UNTREF researcher Louise Bloom was the keynote speaker in the first of six sessions of the virtual teacher training seminar “Introduction to Political Economy 2024”.
07-06-2024
According to Lewis Bloom’s director, economic science is in constant variation and the theories that try to explain this phenomenon can be combined without losing their diversity, avoiding rejecting some to the detriment of others, because they all respond to cyclical quality. and the evolution of the market. “We note that there are many different theories and that the evolutionary cycle of the economy cannot be covered by a single theoretical explanation,” Bloom said at the conference titled. The birth of political economy in the framework of modernity. This activity was delivered by him and is part of the Post Graduate Diploma Program in History, Economics and Political Philosophy.
Likewise, the CIDED director clarified that many times the academy cannot give definitive answers about what is happening in the economic sector. “For example, in 2003, Robert Lucas, president of the American Economic Association and Nobel laureate, argued that markets are efficient when they have complete autonomy and, therefore, only perform poorly when politicians intervene through the state. The global crisis of 2008 contradicted this theory,” Bloom said.
In this sense, history and philosophy can contribute to and shed light on the controversy that reigns in the field of economics, since both history, philosophy and economics depend on human activities. According to him, understanding how the cycles of societies occur (history) and the theories that explain these phenomena (philosophy) allows us to advance economic behavior to a certain extent. History, philosophy and economics are three closely related spheres. “In these meetings, we will see how the emergence of new phenomena leads to the emergence of new sciences and theories that account for the relationships between different levels of society,” Bloom said.
The relationship between history, philosophy, and economics Bloom included philosophical concepts such as the Copernican revolution during his presentation to explain the different theories that could analyze the same phenomenon or science. In this sense, the Copernican Revolution introduced the idea that our senses and knowledge are subject to fundamental revisions and changes.
The dialogue conducted by the UNTREF professor was a constant back and forth between the signatories to the speech. In this conversation, it was argued that the same things are not always studied in economics, which is why the training of an economics student in the early 20th century was different from what they receive today. For example, a student who experienced the effects of the 1929 crash in the 1930s would not be as educated as one who observed the emergence of the free market in the mid-1990s.
The main objectives of the seminar are to analyze and discuss the relationship between business phenomenon, political economy and ideological conflict. Since the emergence of mercantilism, social, family and work relations have been disrupted, and changes in the political climate have been fueled by various theories. This activity, organized by UNTREF, helped to discuss this connection and to think about future economic, philosophical and political situations in the local context and internationally.
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