Episode 33 · 2020-08-24 · 37:56 · Original in Finnish
Security policy, the euro and NATO | Vesa Kanniainen | Negotiator 33
Originally published as “#neuvottelija 33 - Turvallisuuspolitiikka EU:ssa, euro ja NATO (Vesa Kanniainen)”
Vesa Kanniainen, emeritus professor of economics, examines Finland's permanent security deficit and why he considers EU membership one of the most significant post-war security decisions the country has made — even though he is best known as a euro critic. The episode covers a game-theoretic reading of the YYA treaty, the NATO option and the price of exercising it as shared responsibility for the Baltics, the costs of the common currency and the parallel-currency idea, and Kanniainen's work at the boundary of morality and economics from Adam Smith to Vernon Smith.
Watch and listen
Key moments
- 00:00 — NATO needs Finland more than Finland needs NATO
- 02:00 — The security review and a game-theoretic reading of the YYA treaty
- 04:00 — Federation theory and fiscal federalism
- 06:00 — Good institutions as a precondition for federation
- 08:00 — Euro-scepticism and EU support are two different things
- 10:00 — Finland's security deficit and the scale of the EU
- 12:00 — Conscription and defence spending as a share of GDP
- 14:00 — Is NATO membership still a big step
- 16:00 — Shared responsibility for the Baltics as the price of membership
- 18:00 — The NATO option and the case for not exercising it
- 20:00 — The costs of the common currency and floating rates
- 22:00 — Returning to national currencies is not easy
- 24:00 — Poland and Sweden manage with their own currencies
- 26:00 — A constitution, institutions and defining power in the EU
- 28:00 — Poland and Hungary as recipients of the recovery package
- 30:00 — Where the work on morality started: the ethics of layoffs
- 32:00 — Evolutionary background, altruism and cooperation
- 34:00 — Adam Smith and Vernon Smith — two Smiths
- 36:00 — The institutional layer and a deepening model of the human being
Summary
Vesa Kanniainen, emeritus professor of economics, examines Finland’s permanent security deficit and why he considers EU membership one of the most significant post-war security decisions the country has made — even though he is best known as a euro critic. The episode covers a game-theoretic reading of the YYA treaty, the NATO option and the price of exercising it as shared responsibility for the Baltics, the costs of the common currency and the parallel-currency idea, and Kanniainen’s work at the boundary of morality and economics from Adam Smith to Vernon Smith.
Chapters
- 00:00 — NATO needs Finland more than Finland needs NATO
- 02:00 — The security review and a game-theoretic reading of the YYA treaty
- 04:00 — Federation theory and fiscal federalism
- 06:00 — Good institutions as a precondition for federation
- 08:00 — Euro-scepticism and EU support are two different things
- 10:00 — Finland’s security deficit and the scale of the EU
- 12:00 — Conscription and defence spending as a share of GDP
- 14:00 — Is NATO membership still a big step
- 16:00 — Shared responsibility for the Baltics as the price of membership
- 18:00 — The NATO option and the case for not exercising it
- 20:00 — The costs of the common currency and floating rates
- 22:00 — Returning to national currencies is not easy
- 24:00 — Poland and Sweden manage with their own currencies
- 26:00 — A constitution, institutions and defining power in the EU
- 28:00 — Poland and Hungary as recipients of the recovery package
- 30:00 — Where the work on morality started: the ethics of layoffs
- 32:00 — Evolutionary background, altruism and cooperation
- 34:00 — Adam Smith and Vernon Smith — two Smiths
- 36:00 — The institutional layer and a deepening model of the human being
Watch
The recording lives on the Neuvottelija channel: #neuvottelija 33 - Turvallisuuspolitiikka EU:ssa, euro ja NATO (Vesa Kanniainen). A Finnish edition of this episode is published at www.neuvottelija.fi.
People and topics
Guests: Vesa Kanniainen
Topics: Geopolitics