Age of Economics: in the first part of this project a diverse group of global thinkers answers 8 fundamental questions about economics and capitalist civilization. (Interview number 7)

0:00 Prologue
01:36 Intro
01:54 1. Why does economics matter?
03:15 2. What are the differences between economic science and economic engineering?
11:05 3. What role does economics play in society? Does it serve the common good?
16:08 4. Economics provides answers to problems related to markets, efficiency, profits, consumption and economic growth. Does economics do a good job in addressing the other issues people care about: climate change and the wider environment, the role of technology in society, issues of race and class, pandemics, etc.?
23:24 5. As we live in an age of economics and economists – in which economic developments feature prominently in our lives and economists have major influence over a wide range of policy and people – should economists be held accountable for their advice?
27:11 6. Does economics explain Capitalism? How would you define Capitalism?
36:44 7. No human system to date has so far been able to endure indefinitely not ancient Egypt or Rome, not Feudal China or Europe, not the USSR. What about global Capitalism: can it survive in its current form?
41:31 8. Is Capitalism, or whatever we should call the current system, the best one to serve the needs of humanity, or can we imagine another one?

About Steve Keen
Australian. Economist, author, and noted neoKeynesian thinker and critic of neoclassical economics

The major influences on Keen’s thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay. Hyman Minsky’s financial instability hypothesis forms the main basis of his major contribution to economics which mainly concentrates on mathematical modelling and simulation of financial instability. Keen was formerly an associate professor of economics at University of Western Sydney, until he applied for voluntary redundancy in 2013, due to the closure of the economics program at the university. In autumn 2014, he became a professor and Head of the School of Economics, History and Politics at Kingston University in London. He is also a fellow at the Centre for Policy Development.

►Website https://www.ageofeconomics.org
►Transcripthttps://www.ageofeconomics.org/interv...
►Youtube channel   / ageofeconomics  
►Twitter   / ageofeconomics  
►Facebook   / ageofeconomics  

Interview by William Hynes

Music: J.S. Bach, from The WellTempered Clavier. Kimiko Ishizaka, piano. Video by Fabio Dondero