George Soros Talks With Rob Johnson About INET

The video features a discussion with George Soros and Rob Johnson about the Institute for New Economic Thinking (INET). Soros explains INET's mission to rethink economic foundations, highlighting the inadequacies of current macroeconomic theories exposed by the financial crisis. Johnson discusses INET's initiatives, including grantmaking and curriculum development, and emphasizes the need for broader support. The video also explores how INET measures success and its potential impact on global economic stability.

What is the main reason George Soros believes macroeconomic theory needs rethinking?

• It is too similar to physics.

• It is not taught effectively in universities.

• It failed to predict the financial crisis.

• It has become too focused on mathematics.

What is one of the primary activities Rob Johnson is focused on for INET?

• Organizing international conferences.

• Writing economic textbooks.

• Raising funds from a global base.

• Developing new economic models.

According to Rob Johnson, what is a major issue with current economic studies?

• They are too focused on technical details.

• They are too broad in scope.

• They lack historical context.

• They are not funded adequately.

How does Rob Johnson describe the response from academia to INET's initiatives?

• Universally supportive.

• Divided between enthusiasm and skepticism.

• Overwhelmingly negative.

• Largely indifferent.

What does Rob Johnson hope to achieve by addressing the 'illusion of stability' in financial models?

• To simplify economic education.

• To eliminate financial markets.

• To create more complex economic theories.

• To design a safer regulatory regime.

What does George Soros believe is the immediate success of INET?

• It has reduced unemployment rates.

• It has increased global economic growth.

• It has solved the financial crisis.

• It has recognized the failure of the current economic paradigm.

What is the expected long-term impact of INET's work according to George Soros?

• Immediate changes in global policies.

• A new body of economic thinking in less than a decade.

• A gradual evolution of economic paradigms.

• A complete overhaul of the financial system.