INET President: Rebuilding A Moral Economics

The video discusses the historical shift from an agricultural to an industrial economy, highlighting the church's influence and its eventual discredit. It addresses modern challenges like globalization and public distrust in experts, emphasizing the need for a conference to rebuild the economics profession. The video includes Maya Angelou's poem on resilience and concludes with a call to challenge conventional wisdom for reform.

What societal transformation is discussed in the first section?

• From a feudal to a democratic society

• From a technological to a digital economy

• From a capitalist to a socialist economy

• From an agricultural to an industrial economy

What was the relationship between the church and the aristocracy during the historical transformation?

• They were completely separate entities

• They had no influence on society

• They collaborated and discredited themselves

• They were in constant conflict

What modern challenges are highlighted in the second section?

• The decline of traditional media

• The increase in global population

• Globalization and technological advances

• The rise of digital currencies

What is the public's reaction to experts in the modern era?

• Increased trust and reliance

• Complete indifference

• Frustration and discarding of expertise

• Unconditional support

What is the main focus of the conference mentioned in the third section?

• To promote environmental sustainability

• To explore new technological innovations

• To address economic dysfunctions and professional structures

• To discuss political reforms

Who are some of the notable figures leading the work on the economics profession?

• Warren Buffet and Elon Musk

• Bill Gates and Steve Jobs

• Jim Heckman, George Akerlof, Angus Deaton, Lars Hanson

• Albert Einstein and Isaac Newton

What is the purpose of the poem by Maya Angelou in the final section?

• To entertain the audience

• To provide historical data

• To inspire constructive change

• To criticize economic policies