Posted on 27 July 2017 in economic policy, economics, interviews

The Past & Present State of Economics

Sheila Dow, Geoff Harcourt and Charles Goodhart discuss Pluralism in Economics, Keynesian Theory, and Economic Policy.


Goldsmiths, University of London, 2016-2020
Interviews by Constantinos Repapis & Ivano Cardinale

Professor Sheila Dow

Pluralism in Economics

Constantinos Repapis interviewed Sheila Dow in July 2016, and discussed:

– The current state of economics
– Pluralism and schools of economic thought
– Modes of thought: Euclidean vs. Babylonian
– How should economics be taught?

Professor Geoff Harcourt

Keynesian Theory

Constantinos Repapis interviewed Geoff Harcourt in July 2016, and discussed:

– Origins of Keynesian economics & effective demand
– The Cambridge capital theory controversy
– The nature of Post-Keynesian economics
– Major Post-Keynesian economists and their theories

Professor Charles Goodhart

Economic Policy

Ivano Cardinale interviewed Charles Goodhart in July 2016, and discussed:

– Economic policy: institutional change, discretion and rules
– The problem of forecasting in economics
– The importance of economic history
– The 2008 financial crisis and economics

See also: New Directions for Economics


Dr Constantinos Repapis

Lecturer in Economics, Goldsmiths, University of London

Constantinos Repapis’s research focuses on the history of economic thought, economic methodology, and interdisciplinary work. He has worked on the evolution of Hayek’s business cycle theory and more generally on the development of economic theory during the 1930’s. His research also introduces and investigates the concept of the ‘common reader’ in economics, and how reader responses may be used in charting the history of economic concepts and ideas. Furthermore, he is interested on how economic models influence government policy and the public discussion.

Dr Ivano Cardinale

Senior Lecturer in Economics, Goldsmiths, University of London

Ivano Cardinale studies foundational issues at the interface between economics, political economy, and social and organizational theory. In economics, he studies how sectoral models often question received results of micro and macro analysis. In political economy, he uses sectoral models to unveil largely unexplored conflicts of interest – and possibilities for cooperation. In social and organizational theory, he is developing a theory of how agency and structure interact within human action, using it to understand institutions, technology, and choice under uncertainty. He also deploys this theory in a political economy context, to understand how political-economy structures influence decisions and are shaped by them in turn.