How the Economy Works

In How the Economy Works, economist Roger E. A. Farmer offers a clear and accessible examination of the economic crisis that began in 2008 and its implications for future economic theory. He explores the historical tension between classical and Keynesian economics and advocates for a synthesis of the two, emphasizing the importance of understanding individual behaviors and the limitations of free markets. Farmer argues for a balanced approach that corrects market excesses while fostering entrepreneurship, highlighting the significance of economics in shaping policy decisions that directly impact our lives. This engaging discussion invites listeners to rethink the foundations and future direction of economic thought.