Eastman Professor of Political Economy Professor of Political Science and International and Public Affairs
Mark Blyth is a political economist whose research focuses upon how uncertainty and randomness impact complex systems, particularly economic systems, and why people continue to believe stupid economic ideas despite buckets of evidence to the contrary. He is the author of several books, including Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century (Cambridge: Cambridge University Press 2002, Austerity: The History of a Dangerous Idea (Oxford University Press 2013, and The Future of the Euro (with Matthias Matthijs) (Oxford University Press 2015)
Currently trying to stop talking about the macroeconomics of austerity but bad ideas never seem to go out of fashion so it's hard to stop. New projects on economic knowledge as a macro-structural property rather than as an individual property; why the Baby-Boomers constitute a threat to future prosperity and political stability; and why long and low inflation rates and interest rates are here to stay for much longer than we think.
“When is it Rational to Learn the Wrong Lessons? Technocratic Authority, Social Learning, and Euro Fragility,” Perspectives on Politics. Volume 16 (1) March 2018, pp. 110-126. doi:10.1017/S1537592717002171
This episode of On the Media looks at the story of money, from its uncertain origins to its digital reinvention in the form of cryptocurrency, and features political economist Mark Blyth discussing the history of money and how cryptocurrency could shape the future of money.
In a video interview at the Global Financial Markets Forum in Abu Dhabi, political economist Mark Blyth discusses Brexit negotiations, populism across Europe, tensions between the U.S. and North Korea, geopolitical risk and the upcoming election in Italy.
Mark Blyth, professor of international political economy, comments on the effictiveness of the low-wage economy in the UK. “There’s no way for labor to push up wages since no one goes on strike anymore and the unions are weak."