Uploaded September 2026 | Updated September 2026, 2 weeks ago
Get access to The Backroom (100+ exclusive episodes of 1Dime Radio) on Patreon: patreon.com/OneDime
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.
You can listen to 1Dime Radio on Spotify, Apple Podcasts, or wherever you get podcasts.
Timestamps:
0:00 The Backroom Preview: Nationalist Internationalism
4:50 Peter Ryan Intro and the Forgotten Left-Economics 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 Hamilton, Lincoln, & American Protectionism
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: youtube.com/channel/UCfRArvBl7O7AuQFtTTKaUCw
* Ryan Research Substack: ryanresearch.substack.com
* Ryan Research website: ryanresearch.co
* Our previous conversation, “Critiquing Left and Right”: ryanresearch.substack.com/p/critiquing-left-and-right-tony-chamas
BOOKS DISCUSSED:
* Roman Szporluk, Communism and Nationalism: Karl Marx Versus Friedrich List
books.google.com/books?id=8BfoCwAAQBAJ
* Friedrich List, The National System of Political Economy
oll.libertyfund.org/titles/lloyd-the-national-system-of-political-economy
* Ha-Joon Chang, Kicking Away the Ladder: Development Strategy in Historical Perspective
anthempress.com/books/kicking-away-the-ladder-pb
* Ha-Joon Chang, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
hajoonchang.net/writings
PETER RYAN ON THE CAREY SCHOOL:
* “The Carey Project Launch”
ryanresearch.substack.com/p/the-carey-project-launch-partnered
* “Rent Is a Symptom, Not the Disease: A Careyist Review of Economic Rents”
ryanresearch.substack.com/p/rent-is-a-symptom-not-the-disease
RELATED ESSAY:
* “Nationalist Internationalism: The Case for Nationalism Beyond the Nation-State”
1dimereview.substack.com/p/nationalist-internationalism
FOLLOW 1Dime:
* 1Dime Radio YouTube channel: youtube.com/@1DimeRadio
* Substack: 1dimereview.substack.com
* X/Twitter: https://x.com/1DimeOfficial
* Instagram: instagram.com/tonyof1dime
* Main 1Dime YouTube channel: youtube.com/@1Dimee
Leave a like, comment, and subscribe. Give 1Dime Radio a 5-star rating on Spotify, Apple Podcasts, or wherever you listen.
Get access to The Backroom (100+ exclusive episodes of 1Dime Radio) on Patreon: patreon.com/OneDime
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.
You can listen to 1Dime Radio on Spotify, Apple Podcasts, or wherever you get podcasts.
Timestamps:
0:00 The Backroom Preview: Nationalist Internationalism
4:50 Peter Ryan Intro and the Forgotten Left-Economics 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 Hamilton, Lincoln, & American Protectionism
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: youtube.com/channel/UCfRArvBl7O7AuQFtTTKaUCw
* Ryan Research Substack: ryanresearch.substack.com
* Ryan Research website: ryanresearch.co
* Our previous conversation, “Critiquing Left and Right”: ryanresearch.substack.com/p/critiquing-left-and-right-tony-chamas
BOOKS DISCUSSED:
* Roman Szporluk, Communism and Nationalism: Karl Marx Versus Friedrich List
books.google.com/books?id=8BfoCwAAQBAJ
* Friedrich List, The National System of Political Economy
oll.libertyfund.org/titles/lloyd-the-national-system-of-political-economy
* Ha-Joon Chang, Kicking Away the Ladder: Development Strategy in Historical Perspective
anthempress.com/books/kicking-away-the-ladder-pb
* Ha-Joon Chang, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
hajoonchang.net/writings
PETER RYAN ON THE CAREY SCHOOL:
* “The Carey Project Launch”
ryanresearch.substack.com/p/the-carey-project-launch-partnered
* “Rent Is a Symptom, Not the Disease: A Careyist Review of Economic Rents”
ryanresearch.substack.com/p/rent-is-a-symptom-not-the-disease
RELATED ESSAY:
* “Nationalist Internationalism: The Case for Nationalism Beyond the Nation-State”
1dimereview.substack.com/p/nationalist-internationalism
FOLLOW 1Dime:
* 1Dime Radio YouTube channel: youtube.com/@1DimeRadio
* Substack: 1dimereview.substack.com
* X/Twitter: https://x.com/1DimeOfficial
* Instagram: instagram.com/tonyof1dime
* Main 1Dime YouTube channel: youtube.com/@1Dimee
Leave a like, comment, and subscribe. Give 1Dime Radio a 5-star rating on Spotify, Apple Podcasts, or wherever you listen.
