There's an old joke about economists that goes something like this: 'it works well in practise, but does it work in theory?'. Economic theories and models are slavishly relied upon by successive governments to determine tax rises, minimum wage rates, and much more. Investigative reporter, Tom Bergin, believes it's time for a rethink. In this podcast, he explains why.
Global crises cause big changes and reveal deep structural weaknesses.
In this special interview series from the RSA its chief executive, Matthew Taylor, puts a range of practitioners on the spot - from scholars to business leaders, politicians to journalists - by asking for one big idea to help build effective bridges to our new future.
Tom Bergin is an investigative reporter with the Reuters news agency and the author of Free Lunch Thinking: How Economics Ruins the Economy
A Tempo & Talker production for the RSA.
In this time of global change, strong communities and initiatives that bring people together are more invaluable than ever before. The RSA Fellowship is a global network of problem solvers. We invite you to join our community today to stay connected, inspired and motivated in the months ahead.
You can learn more about the Fellowship or start an application by clicking here.