Grad Student View: Some Professors Have No Incentive for Needed Change - Arun Advani

The video discusses the need to reassess economic theories, especially in light of recent crises. It highlights the gap between outdated economic models taught in academia and the current economic realities. The speaker suggests that while understanding historical models is important, educational content should be updated to reflect new economic conditions.

Why does the speaker believe professors may not change their teaching methods?

What is the speaker's view on the importance of adapting economic education to the current world?