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Models and Laws | How & How NOT to Do Economics with Robert Skidelsky

Summary:
How do economists seek to establish their so-called laws? What is the scientific status of such laws? Are they always valid or merely useful rules-of-thumb? These, and more questions, are answered in this fifth lecture in INET’s “How and How Not to Do Economics, with Robert Skidelsky.” INET sincerely thanks the Julis-Rabinowitz Family for their generous support, who named this series to honor the spirit of a great educator and economic thinker, Uwe Reinhardt. For nearly 50 years, the late Uwe Reinhardt was a beloved economist and professor at Princeton University. Known best for helping to shape critical discourse around healthcare markets, his biting wit and intellect challenged students, colleagues, and policymakers alike to follow the data and to check all assumptions at the

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How do economists seek to establish their so-called laws? What is the scientific status of such laws? Are they always valid or merely useful rules-of-thumb?



These, and more questions, are answered in this fifth lecture in INET’s “How and How Not to Do Economics, with Robert Skidelsky.”



INET sincerely thanks the Julis-Rabinowitz Family for their generous support, who named this series to honor the spirit of a great educator and economic thinker, Uwe Reinhardt.



For nearly 50 years, the late Uwe Reinhardt was a beloved economist and professor at Princeton University. Known best for helping to shape critical discourse around healthcare markets, his biting wit and intellect challenged students, colleagues, and policymakers alike to follow the data and to check all assumptions at the door.



INET also thanks Rethinking Economics for their voices and contributions.
Robert Skidelsky
Keynesian economist, crossbench peer in the House of Lords, author of Keynes: the Return of the Master and co-author of How Much Is Enough?

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