Young People Drive All Intellectual Revolutions - Martin Wolf

The transcript discusses the need for a shift in economic paradigms, highlighting the current dissatisfaction with existing theories. It emphasizes the role of young economists in driving new ideas and the importance of supporting them, even if many ideas may not succeed. The mission of a new institute is to foster this change by providing resources and freedom to explore innovative approaches, which could lead to significant breakthroughs in the future.

How does the speaker suggest supporting young people in their pursuit of new ideas?

What does the speaker mean by 'liberate them from the existing orthodoxies'?