In the interview, Robert Skidelsky discusses the emergence of political influence of a certain school of economic thought and how the success of an economic theory depends on the power relations in the society. He introduces the historical example of Keynesian economics and its replacement by liberal economic theory and policy in the aftermath of the Great Depression, and transfers this historical case to the dominant paradigm of austerity policies in the Europe as response to rising public debts caused by the Financial Crisis. He contrasts austerity policies with a Keynesian approach. Furthermore, he relates the targets of policy to the underlying power structures, for example when not the reduction of unemployment but the protection of financial capital is politically addressed. 2015 Level: adelantado Economics and Political Power during the Crisis Robert Skidelsky INET Stiglitz answers the question why globalization and world trade has not delivered on its promise of increased well being as much as classical economists thought, by pointing to the power asymmetries: firstly, between industrialized nations and developing nations and secondly, between special corporate interest and social interests. In his analysis, developed countries and MNCs were able to extract the benefits, while shifting the costs (i.e. pollution) to states and communities with lesser power. Amongst many other historical examples the pharmaceutical and the mining industry are discussed to some length. 2013 Level: debutante Stiglitz on globalization, why globalization fails? The trade agreements Joseph Stiglitz - This article explores if power dynamics in the household can be changed, and if so, how. In this context the focus is laid on government childcare policy and its various channels of possible influence. Level: debutante How can childcare policy affect intra-household power dynamics? Francesca Sanders and Nina Schubert Exploring Economics The goal of this teaching pack by Economy Studies is to make students familiar with different visions for how the economy could be organised and enable them to critically reflect on such ideas. As future economic experts, it is important that they become aware of prominent proposals for reorganising the economy and practise how to deal with them. 2022 Level: debutante (Some) Visions for the economy - Economy Studies   Economy Studies