The Failure of Economics

A look at the failure of economics and economists to understand discontent. Why Rising GDP doesn't help improve living standards. Special focus on America

00:00 GDP isn’t working
2:21 GDP living standards
5:21 Housing Crisis
6:36 Defending Economics
8:52 Solutions
9:35 Are economists selfish

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Sources:
https://www.economicsobservato....ry.com/economic-fail
https://www.weforum.org/stories/2016/01/gdp/



https://www.shu.ac.uk/news/all....-articles/features-a
https://www.epi.org/blog/wage-....inequality-continued
https://www.weforum.org/storie....s/2021/07/cost-of-fo

ABOUT
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► https://www.economicshelp.org was founded in 2006 by Tejvan Pettinger, who studied PPE at Oxford University and teaches economics. He has published several economics books, including:

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► 50 Essential Economic Ideas https://amzn.to/3IgxndG
► Cracking Economics. https://www.economicshelp.org/shop/cracking-economics/
► What Would Keynes Do? Amazon https://amzn.to/2xShqq4
► Economics Without the Boring Bits https://amzn.to/48T1hA9