This is the second vdeo part of an event which was presented by LIVE from the NYPL at the NYPL in which the renowned linguist and political philosopher, Noam Chomsky, and the former finance minister and founder of the Democracy in Europe Movement, Yanis Varoufakis, discuss the rise of economics in academia and education as well as its shortcomings.
The following questions will be addressed in this video:
– Why did the field of economics take centerstage in academia?
– What are the shortcomings of modern economic theory?
– Did the global financial crash of 2008 change and improve economic theory?