Sheila Dow: The Economics of Uncertainty

The video features an interview with a professor emeritus discussing the role of uncertainty in economic theory, particularly in the context of Keynesian economics. The speaker emphasizes the importance of considering uncertainty in economic structures and decision-making, drawing on interdisciplinary approaches including psychology and philosophy. The discussion also covers the implications for teaching economics, the challenges of regulation and banking, and the need for a cultural shift in banking practices. The speaker advocates for a post-Keynesian approach and highlights the importance of understanding uncertainty in both crisis and non-crisis times.

How does the professor view the relationship between regulation and the banking sector?

What does the professor suggest about the culture of banking and its impact on regulation?

What does the professor believe is necessary for a better understanding of economic behavior?

What changes does the professor propose for the banking system in the context of uncertainty?