When economies exhibit dreadful results is it because we have flawed understanding? Or are correct models often ignored? Are good economists listened to? Does scientifically robust work prevail when it conflicts with the desires of the powerful? What are the lessons of economic history for understanding the role of expertise in guiding social outcomes?

Watch panel titled “Economics and the Powerful: Faulty Analysis, Economic Advice, and the Imperatives of Power” at the Institute for New Economic Thinking’s conference in Hong Kong.

Featured panelists:

• Norbert Haring – Correspondent, Handelsblatt
• Steve Keen – Professor, University of Western Sydney
• Robert Lord Skidelsky – Emeritus Professor, University of Warwick

 

[youtube height=”390″ width=”640″]http://www.youtube.com/watch?v=Vj2E6donYOQ[/youtube]