The Responsibilities of the Heterodox

The video explores the need for a self-conscious heterodoxy in economics, emphasizing the importance of consistent frameworks and empirical evidence. It discusses post Keynesian economics, the limits and conflicts within capitalist systems, and the responsibility of new generations to question and learn from past economic theories. The speaker urges against eclectic approaches and highlights the importance of understanding economic history and theory.

What responsibilities does the speaker believe young economists have in questioning existing theories?

How does the speaker relate the importance of historical understanding to the development of economic theories?

What analogy does the speaker use to emphasize the importance of proper training in economics?