Econintersect: The final plenary session of the three-day 2013 World Conference of the Institute for New Economic Thinking (INET) in Hong Kong 4-6 April 2013 featured Global Economic Intersection contributor Steve Keen. The panel was titled “Economics and the Powerful: Faulty Analysis, Economic Advice, and the Imperatives of Power“. Featured panelists included also Norbert Haring and INET Advisory Board member Robert Lord Skidelsky, with INET Executive Director Rob Johnson Moderating. Steve Keen was the second of the three panelists to make a presentation.
[Video can be accessed after the Read more >> jump.]
Video below focuses on the influence of power corrupting economics, the (mis)use of inproper models and assumptions and related indicated directions for economics moving forward. Steve Keen’s presentation starts at 21 minutes. All three presentations are very worthwhile. At the end of the three presentations is an extended discussion among panelists and with the audience (starts at 52 minutes 30 seconds) .
Note: You can use your cursor to move to any time point in the video at anytime.