Institute for New Economic Thinking
Irwin Collier - How Economists Used to Be Made
Economists aren't born, they're made. Irwin Collier digs into archives to find out how Paul Samuelson and his generation were made. What did they learn, and how did they learn it? While today's graduate schools focus on quantitative...
Institute for New Economic Thinking
Gernot Wagner: Climate Change and New Models of Growth 3/6
Gernot Wagner, Economist, Environmental Defense Fund speaking at a panel entitled "New Economics, Climate Change, and New Models of Growth" at the Institute for New Economic Thinking's (INET) Paradigm Lost Conference in Berlin. April 14,...
PBS
5 Ways People Are Dumb About Money
Not only do we as humans make financial mistakes, our mistakes are predictable! Here's the story of how we learned that we can predict our mistakes and 5 of them you can avoid.
Institute for New Economic Thinking
John Davis - How to Avoid Herding in Research
An individual fish reduces the danger to itself by swimming as close as possible to the center of the school. That is how schools hold together. John Davis says that researchers and fish are alike -- both engage in herd behavior. PhD...
Institute for New Economic Thinking
Bretton Woods, Past and Present: 2. Progress in Economics
When is one theory better than the other? What is progress in economics? "The Kids" asked a dozen economists in the halls of the Mount Washington Hotel in Bretton Woods, and we invite you to watch what they said. In 2008, the world...
PBS
Six Historically True Facts about Money
Money isn't actually valuable. It's just pieces of metal, pieces of paper, or more recently, computer code. So how did money come to be such a driving force of modern life?
ACDC Leadership
Economic nightmare?
I made this video to explain why a global pandemic is difficult for economists and policymakers to address. COVID-19 can potentially cause a demand and supply shock. Whether or not that results in a global recession is up to consumers....
Institute for New Economic Thinking
Why We Must Resist Economic Conventional Wisdom
Dani Rodrik says that when ideas become conventional wisdom, we become blind to their limitations. Harvard economist Dani Rodrik talks to INET President Rob Johnson about pluralism in economics and widening the lens through which...
Science360
Economist Donna Ginther ScienceLives
Having children forced Professor Donna Ginther to better focus on her work and to budget time wisely. It also gave the University of Kansas economics researcher first-hand experience with being a mother in a rigorous, mostly male,...
ACDC Leadership
Long-Run Self-Adjustment- Macro Topic 3.7
Hey econ students! In this video I expain how the economy can self-adjust in the long-run. Notice that the short-run aggregate supply is shifting when the economy self-adjusts. Also notice that the reason for the shift is a change in...
Institute for New Economic Thinking
Task Force on Economics Curriculum reports at INET's Bretton Woods Conference (1 of 3)
Robert Skidelsky, Emeritus Professor of Political Economy at Warwick University, reports on the progress of the Economics Curriculum Task Force at INET's Bretton Woods Conference.
Institute for New Economic Thinking
The Role of the Economics Profession in the Global Crisis
A lineup of top Economists explain how the economics profession was partly responsible for the recent Financial meltdown and Great Recession.
Institute for New Economic Thinking
Robert Skidelsky: Learning from the Past to Design the Future (1/4)
Alan Murray, Executive Editor of the Wall Street Journal, moderates the panel of INET's Bretton Woods Conference on April 9, 2011: What Can We Learn from the Past in Designing the Future? Part 1 of 4 with Robert Skidelsky, Emeritus...
Institute for New Economic Thinking
Victor Yakovenko: What Causes Inequality? An Econophysics Approach
Welcome to our video series titled "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...
Institute for New Economic Thinking
Joseph Stiglitz: It’s Time to Get Radical on Inequality
America’s economic system has failed by not raising living standards for most. Nobel laureate Stiglitz, author of The Price of Inequality and The Great Divide, studies the forces driving inequality and what is at stake if it continues....
Institute for New Economic Thinking
You're Irrational and It's OK
Should the government regulate personal behavior, or are the irrational choices of people actually reasonable? Behavioral economics has identified a myriad of cognitive biases that show that people do not behave rationally and make...
Institute for New Economic Thinking
Luigi Pasinetti’s Intellectual Formation; Italy and the two Cambridges
Luigi Pasinetti’s Intellectual Formation; Italy and the two Cambridges
Institute for New Economic Thinking
David Tuckett - How Investors Use Stories to Tame Uncertainty
If you want to understand how fund managers choose a portfolio, why not ask them? That's what David Tuckett does: he draws on standard sociological techniques of interviewing to understand investors' decisions to buy or sell assets. He...
Institute for New Economic Thinking
The Need for Economist "GPs"
In part 4 of INET's interview with Raghuram Rajan he criticizes the narrow focus of most economists: "Just like in medicine: you have to have experts in each area, but you also need general practitioners - to integrate. I think we...
Institute for New Economic Thinking
Ian Goldin, Sanjeev Goyal, Frank Kelly, J. Doyne Farmer - Networks and Systemic Risks
The Inaugural Conference @ King's, Institute for New Economic Thinking, Session 2 Q&A: What Kind of Theory to Guide Reform and Restructuring of the Financial and Non-Financial Sectors?
Institute for New Economic Thinking
Learn the Language of Power [Ha-Joon Chang]
“They’ve never met a poor person. They’ve never lived in deprived areas.”Ha-Joon Chang explains why economics is too important to be left to economists.Produced by Matthew Kulvicki, Nick Alpha & Ryan Scammell
Economics Explained
No. China Is Not Going To Collapse... Yet: Why China Won't Collapse
Why is everybody suddenly predicting that China is on the brink of collapse? What are the chances these predictions will actually come true and why is this most likely totally overblown? Helping you become more knowledgeable about how...
Institute for New Economic Thinking
Don’t Let a Crisis Go to Waste
Matias Vernengo explains how economic crises reveal the nakedness of neoliberal policies. After the Great Depression, global capitalism underwent serious reform. Why didn’t that happen after 2008? Matias Vernengo, Professor of Economics...