What Would Bagehot Say?

The video explores the historical British Banking School and its influence on modern finance. It discusses the intellectual tradition rooted in figures like Henry Thornton and John Maynard Keynes, and how this tradition persists in central banks and markets. The video also examines the shift in academic economics post-World War II, particularly in the U.S., towards a more technocratic and scientific approach, moving away from practical, institution-focused analysis.

Who does the speaker identify as being part of the intellectual tradition discussed?

What does the speaker mean by saying that certain styles of analysis fell out of favor?