Economics Trapped in an Old Paradigm - Joseph Stiglitz

The transcript discusses the pursuit of knowledge and career challenges in academia, highlighting the peer review process and the conventions that can trap scholars in accepted hypotheses. It advocates for a diversity of ideas in the intellectual marketplace, noting the resistance to unconventional ideas. The text emphasizes the importance of broadening debate and adopting rigorous, coherent thinking to better understand societal functions.

Discuss the importance of diversity of ideas as highlighted in the text.

How does the text suggest improving the intellectual marketplace?