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Behind the Money

The Economics Show with Soumaya Keynes: What’s wrong with economics?

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4350 Ratings

🗓️ 7 August 2024

⏱️ 36 minutes

🧾️ Download transcript

Summary

This week, we’re bringing you something from our fellow FT podcast, The Economics Show with Soumaya Keynes. 


Sir Angus Deaton won the Nobel Prize in Economics in 2015. So when he says he is rethinking many of his assumptions about the field, it matters. Today on the show, Soumaya discusses what we are getting wrong about everything from inequality to immigration to the role of globalisation in the reduction of poverty.


Soumaya Keynes writes a column each week for the Financial Times. You can find it here.


Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


Read a transcript of this episode on FT.com


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Plus, tell us what you think about Behind the Money! Complete this survey before August 29 for a chance to win a pair of Bose QuietComfort 35 Wireless headphones (terms and conditions can be found here).





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Transcript

Click on a timestamp to play from that location

0:00.0

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Visit insignis Cash.com to find out more or talk to your financial advisor.

0:25.0

Before we get into this week's special episode, I have a quick favor to ask.

0:29.0

Don't forget to take our survey.

0:31.0

We want to hear more about you and what you love about behind the money.

0:34.0

Fill it out before August 29th for the chance to win a pair of Bo's Quiet Comfort 35 Wireless

0:40.1

headphones. You can find a link to the survey as well as

0:43.2

as terms and conditions for the headphone prize drawing in our show notes. Hey there, it's Michaela.

0:55.0

For this week, I want to share with you an episode from another great Financial Times

1:01.0

podcast.

1:02.0

It's called The Economics Show with Sumaya Keynes.

1:05.2

Every Monday, Sumaya digs into the hottest topics in economics with expert guests.

1:10.3

In this episode, Sumaya and Nobel Prize winner Angus Deaton take a critical look at what economics gets wrong.

1:17.0

And don't worry, behind the money will be back with a new episode next week.

1:21.0

Thanks and enjoy.

1:24.0

People just love to hate on economics.

1:28.0

It's had a lot of criticism over the past 15 years,

1:31.0

but I always find it most interesting when the people leading the attack are within

1:35.2

the profession. And on this week's show, we are going to ask one of the world's most celebrated

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