The Institute for New Economic Thinking

The video discusses the Institute for New Economic Thinking's responsibility to generate innovative economic ideas. It highlights the dual nature of innovation as both exciting and disruptive, emphasizing the importance of community support in nurturing new and controversial ideas. The ultimate goal is to foster a better understanding of the world and improve conditions for humanity.

What is the primary responsibility associated with the name 'Institute for New Economic Thinking'?

• To maintain traditional economic theories

• To produce new economic ideas

• To focus on historical economic events

• To avoid controversial topics

How is innovation described in the context of its impact?

• As only frightening

• As both exciting and disruptive

• As neither exciting nor disruptive

• As solely beneficial

Why is community support crucial for innovative ideas?

• To limit the spread of ideas

• To help bring forth and nurture new ideas

• To suppress controversial ideas

• To ensure ideas remain unchanged

What hope do new and controversial ideas hold?

• Creating confusion

• Maintaining the status quo

• Focusing on individual success

• Improving understanding and making things better for humankind

What is the potential outcome of fostering new economic thinking?

• A better understanding of the world

• Increased economic inequality

• A decline in innovation

• A focus on past economic models