Robert Skidelsky: Economics and Political Power during the Crisis

The video features a discussion on the state of economics, focusing on its relationship with power and the influence of political values. It explores Keynesian economics, its historical context, and the challenges faced by current economic paradigms. The conversation delves into supply and demand issues, the role of quantitative easing, and the impact of government policies on economic stability. The discussion highlights the need for a new economic paradigm and critiques the current reliance on monetary policy over fiscal policy.

What critique is made regarding the focus on supply-side reforms in the context of economic demand?

What does the speaker suggest is the greatest waste in economic terms?

How does the speaker relate government spending cuts to economic recovery?

What is the significance of the Keynesian insight mentioned at the end of the interview?