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Bretton Woods, Past and Present: 1. Ethics in Economics

Bretton Woods, Past and Present: 1. Ethics in Economics

Assessment

Interactive Video

Business, Social Studies, Life Skills

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The transcript discusses the role of economics as a legitimizing ideology for political changes since the 1970s, highlighting conflicts of interest within the field and comparing it to other professions. It explores the differences between policy-making and research in economics, emphasizing the need for conviction in policy implementation. The text also covers a Senate testimony involving financial regulation and the importance of ethical standards in economics, advocating for transparency and scientific rigor.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What role has theoretical economics played in the political transformation since the late 70s?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker perceive the relationship between economics and social capital?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of conflicts of interest in the field of economics according to the speaker?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker mean by the 'state of mind' difference between research and policy implementation?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker suggest about the ethical standards that should be applied to economists?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does the speaker believe the economics profession has failed in the context of financial crises?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker view the relationship between economic theory and the real world?

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