The Limits of Consistency and Rigor, and Why Economics Needs Eclecticism


On the 31st January, the Institute for New Economic Thinking (INET) interviewed John to discuss the current state of economics. John suggests that economics has focused too much on axiomatic and deductive reasoning and has been constrained by the simplifying assumptions that such an agenda imposes. The first part of the interview is here. To watch the rest, you can visit their website.