Financial Times
NZ housing: a canary in the coalmine?
FT Transact - Ultra-low interest rates and cheap finance have driven a global house price boom and in New Zealand the house price to income ratio has topped that of many OECD nations. But as interest rates rise and prices dip, the...
PBS
Is the Stock Market Irrational?
The economic numbers look bleak, but the stock market is strangely optimistic... Has it lost touch with reality?
PBS
Is Price Gouging Bad?
Price gouging during a crisis is universally frowned upon and punishable by law in most states... so why would economists say it's actually not a bad thing?
Professor Dave Explains
Free Trade vs. Protectionism
More trade tends to lead to more prosperity for a society. So everyone should favor completely free international trade, right? Well not exactly. Some economists promote protectionism, which restricts trade with other countries to...
Professor Dave Explains
Gross Domestic Product (GDP)
How do we measure the health of an economy? The most common way is by looking at its gross domestic product, or GDP. But what does that mean exactly? Are there any limitations to this approach? What kind of goods are counted towards GDP?...
Professor Dave Explains
Universal Basic Income (UBI)
Wouldn't it be amazing if the government just gave you money every month, so that you didn't have to worry so much about rent and bills? Well this precise arrangement has been discussed among economists for centuries. It's called...
Healthcare Triage
Innovation in a Changing US Health System
The US healthcare system has a lot of issues, but one thing it's got going for it is innovation. More clinical trials originate in the United States, and more Nobel Physiology and Medicine Laureates are from here than from any other...
Institute for New Economic Thinking
What Is Economics About? | How & How NOT to Do Economics with Robert Skidelsky
Why did economists largely fail to predict the 2008-09 financial crisis? In the first lecture in his INET series, “How and How Not to do Economics,” Robert Skidelsky looks at a neglected cause: methodology. The way economists build their...
Institute for New Economic Thinking
Matheus Grasselli: How Advanced Mathematics Can Support New Economic Thinking
Welcome to our new video series called "New Economic Thinking." The series will feature dozens of conversations with leading economists on the most important issues facing economics and the global economy today. This episode features...
ACDC Leadership
Does economics make you selfish?
Thank you so muych for watching my videos. In this video I explore some arguments regarding why economics makes people selfish. I inlcuded several artciles about the subject below. Please feel free to read them over and let me know if...
Financial Times
Here's what a carbon tax could mean for you
FT economics commentator Martin Sandbu looks at what is needed to achieve a just transition to a low-carbon economy that safeguards public health and sustainable energy sources
Curated Video
Why Economics is a Social Science: Understanding the Basics
The video is an introductory lecture on why economics is defined as a social science. The lecturer explains that economics is the study of individuals and their decision-making behavior and how those decisions affect the economy as a...
Institute for New Economic Thinking
Sheila Dow - Why Economists Think How They Think
Economists argue over how the economy works or what is the best fiscal policy to recover from the current crisis. Sheila Dow looks behind the curtain of these debates; she seeks to find out why particular theories are being advanced, and...
Institute for New Economic Thinking
In Defense of Economic Theory
It’s common to hear economists derided for being overly theoretical. But University of Puget Sound’s Wade Hands cautions that empiricism without theory isn’t enough.
Institute for New Economic Thinking
How Economics Became a Cult
Watch Steve Keen discuss how mainstream economics acts more like a cult than a science, how mathematics has been misused by the economic discipline, and how with the right tools a grad student can make a better economic model than a...
Institute for New Economic Thinking
Eric Weinstein: Economic Thinking In A Fallible World
By Marshall Auerback The philosopher Karl Popper argued that we cannot know empirical truths with absolute certainty. According to Popper, even scientific laws can't be verified beyond a shadow of a doubt. They can only be falsified by...
Institute for New Economic Thinking
John Kay: People, Not Iron Ore: The Limits of Math in Economics (4/5)
In part four of this INET interview, John Kay suggests that economists need to broaden their skill set and reconnect with the humanities and other social sciences. While math is a useful tool, it is not the only language appropriate for...
Institute for New Economic Thinking
Economists Incentivize Conformity Over Quality
Economists tend to incentivize conformity over quality, but could pressure from outside groups change that? INET sits down with Carlo D’Ippoliti, Associate Professor of Economics at Sapienza University of Rome, to talk about pluralism in...
ACDC Leadership
Limitations of GDP- Macro Topic 2.2
Hey, thanks for watching. In this episode I explain the limitations of GDP and why it's not the best way to measure standard of living. I talk about GDP per capita, income inequality, the environment, and the shadow economy. Just to...
Institute for New Economic Thinking
Paul Davidson - Keynes's Forgotten Lessons 1/4
In the first part of this four-part INET "From the Director's Chair" interview, INET Executive Director Robert Johnson talks with Journal of Post Keynesian Economics co-founder Paul Davidson about Davidson's book The Keynes Solution: The...
Institute for New Economic Thinking
Dennis Snower: Which Way Forward? 3/6
Dennis Snower, President, Institut für Weltwirtschaft (Kiel Institute for the World Economy), Kiel speaks on panel, entitled "Which Way Forward: Reflections on Global Turmoil and the Role of Markets, Governments, and Civil Society" at...
Institute for New Economic Thinking
Doyne Farmer - Macroeconomics From the Bottom Up
In 2006, the Fed asked its macroeconometric model what would happen if house prices dropped by 20%. The model projected the past into the future and said: "Not much." Well, the financial crisis proved it wrong. Meanwhile, DSGE models,...
Healthcare Triage
If Economists Chose the Health Care System
Health economists study the economic determinants of health. They also analyze how health care resources are utilized and allocated, and how health care policies and quality of care can be improved. In this episode, we discuss what...
Institute for New Economic Thinking
Young Scholars Initiative: The Next Generation of New Economic Thinkers
Explore your curiosity in economics in an open and critical community The Young Scholars Initiative (YSI) is a growing international community comprising thousands of students, young professionals and researchers committed to new and...