The Cambridge Conference - Kicking Off the New Institute

The video discusses a conference at Kings College, Cambridge, focusing on new economic thinking. It highlights the historical significance of the location, where Keynes developed his theories. The conference aims to address current economic challenges by revisiting Keynes' insights, critiquing neoclassical economics, and fostering new ideas. The goal is to inspire young scholars to develop alternative economic policies and challenge existing paradigms, emphasizing the need for change in times of crisis.

What is the significance of Kings College, Cambridge, in the context of the conference?

• It is the birthplace of classical economics.

• It is the site where Keynes created his general theory.

• It is where Keynes and Hayek had their first debate.

• It is where Keynes and Hayek developed the neoclassical school.

What led to the dominance of the neoclassical school in economics?

• The acceptance of Keynes's insights by the profession.

• The success of classical economics in recent crises.

• The rejection of Keynes's insights by the profession.

• The influence of Hayek's theories.

What does the recent financial crisis suggest about the neoclassical view?

• It has been ignored by economists.

• It has been widely accepted.

• It has been proven to be false.

• It has been proven to be effective.

What is one of the main goals of the Cambridge Conference?

• To return to classical economics.

• To focus solely on financial markets.

• To develop new economic ideas and policies.

• To validate Keynesian theory.

What quality of Keynes is highlighted in the context of the conference?

• His courage during a period of crisis.

• His adherence to classical economics.

• His focus on financial markets.

• His rejection of new economic ideas.