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Tonight's live podcast discussed a revolutionary new economic perspective: New Institutional Economics. Powered by Riverside.fm, we discuss fundamental flaws of mainstream economic theories of both studying and applying economics. Specifically, I discuss how many ideas behind New Institutionalism such as institutions and bargaining power( ideas disregarded by mainstream economics) prove better methods of studying economics than neoclassicism. I also incorporate my own research on the presence of monopolies and economic structures to discuss fundamental ways by which economic inequalities can be resolved and pose the question, are we looking at it all wrong?
Enjoy!
Tonight's live podcast discussed a revolutionary new economic perspective: New Institutional Economics. Powered by Riverside.fm, we discuss fundamental flaws of mainstream economic theories of both studying and applying economics. Specifically, I discuss how many ideas behind New Institutionalism such as institutions and bargaining power( ideas disregarded by mainstream economics) prove better methods of studying economics than neoclassicism. I also incorporate my own research on the presence of monopolies and economic structures to discuss fundamental ways by which economic inequalities can be resolved and pose the question, are we looking at it all wrong?
Enjoy!