Episode 9 - History of Economic Thought
The main reason for studying the history of economic thought—says Robert Skidelsky in this ninth lecture in INET’s “How and How Not to Do Economics”—is to question the claim that economic knowledge is cumulative. Mainstream economics assumes that all useful economic knowledge from the past is incorporated in present theories. However, the substance and methods of economics have been interminably disputed ever since the start of the “science.”
