What are the limits of modern economics?
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About the video: ‘What are the limits of modern economics?’
Stephen Marglin believes we must recognize limits to mainstream economics. He says that we should start to rethink assumptions behind modern economic thought, and work to create a new economics based on a more accurate set of assumptions.
Total views: 2,236
Filmed: Hamburg, Germany on 21 May 2007
Credits: Interviewer - Marcus Morrell, Camera and Editor - Marcus Morrell
Copyright © 2008 Big Picture TV
About Stephen Marglin
Stephen A. Marglin is a professor of Economics at Harvard University. His current research focuses on the foundational assumptions of economics, asking to what extent these assumptions are a reflection of the culture and history of the Modern West rather than a set of facts about a universal human nature.
He’s author of several books, the latest being “The Dismal Science. How Thinking Like an Economist Undermines Community”(2008).
He is a council member of the World Future Council.
