Carlo C. Jaeger: Climate Change and New Models of Growth 2/6

The speaker discusses the importance of adhering to time limits and critiques old economic thinking, which views the economy as a single equilibrium system with unavoidable tradeoffs. He advocates for new economic thinking that emphasizes coordination and multiple equilibria, which can lead to better outcomes. The speaker highlights the challenges in policy-making and research, using examples from Germany and Japan, and concludes by acknowledging contributors to a related book.

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