William White - Anatomy of Crisis: Economic Theory, Politics and Policy

The transcript discusses the importance of intellectual timing in addressing economic crises. It highlights the role of short-termism in economic models and policies, which often leads to financial imbalances. The speaker examines the causes of the current crisis, emphasizing the need for a new analytical framework to prevent future crises. The discussion also covers why warnings were ignored and the necessity of rethinking economic strategies.

What is the significance of the 'seven fat cows and seven lean cows' story mentioned by the speaker?

What role do central banks play in the context of the economic crisis according to the speaker?

What does the speaker identify as a fundamental problem with the models used by economists?

How does the speaker propose to change the analytical framework for understanding economic crises?