The Guardian’s senior economics commentator Aditya Chakrabortty has produced an excellent BBC Radio 4 program on the failure of academic economics to reform itself after the Crash of 2007: Teaching Economics After the Crash. The first interview is with Kingston University’s own Devrim Yilmaz. It also includes me, George Soros, Andy Haldane, Ha-Joon Chang, the students who began the Post Crash Economics Society at Manchester University, Diane Coyle (who played a large role in developing the CORE curriculum, of which I’m very critical), Philip Mirowski (who describes CORE as “lipstick on a pig”), Rob Johnson of INET, and many more. It’s well worth a listen (it opens with about 20 seconds of a promo for a later program on a paralympian):
I also gave a talk to students at the Free University of Berlin yesterday, which covered three topics: the failure of Neoclassical economic theory to derive a downward-sloping market demand curve from its theory of individual rationality; the mathematical fallacies in the theory of “perfect competition”, and the importance of including banks, debt and money in macroeconomics. You can watch it below.