Politically Rectifying the Many Imbalances of the Current Economy - John Evans

The video discusses the various economic imbalances that have emerged due to past paradigms from the 60s and 70s. It emphasizes the need for rethinking economic strategies rather than returning to outdated practices. The political implications of weakened state roles and large deficits are explored, highlighting the necessity for a new social consensus. The responsibility of the economics profession in humanizing economics and building this consensus is also underscored.

What are the key imbalances discussed in relation to the financial sector and the real economy?

What role does the state play in addressing economic imbalances according to the text?

How do the historical paradigms of the 60s and 70s influence current economic thinking?

Discuss the implications of weakened state power in a democracy as mentioned in the text.

What is suggested as a necessary step for the economics profession in the future?