Unlearning Economics: Jon Erickson, Josh Farley, Steve Keen, & Kate Raworth | Reality Roundtable #03
The Great Simplification with Nate Hagens
Nate Hagens
4.8 • 553 Ratings
🗓️ 13 August 2023
⏱️ 102 minutes
🧾️ Download transcript
Summary
On this Reality Roundtable, Nate is joined by Jon Erickson, Josh Farley, Steve Keen, and Kate Raworth - all of whom are leading thinkers and educators in the field of heterodox economics. In this lively discussion, each guest begins by sharing one fundamental aspect of what conventional economics gets wrong and how it could be improved in our education system. What basic assumptions about humans have led to a misunderstanding of the average person's decision-making? What areas has economics turned a blindspot to as the foundation of our economic systems? Who is finding the models and systems that economists have created useful - and how does economics as a discipline need to change in the face of a lower energy future? In short, what we teach our 18-22 year olds around the world matters - a great deal.
About Jon Erickson
Jon Erickson is the David Blittersdorf Professor of Sustainability Science & Policy at the University of Vermont. He has published widely on energy and climate change policy, land conservation, watershed planning, environmental public health, and the theory and practice of ecological economics. He advised presidential candidate Bernie Sanders on economics and energy issues.
About Josh Farley
Joshua Farley is an ecological economist and Professor in Community Development & Applied Economics and Public Administration at the University of Vermont. He is the President of the International Society for Ecological Economics.
About Steve Keen
Steve Keen is an economist, author of Debunking Economics and The New Economics: A Manifesto. He is a Research Fellow at the Institute for Strategy, Resilience, and Security at University College in London.
About Kate Raworth
Kate Raworth describes herself as a renegade economist focused on making economics fit for 21st century realities. She is the creator of the Doughnut of social and planetary boundaries, and co-founder of Doughnut Economics Action Lab, based on her best-selling book Doughnut Economics: 7 Ways to Think Like a 21st Century Economist. Kate is a Senior Associate at Oxford University's Environmental Change Institute, where she teaches on the Masters in Environmental Change and Management. She is also Professor of Practice at Amsterdam University of Applied Sciences. She is a member of the Club of Rome and currently serves on the World Health Organisation Council on the Economics of Health for All.
For Show Notes and More visit: https://www.thegreatsimplification.com/episode/rr03-erickson-farley-raworth-keen
To watch this video episode on YouTube: https://youtu.be/EC11UQD9q3w
Transcript
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| 0:00.0 | You're listening to The Great Simplification with Nate Higgins. |
| 0:06.3 | That's me. |
| 0:07.7 | On this show, we try to explore and simplify what's happening with energy, the economy, the environment, in our society. |
| 0:17.0 | Together with scientists, experts, and leaders, this show is about understanding the bird's-eye |
| 0:23.2 | view of how everything fits together, where we go from here and what we can do about it as a |
| 0:29.1 | society and as individuals. |
| 0:33.1 | Welcome to Reality Roundtable number three. |
| 0:46.3 | We don't think about it too much, but there are approximately 240 million college students in the world. Many of them are exposed to economics 101. |
| 0:51.3 | It is my belief of study over the last 20 years that what is being taught in |
| 0:56.8 | economics is not commensurate with the biophysical world, the socioeconomic realities that we face |
| 1:05.7 | with me to discuss conventional economics as it's being taught and heterodox economics that is trying |
| 1:14.9 | to apply human behavior, natural sciences, and reality to the field of economics. |
| 1:22.9 | Our four previous guests, all friends of mine, Josh Farley and John Erickson of the University of Vermont, who were both on my PhD committee, Kate Rayworth of Donut Economics in London, and renegade economist Steve Keane currently in Amsterdam, but traveling all over, teaching the reality of money, |
| 1:50.3 | energy, and climate and economics. |
| 1:52.3 | This was a fantastic conversation that I hope can be shown in colleges around the world |
| 1:59.3 | to get a glimpse into the disparities from what is being |
| 2:03.0 | taught and our current reality. |
| 2:06.9 | Please welcome Kate, John, Josh, and Steve. Welcome to Reality Roundtable number three. |
| 2:26.8 | With me today are four of my colleagues and friends. |
| 2:32.7 | John Erickson and Josh Farley were my PhD advisors, |
| 2:38.4 | Steve Keene and Kate Rayworth, |
| 2:42.5 | heterodox economists, self-described both of them as renegade economists. |
... |
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