Age of Economics: in the first part of this project a diverse group of global thinkers answers 8 fundamental questions about economics and capitalist civilization. (Interview number 12)

0:00 - Prologue
01:17 - Intro
01:35 - 1. Why does economics matter?
04:31 - 2. What are the differences between economic science and economic engineering?
14:00 - 3. What role does economics play in society? Does it serve the common good?
18:25 - 4. Economics provides answers to problems related to markets, efficiency, profits, consumption and economic growth. Does economics do a good job in addressing the other issues people care about: climate change and the wider environment, the role of technology in society, issues of race and class, pandemics, etc.?
28:08 - 5. As we live in an age of economics and economists – in which economic developments feature prominently in our lives and economists have major influence over a wide range of policy and people – should economists be held accountable for their advice?
33:24 - 6. Does economics explain Capitalism? How would you define Capitalism?
40:38 - 7. No human system to date has so far been able to endure indefinitely - not ancient Egypt or Rome, not Feudal China or Europe, not the USSR. What about global Capitalism: can it survive in its current form?
46:16 - 8. Is Capitalism, or whatever we should call the current system, the best one to serve the needs of humanity, or can we imagine another one?

About Carolina Cristina Alves
Brazilian. Economist, Joan Robinson Research Fellow in Heterodox Economics at the University of Cambridge, Girton College

Carolina is also the co-founder of initiative Diversifying and Decolonising Economics (DEcon) and co-editor of The Developing Economics blog. She is currently part of the Cambridge Social Ontology Group, and the Alternative Approaches to Economics Research Group – Faculty of Economics, Cambridge, and she sits on the Rebuilding Macroeconomics Advisory Board, the Progressive Economy Forum Council (PEF) and the Positive Money Advisory Panel. Learn more about Carolina at https://www.girton.cam.ac.uk/director...

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Interview by Fabio Dondero

Music: J.S. Bach, from The Well-Tempered Clavier. Kimiko Ishizaka, piano. Video by Fabio Dondero