What are the rationales for State support for technical innovation? Adopting the Neoclassical approach of "market failure", Nelson and Arrow suggested that private business firms will invest less in research & development than is...

INET President Rob Johnson talks with Michael Sandel about the consequences of financialization, and how economics' obsession with self-interest has failed society.

INET President Rob Johnson talks with Michael Sandel about the limits of a life driven by self-interest, gambling and Wall Street, and why the consumer model of economics has failed to explain the human experience.<br/>

Welcome to our 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...