Part 1: Click here to download  this podcast in MP3 format.

‘Yes, economists warrant rock stars status,’ confirms Professor Fernando DePaolis of Monterey Institute of International Studies. Policy Pace hostess Paula LeRoy encourages the development economist to discuss various issues hotly debated as solutions to the worldwide recession. In Part 1, the disputed effectiveness of austerity measures, growth goals, debt default, foreclosure, import substitution and capitalism are some of the theories investigated.

Click here to download Part 2.

In Part 2, Professor DePaolis comments on ideological fervor and income inequality in response to Paul Buchheit’s theory that ‘wealthy people don’t deserve their wealth.’ Although creating a fairer tax system is desirable, DePaolis emphasizes the importance of government responsibility for infrastructure investment, such as education and to make favorable conditions for the market. Economic solutions advocated by Richard B. Reich in Future Shock fare better in the discussion, although noted for the difficulty in implementing them. To sum up, DePaolis sheds some light on the supply and demand theory, the concept of rationality, and describes his desire for his students in entering their chosen fields.

Click here to download Part 3.

In Part 3, Professor Fernando DePaolis offers a sneak peak into two of his latest research projects and findings. One project measuring the impact of  Monterey Agriculture was conducted with Professor Jeff Langholtz. A separate project on the effect of trade liberalization on the transformation of the financial system in China, was conducted with Professor Robert McCleery.

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