisors, and the United Nations High-level Advisory Board (HLAB) on Economic and Social Affairs, among others. More about Prof Mariana Mazzucato
Dr Alberto Botta
Associate Professor in Economics at University of Greenwich
