1 00:00:00,160 --> 00:00:03,790 how do you think you will write the history of economic theory 2 00:00:03,790 --> 00:00:10,790 sought as a man with a great many ideas who knew we had a little economics 3 00:00:10,860 --> 00:00:15,450 let little bit too seen you nothing but my shady in economics 4 00:00:15,450 --> 00:00:19,520 it was completely unaware of what was going on elsewhere 5 00:00:19,520 --> 00:00:24,280 he even knew very little about 90 essential economic history his 6 00:00:24,280 --> 00:00:29,310 up internist very largely guises aesthetic appeal 7 00:00:29,310 --> 00:00:33,970 and heat it's a nineteenth-century and therefore knew very little about each 8 00:00:33,970 --> 00:00:37,970 even about his side to free a little to pursue their legal aid experts on 9 00:00:37,970 --> 00:00:42,100 Elizabethan age i'm absolutely is spelled 10 00:00:42,100 --> 00:00:45,260 the to say that john Maynard Keynes really didn't know that the economic 11 00:00:45,260 --> 00:00:46,199 literature 12 00:00:46,200 --> 00:00:50,20 are you there early on very little up 13 00:00:50,20 --> 00:00:53,480 even within the English term position it did 14 00:00:53,480 --> 00:00:58,569 knew very little of it rate monitors I to social nineteenth century 15 00:00:58,570 --> 00:01:02,160 would know nothing about and your phone move in with new 16 00:01:02,160 --> 00:01:05,890 he knew little about what the couple of course a famous thanks 17 00:01:05,890 --> 00:01:10,960 but he cooked hometown in the book antecedents of 18 00:01:10,960 --> 00:01:15,919 is inflationary ideas and the 1820s and 1830s 19 00:01:15,920 --> 00:01:20,680 and battle to uphold loan ummm how did he react 20 00:01:20,680 --> 00:01:23,890 was he sheepishly 21 00:01:23,890 --> 00:01:28,659 own no country sure it was much too 22 00:01:28,659 --> 00:01:32,350 center for sure the term dual-use the 23 00:01:32,350 --> 00:01:37,649 convinced that to but all the people could have said about a subject personal 24 00:01:37,650 --> 00:01:39,159 practically important 25 00:01:39,159 --> 00:01:43,210 mendonça at the head 26 00:01:43,210 --> 00:01:47,429 were not in the end it was a pillar just after that intentional feel that way it 27 00:01:47,430 --> 00:01:50,340 was so convinced it to the downs are all signs 28 00:01:50,340 --> 00:01:53,890 officials tell the contempt as well which has been done before 29 00:01:53,890 --> 00:01:57,000 and that he maintained that confidence to the end 30 00:01:57,000 --> 00:02:02,549 I can say because I said before it almost took 31 00:02:02,549 --> 00:02:06,689 talking economics Kate members I'll subjects 32 00:02:06,689 --> 00:02:10,348 his general history with ideas some song with them 33 00:02:10,348 --> 00:02:16,129 interested them to know that I I don't want you to it get impatient with two 34 00:02:16,129 --> 00:02:18,439 under mister underestimates im 35 00:02:18,439 --> 00:02:22,668 as a baby was one of the most intended to implement most bullish for 36 00:02:22,669 --> 00:02:27,139 think unfettered moon but economics was just a site plan for him 37 00:02:27,139 --> 00:02:30,269 been hittin amazing member 38 00:02:30,269 --> 00:02:33,779 hippos X totally widely-read 39 00:02:33,779 --> 00:02:37,109 button economics was not with his smoking in 40 00:02:37,109 --> 00:02:41,709 with his own economics was he was convinced to go to the KH a subject 41 00:02:41,709 --> 00:02:45,680 ended up ahead contempt for most of it as a compliment 42 00:02:45,680 --> 00:02:49,309 that does this tie in with your 43 00:02:49,309 --> 00:02:54,349 cool kinds of mines he wrote an encounter some years ago 44 00:02:54,349 --> 00:02:57,480 apiece for the children up I would say 45 00:02:57,480 --> 00:03:01,90 Keynes was a phone bank type of mine well Thermopylae look 46 00:03:01,90 --> 00:03:04,840 is certainly could only have been described as a must offer subject we 47 00:03:04,840 --> 00:03:05,549 said yes 48 00:03:05,549 --> 00:03:09,969 time this is Kym sales time it wasn't intuitive think over thurr 49 00:03:09,969 --> 00:03:14,469 well anyway knowledge in many fields 50 00:03:14,469 --> 00:03:19,730 would never fail that economics was raped enough to 51 00:03:19,730 --> 00:03:25,339 it just took it for granted that bustles textbook contained everything for me to 52 00:03:25,339 --> 00:03:25,779 know 53 00:03:25,779 --> 00:03:28,989 votes a subject the most certain help himself 54 00:03:28,989 --> 00:03:32,730 Cambridge economics about mean they have 42 percent of 55 00:03:32,730 --> 00:03:37,138 the world if you have learned Cambridge economics yes again split loving 56 00:03:37,139 --> 00:03:42,269 I'm interested in your earlier comment about the fact here is a man 57 00:03:42,269 --> 00:03:45,779 immense intelligence great imagination 58 00:03:45,779 --> 00:03:51,198 live you learning and so on and yet was not an economist and I'm not clear 59 00:03:51,199 --> 00:03:52,589 whether you mean 60 00:03:52,589 --> 00:03:56,799 he didn't have that kind of money that excels in 61 00:03:56,799 --> 00:04:00,59 he can always just as mathematics a you can find people 62 00:04:00,59 --> 00:04:03,698 librarian but who given mathematics or just hopeless 63 00:04:03,699 --> 00:04:07,829 but the you really didn't have the kind of mine that makes for 1st row 64 00:04:07,829 --> 00:04:08,760 economists 65 00:04:08,760 --> 00:04:13,358 only head many feared give me his homeland to economics he could 66 00:04:13,359 --> 00:04:16,519 called a milestone of Economics 67 00:04:16,519 --> 00:04:21,420 of State xs:string body but there is a certain 68 00:04:21,420 --> 00:04:24,590 parts of economic CEO 69 00:04:24,590 --> 00:04:30,520 which hit kid never been interested JM it never faulted both he'll have capital 70 00:04:30,520 --> 00:04:35,580 he was very shaky are even on the theory of international trade 71 00:04:35,580 --> 00:04:42,39 goes well informed on contemporary Mon the Tessalit but even they have he did 72 00:04:42,40 --> 00:04:42,720 not know 73 00:04:42,720 --> 00:04:47,360 no such things as and your fault mode Excel and of course he's great effect 74 00:04:47,360 --> 00:04:50,70 Los didn't need any foreign languages except ranch 75 00:04:50,70 --> 00:04:53,599 little German literature was inaccessible to him 76 00:04:53,600 --> 00:04:58,50 he did good enough review regions poke a moment the group but 77 00:04:58,50 --> 00:05:02,700 the later matching tats in Germany could only understand but a new already 78 00:05:02,700 --> 00:05:05,340 so he had known before be read I