Festival Of Economics: Economics In Crisis

This session turns the spotlight on the subject of economics itself. Economists will try to debate honestly the weaknesses as well as the strengths of the subject, and respond to some of the challenges from critics. What is the status of economic knowledge, and how much does the subject need to change because of the crisis?

Chair: Richard Marshall
Aditya Chakrabortty, economics leader writer at the Guardian
Diane Coyle, Enlightenment Economics, author of The Economics of Enough: How to Run the Economy as If the Future Matters.
Paul Ormerod, Volterra Partners, author of Positive Linking: How Networks and Incentives Can Revolutionise the World and Why Most Things Fail
Carol Propper, Professor, Economics of Public Policy, University of Bristol