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\nEconomics Is in Need of Radical Reform\n

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\n\nPublisher:\n\nInstitute for New Economic Thinking\n\n\n
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\n\"Openness\" and \"restructuring\" led to the collapse of the Soviet Union. But if it also led to the collapse of orthodox economics, James Galbraith wouldn't mind.The University of Texas economist outlines how the profession has become...\n\"Openness\" and \"restructuring\" led to the collapse of the Soviet Union. But if it also led to the collapse of orthodox economics, James Galbraith wouldn't mind.

The University of Texas economist outlines how the profession has become \"self-dealing\"—creating a tribal and restrictive hierarchy through journals and university appointments that keep diverse scholarship out. Economics wasn't this way just a few decades ago, but now its closed-mindedness keeps independent scholars from getting the platform they need to do real, pathbreaking research.

Galbraith also discusses the work of his University of Texas Inequality Project (UTIP), which is working to develop a new series of measurements of economic inequality at a global scale.
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Resource Details

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Educator Rating
Not yet Rated
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Media Length
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14:42
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Grade
Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nNew Economic Thinking\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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economics, economists, loans, texas
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galbraith, inet, new economic thinking, university of texas, james galbraith, financial crisis, economics (field of study), financial crisis 2008, james k galbraith, james galbraith economist, economist, learn economics, online classes, online learning, higher rate, brought activities, economic inequality, economics profession, inequality, profoundly, world, body, 20 years, system, order, ideas, sense, people, crisis, structure, reform, collapse, dealing, willingness, board, result, thought, stuck, fact, university
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Video is ad-free
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Economics Is in Need of Radical Reform\" href=\"/subscription/new\">\"Economics\n\n
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