Behind the Money The Economics Show with Soumaya Keynes: What’s wrong with economics?
Aug 7, 2024
Sir Angus Deaton, a Nobel Prize-winning economist, delves into the evolving landscape of economics, expressing his reconsideration of foundational assumptions. He critiques the narrow focus on efficiency, discussing the intricate dynamics of globalization and poverty with contrasting case studies from India and China. Deaton emphasizes the need for a comprehensive approach to measuring poverty and challenges the effectiveness of randomized control trials. As he navigates through these complex topics, he advocates for an economics that integrates ethics and historical context.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Intro
00:00 • 2min
Rethinking Economics: Love, Frustration, and Complexity
01:49 • 10min
Globalization and Poverty: A Comparative Analysis
11:28 • 5min
Rethinking Poverty Measurement
16:32 • 6min
Critique of Modern Economics
22:20 • 8min
Rethinking Economics in Uncertain Times
29:50 • 6min