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We Need to Rethink Econ 101: It May Limit Your Business Goals [Video]

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Self Improvement

We Need to Rethink Econ 101: It May Limit Your Business Goals

Treating economics like a natural science can limit its scope and give corporations permission to look the other way on harms they may be causing. The New Yorker’s Nick Romeo reports on the case for bringing the humanities–including ethics and philosophy–back into the curriculum.

Romeo is the author of The Alternative: How to Build a Just Economy (https://www.amzn.com/1541701593).

00:00 An “acceptable” rate of joblessness?
01:00 Economics is not a natural science
01:39 Distorted business thinking
02:30 But isn’t economics essential?
03:10 The real cost of cheap stuff
04:10 One alternative: true pricing
05:04 An alternative to Econ 101?

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