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S2 - EP1: The Future of Economics (with Kate Raworth)
Jon Richardson and the Futurenauts - The Book of Revelations
The Most Ridiculous Economic Model Illustration You've Ever Seen?
The most ridiculous economic model illustration you've ever seen was drawn by Paul Samuelson in 1948. It makes it look like the economy is a closed circular system, he says. That picture is what is used to measure GDP and that's why climate change has become such a focus for Oxfam. The biggest picture of the economy we have 'is silent on the living world' - John MacIntosh.
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