How & How Not to do Economics


How & How Not to do Economics is an 2019 INET series of 11 lectures that are about 15 to 20 minutes in length each. I have made it through 4 so far. It is not a matter of agreeing or disagreeing as it is a matter of being exposed to a broader range of ideas. I studied or read about many of the historical figures mentioned here, but at the time I didn’t have enough context to really understand what I was reading. The more I hear lectures like this, the more I realize what I missed when studying these things over 50 years ago,

Interestingly, the various people I listen to who talk about the history of economics don’t always agree on the significance or lessons of the various historical figures that they discuss.

I think it was Taleb who said that you are on the firmest grounds when you just describe what happened, and on much more unstable grounds when you try to explain why things happened the way they did.

I have learned that even discussing what happened is fraught with interpretation. So describing why something happened must be on less firm ground if you can’t even agree on what happened.

Here is the fist lecture. See the link to INET above to get to all the lectures.

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