Professor Mark Blyth is a faculty fellow at the Watson Institute for International Studies.
We apologise for the sound quality on this video. There were problems with the feed at this event.
Political economist and YouTube sensation Mark Blyth argues that austerity policies are downright dangerous: they reward the architects of the crisis, create political instability and income inequality and almost always lead to low growth.
Do modern economies reward the extractors – not the creators – of economic value? Leading economist Mariana Mazzucato urges us to rethink how we determine value in our economy.