I recently attended one of Kate’s talks.
I was really surprised and concerned to hear how economics studies still focus on outdated models based on Keynes and Hayek.
I was wondering what it is about this ideas in particular or the context in which they became the preferred formula for running society.
What was it about the times or the people themselves that led governments to apply these ideas.
More importantly, why is it so difficult to upgrade economics courses and political approach to modern times with new ideas?