The Coming Overhaul of Theories in Finance and Macroeconomics

The video discusses the challenges facing financial and macroeconomics, highlighting the need to revisit old economic theories in light of recent market crises. It emphasizes the reliance on historical economic ideas, such as those of Keynes and Friedman, during policy responses. The video critiques the disconnect between contemporary economic theories and practical application, stressing the importance of teaching economics as a practical discipline to solve real-world problems.

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