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

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.

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

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

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

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

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

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

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