The Shepheard-Walwyn Podcast

Realonomics—How the Economy Really Works, And How We Can Fix It with Karim El-Ayoubi


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Jonathan Brown sits down with Karim El-Ayoubi, author of 'Realonomics': How the Economy Really Works and How We Can Fix It.' With an impressive background in philosophy, politics, and economics from Oxford University and work experience at top banks like JP Morgan and Goldman Sachs. Karim shares his journey of discovering the disconnect between academic economic theory and real-world market activities. He discusses his path from disillusionment during the 2008 financial crisis to exploring empirical economic theories. Karim highlights flaws in neoclassical economics and the importance of credit and money flow in understanding the economy by drawing lessons from Japan and China's economic successes to create a better world for ordinary people.

 

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