William Hynes for Age of Economics - Full interview
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 1)
0:00 - Prologue
01:39 - Intro
01:58 - 1. Why does economics matter?
08:17 - 2. What are the differences between economic science and economic engineering?
16:29 - 3. What role does economics play in society? Does it serve the common good?
30:11 - 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.?
40:32 - 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?
50:47 - 6. Does economics explain Capitalism? How would you define Capitalism?
01:12:35 - 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?
01:27:13 - 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 William Hynes
Irish. Economist, Head of the New Approaches to Economic Challenges Unit (NAEC), OECD
William Hynes is a Senior Advisor to the Secretary General and the Head of the New Approaches to Economic Challenges (NAEC) Unit which provides a space to question traditional economic ideas and offer new economic narratives, new tools, methods and policy approaches. He previously worked as a Senior Economist at NAEC, Advisor in the Sherpa and Global Governance Unit, a policy analyst in the Development Co-operation Directorate and an economic affairs officer at the World Trade Organisation. William is an Associate Fellow and Adjunct Professor in International Economics at the Johns Hopkins University School of Advanced International Studies, has a doctorate from Oxford University and was a Marie Curie Fellow at the London School of Economics.
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Interview by Fabio Dondero and Chiara Somajni
Music: J.S. Bach, from The Well-Tempered Clavier. Kimiko Ishizaka, piano. Video by Fabio Dondero
Пікірлер: 1
The thinking of economists is so strange. What is NDP compared to GDP? But what has happened to the depreciation of durable consumer goods? Did John Maynard Keynes ever see a television commercial for automobiles? Are auto companies actually competing at making influential commercials rather than good cars? How is it that in the late 1930s and early 40s engineers could design fighter planes capable of 400 mph but they have been redesigning machines that roll along the ground at less than 120 mph since then. How has the depreciation of that junk affected GROWTH for 70 years? Of course economists never think of mandatory accounting in the schools as part of economic theory. Search Adam Smith's Wealth of Nations for "and account". He wrote, "read, write and account" multiple times. GDP == Grossly Distorted Propaganda