Video and podcasts
Lecture two, on 'Monetary Policy', of Robert Skidelsky's series for the third year undergraduate course, 'Topics in Applied Economics' at the University of Warwick. www.youtube.com/watch
Robert Skidelsky has given a series of lectures for the third year undergraduate course, 'Topics in Applied Economics' at the University of Warwick. This is the first lecture of the series, entitled 'The anatomy of the crisis'. www.youtube.com/watch
Robert Skidelsky spoke several times at the Post-Keynesian conference in Kansas this year, giving talks on the future of work and the future of economics education, and participating in a discussion on what we should have learned from the global crisis (with Prof. Bruce Greenwald).
You can now watch all these at the Post-Keynesian Conference website, here: www.pkconference.com/2014-2/videos-2014/
Yesterday morning Robert Skidelsky participated in one of the Guardian's podcasts, discussing Labour's job guarantee scheme and, ahead of next week's budget, whether or not GDP is a good measure of a country's wellbeing. With Diane Coyle, Larry Elliott and Tom Clark.
The State of Economics
| Friday, September 06, 2013
Economists like to believe that theory drives policy. Bad policy is the result of bad theory; the remedy for bad policy is better theory. Keynes was squarely in this tradition. He remarked that, “practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.” He believed that the power of ideas would, sooner or later, overcome the power of vested interests. Perhaps this is true in the long run. Vested interests require the legitimation of ideas; this legitimating function gives ideas their influence on policy. But in the short run, the power of vested interests - the power of power - can rule policy with minimal help from theory.
The policy response to theContinue reading...