Why We Need a Multidisciplinary Economics

The transcript discusses the limitations of traditional economic models, emphasizing the importance of recognizing patterns rather than laws. It critiques the representative agent model and highlights the need for multidisciplinary approaches in economics. The inertia in economic thought post-2008 is addressed, along with the challenges of incorporating innovative ideas like network analysis. The OECD's efforts in promoting new economic approaches are noted, and advice is given to students to remain open-minded and question traditional teachings.

What is Kirman's perspective on the inertia of the economics profession post-2008?

What challenges does Kirman identify regarding the application of economic theories to real-world situations?

How does Kirman suggest that economists should approach policy-making in light of complex systems?

What advice does Kirman give to students entering the field of economics?