The inaugural conference of the Institute for New Economic Thinking (INET) brought policy makers, chief theorists, Nobel Prize winners in their profession and historians of economic thought to one place to learn from one another.
Tony Lawson, a Reader in Economics at the University of Cambridge, runs the “Cambridge Realist Workshop”. For the past 20 years he’s called for economic theories to be more realistic and questions if current mathematical models can actually be adapted to provide social illumination. Keynes, he says was a supporter of his “ontological” approach.
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