Cutting Edge Issues in Development Thinking & Practice

Professor Ha-Joon Chang on Economics vs Science Fiction – what can each learn from the other?. The lecture is part of the LSE ID Cutting Edge Issues in Development Thinking & Practice series.

Show Notes

Economics and science fiction share many interrelations that are rarely recognised.

Firstly, a lot of economics is science fiction. Many economists believe in the fiction that they are practising ‘science’, while many also believe in the fiction that progress in ‘science’ (and thus technology) is the solution to virtually all economic problems. Saying that much of economics is science fiction doesn’t mean that science fiction itself is not useful for economics. It has been a powerful way to imagine alternative realities in which very different technologies have changed our institutions and even individuals, making us re-think our assumptions about economy and society. Extending this logic, we can say history is a dystopian science fiction even without memories of advanced technologies. Moreover, if studying history helps us to imagine other realities, so do comparative studies. In trying to understand the world, we can be immensely helped by science fiction, history, and comparative studies, because they allow us to see that the existing economic and social order is not a ‘natural’ one, that it can be changed, and, most importantly, that it has been brought about only because some people dared to imagine a different world and fought for it.

Speaker: Ha-Joon Chang, SOAS | Discussant: Sinéad Murphy, SRHE | Chair Dr Duncan Green, LSE

What is Cutting Edge Issues in Development Thinking & Practice?

These podcasts are recordings from the Cutting Edge Issues in Development Thinking & Practice lecture series 2023/24, 2022/23, 2021/22 and 2020/21, a visiting lecture series coordinated by Professor of Development Studies, Professor James Putzel and Dr Laura Mann.

The Cutting Edge series provides students and guests with fascinating insights into the practical world of international development. Renowned guest lecturers share their expertise and invite discussion on an exciting range of issues, from climate change policy, to pressing humanitarian crises. In 2020, the series took place online, enabling us to host fantastic speakers from around the world and to stream the lectures on YouTube, opening them up to a global audience. Now we are back in person but still recording the sessions to share with our global audience.