Mark Pennington (@kaleidicworld) 's Twitter Profile
Mark Pennington

@kaleidicworld

Professor of Political Economy at King's College London; Post-modern Austrian political economist, Foucault Fan, Hayek Fan, classical liberal individualist

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calendar_today04-07-2023 18:39:17

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Stiglitz never appears in public with economists who challenge him. Here, Vernon Smith calls him out for making the very same errors that Stiglitz falsely accuses others of making, i.e. staying inside his own theoretical bubble, and ignoring new evidence. tinyurl.com/4yy34uh9

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The print version is out in June but Foucault and Liberal Political Economy is now available online at Oxford Academic via your library. tinyurl.com/47rxfadp

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'Rationality' is an empty and idle term until the data available to the individual are specified ...Economics has gravely and greatly misled itself by a tacit belief that rational self interest is as simple a basis of prediction as the laws of physical motion. GLS Shackle

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Instead of 'post-liberalism' we need a 'post-modern liberalism' that rejects rationalist technocracy and embraces spontaneous order, epistemic pluralism and inter-jurisdictional competition. This has always been a vital thread in liberalism but one vanquished by the

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Debate about planning bureaucracy holding back UK growth often sounds as if it is a newish problem - but it isn't. My published PhD thesis found that between 1960 -1991 real terms expenditure on town and country planning increased 700%- but the number of applications processed by

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As 'global governance' liberalism retreats it is time to embrace a bottom up liberalism founded on polycentric governance and institutional competition. This vision of a Hayekian international order was set out beautifully by Razeen Sally in 1998: tinyurl.com/e6rftk4r

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In the UK, we need so many more people like this wonderful woman standing up for the very basic value of not trashing the space in which others live. It isn't asking much not to throw your rubbish out of the car window. Too many people just can't be arsed.

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Looking forward to this - liberalism, properly understood is creative destruction not the rigid routine of Rawls's 'well-ordered society.'

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This is an excellent place to discuss some crucial questions in social theory and public policy. What are the implications for human freedom of thinking in terms of complexity theory? Is cybernetics a force for increasing choice or for controlling it? How do choice and freedom

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A key insight from Ludwig Lachmann is that capital is heterogenous and lumpy, not smooth homogenous and interchangeable -so finding successful capital combinations is often a slow process. This applies as much to human/ social capital as it does to physical capital. One of the

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If you've read Quinn Slobodian's 'Crack-Up Capitalism' you should read this from Andries Kerpestein. It offers a compelling vision of proprietary governance and reformulates the political-economic theory central to such a case. Quinn will hate it: tinyurl.com/23ut74ct

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Highly recommended. Political theorists interested in a political economy informed 'realist political theory' will profit from engaging with it.

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I'll be speaking about the case for a 'post-modern liberalism' at this Vinson Centre event on July 7. A great line up including Deirdre McCloskey, Paul Dragos Aligica, and Phil Magness. Sign up here: tinyurl.com/bdh5junv

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It was fun to appear on Fabio Rojas's Temple of Sociology podcast speaking about Foucault and Liberal Political Economy. Just 2 weeks before it is unleashed on the world. Podcast link here: tinyurl.com/mtwdayxn

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Bryan Cheang is doing superb work to question the 'missionary state.' These arguments need to be heard - and Mariana Mazzucato and the like should be willing to debate him. He knows their arguments inside out.