Professor Christian Parenti on Odd Lots Podcast: Industrial Policy and the Forgotten Side of Alexander Hamilton

“Thanks to the blockbuster musical, Alexander Hamilton has become a modern cultural icon. He’s known as an architect of the federal system, building out a strong government with the capacity for both borrowing and spending. But there’s another side of his vision that doesn’t get as much attention, and that’s his belief in the importance of state-directed investment to build out a domestic manufacturing industry. Basically, he was an early advocate for industrial policy. Given that the US is currently in a phase of building out domestic manufacturing capacity in various areas, it’s time to go back and look at the history of these efforts in the US. We speak with Christian Parenti, a professor at John Jay College in New York, and the author of Radical Hamilton: Economic Lessons from a Misunderstood Founder, about this other side of Hamilton, and the economic context in which he developed this vision.”

Podcast Link.

Professor Christian Parenti: The Human Reality Behind the Border Crisis

“More importantly, none of the current rhetoric will change the
underlying economic and demographic realities. In the face of
falling birth rates and an aging population, we remain politically
unable to imagine transformative pro-natalist policies because those
would likely threaten the prerogatives of big business while
requiring cuts to the military budget and tax increases on the rich. Under
such conditions, immigration becomes a social and economic
imperative. America isn’t doing charity work by accepting
immigrants. Quite the opposite, the national economy benefits from

Full article published on Compact.

November 15: A Debate on Green Industrial Policy and Global Overcapacity

For decades, mainstream opinion and policymakers agreed that the organization of production was best left to markets and private businesses. Bidenomics promises a decisive turn away from this neoliberal consensus. The renewed interest in industrial policy in the US (and elsewhere) suggests a larger and more active role for the state in organizing economic activity. While as recently as the Obama administration, it was widely believed that a carbon tax was all that was needed for the green transition, the focus now has shifted toward direct public support for the green economy. 

Can the new green industrial policy live up to its promises? Can a surge of public money and green investment generate a sustained economic boom? Or are there deeper structural constraints on growth, which these kinds of measures can’t overcome? Will higher investment in the US simply undermine competing industries elsewhere? Can Bidenomics’ partial break with economic orthodoxy help advance a socialist project? Or does that require a more decisive break with the existing order? 

Aaron Benavav,
Syracuse University

J.W. Mason,
John Jay College


November 15, 2023
7:00 PM
John Jay College
Room 9.64 NB

Open to the Public

Recent Writing on Green Industrial Policy and Global Overcapacity