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posted on 10 November 2015

Documentary Of The Week: The Mainstream And Why General Equilibrium Is Unstable

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Econintersect: This is the second lecture in a series given to beginning economics students at Kingston University, London. It encompasses a review of of economic history with a number of discussions of common beliefs about economic history which are actually myths - they never occurred!


Key players in the history of economics introduced in this lecture include Adam Smith, Ricardo, Marx, Jevrons, Walras, Menger, Say and many of their successors. A recurring point in this lecture is the persistent recognition of economic instablity by a minority of economists through history and the ignoring of that observation by many others.

Note: There is a section in Dutch near the beginning, starting at 2:00 and ending at 7:00.

Lectures in the Series

  • Lecture 1

  • Lecture 2 - This lecture

  • Lecture 3 - To be posted

  • Lecture 4 - To be posted

  • Lecture 5 - To be posted


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