What is a key precondition for progress in economics according to the speaker?
Bretton Woods, Past and Present: 2. Progress in Economics

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Re-evaluating past progress
Ignoring past progress
Using complex mathematics
Focusing solely on prediction
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does the speaker emphasize understanding over prediction in economics?
Prediction is easier to achieve
Prediction is more important
Understanding is irrelevant
Understanding is broader than prediction
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the speaker suggest about the use of mathematics in economic theories?
It is irrelevant to economics
It always leads to progress
It complicates theories unnecessarily
It simplifies economic models
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the speaker hope for the future of economic theories?
That they ignore past theories
That they integrate macro and finance
That they become more abstract
That they focus solely on prediction
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the speaker, what should be the criterion for progress in economics?
Focusing on abstract models
Increasing mathematical complexity
Achieving empirical explanations
Using simpler assumptions
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the speaker identify as a problem with economic theories over the last 30 years?
They lack empirical testing
They focus too much on prediction
They have become too simple
They have become too abstract
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the speaker's view on the assumptions used in economic models?
They should be ignored
They should be more complex
They should be more realistic
They should be less realistic
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