Is History Important? [Robert Skidelsky]

The video discusses the importance of understanding historical context in economics, highlighting the rise of populism and its historical parallels. It emphasizes the need for students to learn the origins of economic doctrines and the disputes surrounding them. The video argues for a renewal in economics to maintain relevance, suggesting a more interdisciplinary approach that includes history, psychology, sociology, and politics, while reducing the focus on technical skills.

How can knowledge of history help economists in their field?

What challenges do economists face today that have historical precedents?