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In this episode of 1Dime Radio, I am joined by Peter Ryan, founder of Ryan Research, to recover a forgotten tradition of political economy that refuses the usual choice between Marxism and free-market liberalism. We contrast Karl Marx with Friedrich List and Matthew and Henry Carey, trace economic nationalism from the American System to MMT and Ha-Joon Chang, and ask whether national sovereignty, protectionism, and state capacity offer a more practical path to development and anti-imperialism.
In The Backroom, the Patreon-exclusive segment, we expand this conversation across three additional episodes with Peter Ryan. We discuss nationalist internationalism and Arnold Toynbee’s theory of civilizational cycles; Henry Carey, rentierism, Marxism, and the Irish struggle for national liberation; and, in a nearly three-hour finale, the post-left/post-right convergence, the moral limits of markets, immigration, industrial policy, class coalitions, empire, and whether any populist project can escape establishment capture.
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Timestamps:
0:00 The Backroom Preview: Nationalism Against Imperialism
3:52 1Dime Radio Intro
4:50 Peter Ryan and the Forgotten Economic Tradition
15:07 Karl Marx Versus Friedrich List
22:57 MMT and the Forgotten History of Monetary Sovereignty
34:05 Beyond Libertarianism: Why State Capacity Matters
46:43 Who Controls the State?
57:02 Friedrich List and the Carey School
1:07:26 War, Industry, and America’s Protectionist Turn
1:15:50 Matthew and Henry Carey
1:27:27 Henry Carey, Lincoln, and Marx
1:34:06 Nationalist Internationalism and The Backroom
GUEST:
Peter Ryan is the founder of Ryan Research, where he writes and consults on economics, history, technology, and business strategy. His work has appeared in Compact, UnHerd, Gript, and other publications.
* Ryan Research YouTube channel: https://www.youtube.com/channel/UCfRArvBl7O7AuQFtTTKaUCw
* Ryan Research Substack: https://ryanresearch.substack.com/
* Ryan Research website: https://www.ryanresearch.co/
* Our previous conversation, “Critiquing Left and Right”: https://ryanresearch.substack.com/p/critiquing-left-and-right-tony-chamas
BOOKS DISCUSSED:
* Roman Szporluk, Communism and Nationalism: Karl Marx Versus Friedrich List
https://books.google.com/books?id=8BfoCwAAQBAJ
* Friedrich List, The National System of Political Economy
https://oll.libertyfund.org/titles/lloyd-the-national-system-of-political-economy
* Ha-Joon Chang, Kicking Away the Ladder: Development Strategy in Historical Perspective
https://anthempress.com/books/kicking-away-the-ladder-pb
* Ha-Joon Chang, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
https://hajoonchang.net/writings
PETER RYAN ON THE CAREY SCHOOL:
* “The Carey Project Launch”
https://ryanresearch.substack.com/p/the-carey-project-launch-partnered
* “Rent Is a Symptom, Not the Disease: A Careyist Review of Economic Rents”
https://ryanresearch.substack.com/p/rent-is-a-symptom-not-the-disease
RELATED ESSAY:
* “Nationalist Internationalism: The Case for Nationalism Beyond the Nation-State”
https://1dimereview.substack.com/p/nationalist-internationalism
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