On April 12, Robert Reich, U.S. Secretary of Labor (1993-97) and Chancellor's Professor of Public Policy at the University of California, Berkeley presented the Arrow Lecture in Ethics and Leadership.
Neither economists nor political scientists are terribly comfortable talking about power, but it can no longer be avoided. Widening inequality, the accumulation of record wealth at the top, and the tsunami of money into politics all make it necessary to discuss how the inequities of modern capitalism are compounding themselves -- as economic power translates into political power to alter the market in ways that advantage those at the top, which adds to their economic and political power. What's the endgame?
After his lecture, Reich was in conversation with Rob Reich (Political Science, Stanford University).