{"page":"\n\n
\n
\n
\n
\n
\n\nVideo\n
\n

\nWhy Economists Need the Arts\n

\n
\n
\nGet Free Access for 10 Days!\n
\n
\n
\n
\n
\n
×
\n\n\n
\n\nPublisher:\n\nInstitute for New Economic Thinking\n\n\n
\n
\nEngaging in music, literature and the arts is essential for understanding context and human behavior—which economists so often missThe study of humanities is often considered an impractical pursuit—a luxury endeavor only the rich can...\nEngaging in music, literature and the arts is essential for understanding context and human behavior—which economists so often miss

The study of humanities is often considered an impractical pursuit—a luxury endeavor only the rich can afford. But having a deep understanding of the arts is in fact highly practical: It confers critical thinking and relational skills necessary to succeed in any field, including and especially economics. So says Christian Madsbjerg, Partner at ReD Associates in his book, Author of Sensemaking: The Power of Humanities in the Age of the Algorithm​.

“Human beings aren’t described very well by the fundamental assumptions of economics,” says Madsbjerg. Could that change if more economists delved into literature, music, poetry, philosophy and art? “Dealing with humanity is not black of white, 0s and 1s,” Madsbjerg says. “It’s grey tones in between,” he says, and reckoning with that complexity and uncertainty is precisely what’s needed now.
\n
\n
\n\n
\n
\n
\n
\n

Resource Details

\n
\n
\n
\n
Curator Rating
\n
\n
\n
\n
\n
\n
Educator Rating
Not yet Rated
\n
\n
\n
\n
\n
Media Length
\n
13:38
\n
\n
\n
\n
\n
Grade
Higher Ed
\n
\n
\n
\n
\n
Subjects
Social Studies & History
7 more...
\n
\n
\n
\n
\n
Media Type
Instructional Videos
\n
\n
\n
\n
\n
Source:
\n
\nNew Economic Thinking\n\n
\n
\n
\n
\n
\n
Date
\n
2017
\n
\n
\n
\n
\n\n
Language
English
\n
\n
\n
\n
\n
Audiences
For Teacher Use
2 more...
\n
\n
\n
\n
\n
Usage Permissions
Fine Print: Educational Use
\n
\n
\n
\n
\n
\n

Additional Materials

\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Preview\n
\n
\n
\n

Concepts

\n
\n
critical thinking, poetry, literature, business, time, society, sharing, humanities
\n
\n\n\n
\n
\n
\n
\n

Additional Tags

\n
\n
video, camera phone, video phone, free, upload, john coltrane, charlie parker, call sensemaking, white people, successful, good, idea, human, people, world, reasons, side, thing, sort, understand, understanding, today, book, nice, kinds, part, ability
\n
\n\n\n
\n
\n
\n
\n

Classroom Considerations

\n
Video is ad-free
\n
\n
\n

Educator Ratings

\n
\n
\n
\n
\n
\n\nShow resource details\n
\n
\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Why Economists Need the Arts\" href=\"/subscription/new\">\"Why\n\n
\n
\n
\n\n\n\n"}