The Limitations of Classical Economics

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"We're still calculating GDP on the basis only of exchange of money," he says. "That seems ridiculous, doesn't it? But that is still the basis of economics" Even Margaret Thatcher acknowledged that in opposing the Eurozone and the European Central Bank, he adds. 'Any attempt distinguished between economics and politics leads to really very stupid economics'

The liberal order is under threat. Increasing inequality, the rise of far-right nationalism and the climate emergency pose unprecedented challenges. It’s time for some radical thinking. In November 2019 Intelligence Squared brought to its stage two of the world’s great radicals – Yanis Varoufakis, the former Greek finance minister known for his trademark leather jacket, motorbike and self-described erratic Marxism, and legendary music producer Brian Eno, known for his progressive politics and human rights activism. The evening was chaired by BBC journalist and broadcaster Ritula Shah.

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