Eric WEINSTEIN Is Trying To Reform Economics - Bob And Adam React | Hn 186
Description
On this crossover episode of Haman Nature, poker pro Adam Haman and economist Bob Murphy review an amazing interview Bob had with controversial intellectual table-flipper Eric Weinstein. Eric has applied gauge theory in a way that might just revolutionize neoclassical economics!00:00 — Intro. We’re going meta with a clip show again! Bob begins with some general thoughts about his conversation with Eric Weinstein.08:40 — Clip 1: Eric sets the table. Is gauge theory going to be as revolutionary as marginalism was? What does it mean to apply the “right” derivative when using differential calculus in economics? Also, what exactly was the marginal revolution?19:32 — Clip 2: What is “path dependence” and why is it important? How can we understand changing prices and consumer preferences over time?33:26 — Introducing our new sponsor, The Scott Horton Academy! (https://scotthortonacademy.com/crossover)36:08 — Clip 3: What is “the price level” in the US? Does it even make sense to phrase things this way?40:00 — Clip 4: What does Darth Vader’s Death Star have to do with neoclassical economics? If this “exhaust vent” isn’t fixed, does this mean the end of the entire field of economics?1:05:39 — Clip 5: Eric Weinstein interacts with Ken Arrow and his impossibility theorem. Does Eric’s gauge theory invalidate the theory? If not, why not?1:29:59 — Outro. Some closing thoughts. Thanks for watching Haman Nature! Sponsor mentioned: https://scotthortonacademy.com/crossoverInfineo video mentioned: Bob interviews Eric Weinstein:
Adam on X: @RerazerBob on X: @BobMurphyEconAdam’s other show: Natural Order Podcast
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